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Recent Cyberattacks Hit 2 Major Financial Institutions

Recent Cyberattacks Hit 2 Major Financial Institutions

World’s Largest Bank Hit By Ransomware Attack Industrial & Commercial Bank of China (ICBC) Ltd was hit by a serious ransomware attack this week. It is suspected that the attack came from a gang of cybercriminals known as LockBit. LockBit is also credited with...
The White House Releases Its National Cyber Strategy

The White House Releases Its National Cyber Strategy

This week the White House released its long-awaited National Cyber Strategy. It outlines how the Biden administration intends to defend the U.S. from cyber threats. The essence of the plan is a “reimagining” of “America’s cyber social contract” according to Acting...
Cyber Attacks: Heads Up Over The Holidays

Cyber Attacks: Heads Up Over The Holidays

During the holidays is when we see a spike in network attacks. Why is that? Most IT firms and businesses run a skeleton crew since a lot of staff need to use their PTO or just take off for the holiday. Hackers know this and have been planning on it most likely all...
RaaS — Ransomware’s Dark New Business Model

RaaS — Ransomware’s Dark New Business Model

Ransomware is an insidious and pervasive security threat that continues to evolve and grow in its efforts to profit from cyberattacks on businesses. The latest development in Ransomware’s evolution isn’t technology-based, but rather a new organizational business...