Ransomware Assaults on Financial Institutions Spike, Highlighting Evolving Cyber Threats In a concerning trend, financial institutions worldwide reported an average loss of $6.08 million in 2024 due to ransomware attacks, marking a 10% increase from the previous year. This alarming data, released by security professionals at Hunt.io, sheds light on…
The ongoing trade tensions between China and the United States, popularly dubbed the “tariff war,” are manifesting in various unforeseen consequences, notably within the realm of cybersecurity. This escalated conflict is emerging as a significant threat vector for businesses, governments, and individuals. As the two nations engage in a heated…
This week on the Lock and Code podcast… This week, we dive into the controversial establishment of the newly formed US Department of Government Efficiency (DOGE), which appears to have extensive data collection interests regarding American citizens. Established on January 20 by former President Donald Trump through an Executive Order,…
Strategic Communication Essential for Healthcare Cybercrises, Experts Say As healthcare organizations continue to grapple with the rising threat of cyber incidents, crisis communication planning is more critical than ever. Tom Bolitho, a crisis communications expert at FTI Consulting, emphasizes that the proactive development of a communications strategy is essential for…
The 10th annual RSM US Middle Market Business Index Special Report focused on Cybersecurity for 2025 has revealed concerning statistics regarding data breaches among middle market organizations in the U.S. According to the report, nearly 18% of these organizations reported having experienced a data breach in the past year. Despite…
Data Breach Epidemic Highlights Vulnerabilities in Encryption Practices Data breaches have emerged as a rampant issue, posing ongoing threats to businesses worldwide. While organizations invest heavily in advanced technologies for perimeter defense and access management, an often neglected component remains: data encryption. The lack of robust encryption strategies leaves businesses…
In a significant cybersecurity incident, two of the largest financial institutions in the United States, JPMorgan Chase and Bank of New York Mellon, have severed electronic data sharing with the Office of the Comptroller of the Currency (OCC). This decision follows a serious email system breach within the regulatory agency,…
In the modern corporate landscape, what stands as the most critical asset for any organization? Beyond intellectual property, brand reputation, or advanced technology, the cornerstone of a successful company lies in its customer base. In an increasingly digital world, mobile applications have emerged as the primary conduit for businesses to…
Recent headlines are filled with reports of prominent cyberattacks featuring ransomware, malware, and state-sponsored intrusions that capture the attention of security teams worldwide. Yet, amidst this cacophony of external threats lies an often underestimated risk: insider threats. These internal dangers have become more pronounced, particularly during periods of organizational upheaval…
