A widescale cyberattack took place last month at a Colonial Pipeline facility in Alabama. The attack resulted in the company's systems, which were responsible for providing 45% of the fuel supply for the entire East Coast, being halted. Eventually, a ransom had to be paid to the hackers worth $5 million worth in Bitcoin, of which only $2.3 million were recovered by authorities. The attack was … [Read more...] about Ransomware Attacks Continue to Grow
Cyber security threats
Consumers Must Prioritize Safety Over Convenience
Morning Consult recently conducted a global survey on behalf of IBM Security which recorded responses of around 22,000 individuals across 22 different markets. The survey highlighted the harmful effects that the pandemic had on consumer security behavior. As the work we do has shifted from physical to online platforms, it has become increasingly difficult to protect themselves from hackers who … [Read more...] about Consumers Must Prioritize Safety Over Convenience
Reasons Why Businesses Must Take Cybersecurity Seriously Than Ever
It is a well-known fact that the COVID-19 pandemic has caused an increase in cybersecurity threats faced by organizations. The necessity of shifting all operations from physical to online modes, as well as the aura of uncertainty and chaos, has allowed cybercriminals to have a field day in carrying out their notorious affairs. A report published by the UK government's Department for … [Read more...] about Reasons Why Businesses Must Take Cybersecurity Seriously Than Ever
How much can we rely on digital banking?
Nowadays, there aren’t many activities humans perform without using some form of a computer device. We use computers to talk to people, deliver items to loved ones, and even to keep a check on our bodily functions. As technology is integrated more and more into our daily lives to help make our lives easier, digital banking has emerged as a seamless banking experience that is generally preferred by … [Read more...] about How much can we rely on digital banking?
The Rise of Ransomware Attacks
The recent events relating to the ransomware attack suffered by the US fuel transportation company, Colonial Pipeline, have alerted the world to the dangers of cybercrime and how no organization is safe from such attacks. Ransomware attacks are on the rise, and businesses worldwide need to understand how destructive they can be and how to protect themselves from suffering the same fate as … [Read more...] about The Rise of Ransomware Attacks
