Ransomware attacks are the canaries in the cyber coal mine ...Middle East

The hotel and entertainment company MGM was the target of a massive ransomware attack last September that disrupted operations for days and reportedly cost it $100 million in revenues. In February, the payments processing operations of UnitedHealth’s Change Healthcare were affected by a ransomware group, costing an estimated $1 billion per day. The increasing frequency of cyberattacks should be five-alarm warning for businesses and governments, which have squandered the last 25 years hopelessly tethered to a remarkably insecure internet. Hackers seem to have figured out what America’s executives and policymakers have been slow to conclude: data-transmission pipelines are not only ransomwa

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Last updated : 09 April 2024 clock 12:28 AM

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Ransomware attacks are the canaries in the cyber coal mine ...Middle East

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