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
After the COVID-19 pandemic rendered large portions of a business's operations online, the emphasis on cybersecurity has dramatically increased. A report by Bloomberg Intelligence ably forecasted that spending on cybersecurity is expected to increase by $200 billion a year until 2024. A reason for this growth is stated to have been due to a switch to a cloud-based approach to … [Read more...] about The Rise of Cloud in Cybersecurity
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?
Although advancements in the field of technology are resulting in improved efficiency and performances of organizations, there are a few challenges that come with adopting these more effective methods. Cybersecurity is the most at risk amongst these challenges. With added access to an organization's operations and records through the means of online connectivity, cybercriminals have … [Read more...] about Protecting against the changing cybersecurity risk landscape
Colonial Pipeline became the latest victim of a ransomware attack from threat actors after the company revealed that it paid a ransom worth $4.4 million to DarkSide, the cybercriminal organization that hacked the company. This was done in exchange for regaining access to their servers which had been shut down as a result of the cyberattack. Joseph Blount, the CEO of Colonial Pipeline, … [Read more...] about Colonial Pipeline Forced to Pay $4.4m After Ransomware Attack