The recent increase of ransomware attacks is upending the cyber insurance industry, pushing up the requirements and cost of coverage just as more companies need it. According to blockchain research firm Chainalysis, ransom payments from companies increased 341 percent to a total of $412 million during 2020. That is pushing insurance carriers to take a…
A data breach at a vendor impacted more than 3.3 million customers and prospective buyers in North America. Volkswagen AG’s U.S. unit said a data breach at a vendor impacted more than 3.3 million customers and possible buyers in North America. Nearly all those impacted were current or potential customers of Audi, one of the…
RockYou2021 is the largest leak ever reported. The leak consists of a series of 8.4 billion passwords and other data, posted on a hacker forum in the form of a BIG TXT file. The leak presumably isn’t a fresh one, and instead is believed to be an amalgamation of many previous leaks. The biggest passwords…
Japan’s leading news agency Kyodo news has reports that the organizing committee of the Tokyo Olympics is the latest to be hit by a data breach. According to the agency report, the data leak has happened through unauthorized access to an information-sharing tool developed by Fujitsu Ltd. Personal data was breached from a total of…
The last few months have seen a sharp rise in cyberattacks, often disrupting products and services that are key to our everyday lives. Many of those attacks have used ransomware, a set of tools that lets hackers gain access to computer systems and disrupt or lock them until they get paid. Ransomware is not new.…
Colonial Pipeline, was hit by a ransomware attack in early May, and the company recently paid a US$4.4 million ransom to the cybercriminal gang responsible for the intrusion. However, when it comes to ransomware attacks, paying criminals isn’t the right thing to do – in fact, experts say it should be illegal to pay off…
CLAIM YOUR FREE IT ASSESSMENT A lot of businesses wait until something breaks before they fix it… We design, evaluate and justify technology solutions from a thorough understanding of the business benefit for your company. First Name Last Name Company Email Phone GET STARTED Your employees are instrumental when it comes to protecting your…
On May 12, 2021, in an ambitious step towards improving the Nation’s security, the Biden Administration has instituted an Executive Order on “Improving the Nation’s Cybersecurity”. The goal is to align cybersecurity initiatives and minimize future threats to national security by modernizing cybersecurity defenses in the United States. The Executive Order was in the works…
A cyberattack has forced Colonial Pipeline to halt operations of its 5,500 miles of pipeline, which transports approximately 45% of all fuel consumed on the East Coast. What Happened on the Cyberattack? On May 8, 2021, Colonial Pipeline had to shut down a 5,500-mile fuel pipeline from Texas to New Jersey after its network experienced…
Your employees are your first line of defense when it comes to protecting your company from cyber-attacks. Human error is one of the single biggest culprits behind cyber-attacks. It comes down to someone falling for a phishing scam, clicking an unknown link or downloading a file without realizing that it’s malicious. Because your team is…
