My favorite definition of the (public) cloud is “It’s someone else’s computer.” That is really what any external cloud service is. And if your services, data and other assets are located on someone else’s equipment, you are at their mercy on whether you can access those assets and data at any time. It isn’t up to you. It’s solely determined by them, and any service level agreement you agreed to. And you can lose everything stored there permanently. You should have multiple backups of your data no matter where it is stored, especially including if it is stored using a cloud service.
A Russian ransomware group whose leaders were indicted by the Justice Department in December is retaliating against the U.S. government, many of America’s largest companies and a major news organization, identifying employees working from home during the pandemic and attempting to get inside their networks with malware intended to cripple their operations, reports The New York Times.
Threat actors launched a cyberattack against the Texas Office of Court Administration, the IT provider for many Texas courts, and encrypted their computer systems with ransomware, leaving those systems useless. Cognizant, which has a large presence in Dallas-Fort Worth and is one of the world’s largest and most sophisticated providers of information technology services for other companies, was hit with ransomware with losses currently estimated between $50 million and $70 million.
New research has found that while most consumers are taking necessary security precautions to protect their online accounts, businesses may not be doing enough to protect their information – inadvertently driving sales to competitors that can.
Two-fifths (40%) of consumers hold business leaders personally responsible for ransomware attacks businesses suffer, according to global research from Veritas Technologies.
Today the world is focusing on the health and economic repercussions of the COVID-19 outbreak. Meanwhile, cybercriminals are taking advantage of the rampant fear and uncertainty people are experiencing.
Honda's global operations have been hit with a ransomware attack. The company said earlier that the attack had affected operations at several facilities, as well as both customer service and financial services operations.
There has been a 400 percent increase in attempted hacks since February 2020 coinciding with a period when the maritime industry turned to greater use of technology and working from home due to the Coronavirus pandemic, according to Israeli cybersecurity specialist Naval Dome.
