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
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Threat Actors Can Now Hijack Inter-connected Security Systems
Various flaws have been found in internet modules from Paradox Security Systems and researchers claim that these vulnerabilities can be used by cybercriminals to turn off security systems and insert themselves inside the network. Researchers at a cybersecurity company called Critical Security found that the problem lies with the Paradox Security Systems IP150 and IP150+ internet modules. The … [Read more...] about Threat Actors Can Now Hijack Inter-connected Security Systems
How Cybercriminals Steal Millions Using API Keys
A recent study found that cybercriminals are now able to abuse API keys used for cryptocurrency exchange and use them to steal millions of dollars worth of cryptocurrency. With the boom in the cryptocurrency market in recent years, companies started offering apps and services to assist traders in the process. Part of the protocol of using these services requires that traders grant access … [Read more...] about How Cybercriminals Steal Millions Using API Keys
Supply Chain Cyber Attacks See a Troubling Rise
A supply chain attack is a cyber attack that targets the weaker links in a supply chain network such as third-party vendors who may not have as robust a cybersecurity system as the original target. In recent years, cyber attackers have been attacking supply chains much more frequently than before. According to research in the US, supply chain attacks had risen by 42% in the first quarter of 2021. … [Read more...] about Supply Chain Cyber Attacks See a Troubling Rise
People – the Weakest Link in Cybersecurity
After the rise of the coronavirus, the workplace has changed forever. Hybrid working, and even working from home completely, has become the new norm and the most convenient way of completing projects, devising strategies, and building budgets. This is definitely progress post-pandemic, but it comes with its own set of challenges. For example, how secure is your internet connection at home … [Read more...] about People – the Weakest Link in Cybersecurity
