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
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Top Cyber Power Revealed With the US at the Top of the List
A research paper published by the International Institute for Strategic Studies (IISS) classified the United States of America as the only top-tier cyber-power nation in the world. The British research institute evaluated the cyber proficiency of 15 countries over a span of two years before dividing each country into tiers by their global state cyber-capacity. In order to … [Read more...] about Top Cyber Power Revealed With the US at the Top of the List
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
Why We Need to Be Aware of the Rising Supply Chain Attacks
Around 140 organizations reported to have had their operations impacted or disrupted by a supply chain attack in the first quarter of 2021. According to the Identity Theft Resource Center (ITRC), which is a nonprofit organization, this represents a 42% increase when compared to the previous quarter (4th quarter of 2020). In total, US data breaches that were publicly reported saw an increase of 12% … [Read more...] about Why We Need to Be Aware of the Rising Supply Chain Attacks
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
