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The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors.
The Impact of Cybersecurity on Businesses & What an Investor Should Consider Cybersecurity measures protect systems, networks, and data from digital attacks like malware, phishing attacks, and ransomware because cybersecurity breaches impact a business negatively.
Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring businesscontinuity. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common.
Understanding the significance of cyber security is crucial for protecting sensitive data and ensuring businesscontinuity. SMEs face numerous cyber security threats that can jeopardize their operations and financial stability, with phishing attacks, malware, and ransomware being among the most common.
Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years. Many organisations also said they would pay a ransom to reduce disruption.
Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. This rapid response minimises damage and ensures businesscontinuity. We explore the role of AI in enhancing cybersecurity within fintech, highlighting its capabilities, limitations, and potential future applications.
Candid Wüest, VP of product management at Acronis Candid Wüest , VP of product management at Acronis, explained: “There’s a disturbing trend being recognised globally where bad actors continue to leverage ChatGPT and similar generative AI systems to increase cyber attack efficiency, create malicious code, and automate attacks.
The changes impose more demanding requirements for larger entities, new obligations to report ransomware incidents and payments, and expanded oversight responsibilities for board and senior management. Requirements related to businesscontinuity and disaster recovery have also been included for the first time.
While Digital Shadows expects to see targeted attacks that are much bigger and more complex on the horizon in 2017, Chappell also shared that threats like denial-of-service attacks, malicious botnets like Mirai and ransomware are all things to keep a close watch on in the year ahead.
Phishing attacks, ransomware, and data breaches have become constant threats. Companies should adopt zero-trust security models, continuous risk assessments, and real-time threat intelligence to ensure theyre staying one step ahead in this degree. The final pillar is businesscontinuity and incident response.
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