Cyberattack
Cyber-attacks and OT – safeguard this new feeding ground
Johan Potgieter, cluster industrial software leader at Schneider Electric Before the advent of Industrial Internet of Things (IIoT), Operation Technology (OT) was safeguarded against most cyberattacks. OT systems’ propriety nature, standards and hard-wired connectivity protected it against malicious attacks. Cyber threats and incidents are a major operating and business risk for every digital enterprise. In age the of digitisation, creating and executing a strategy that allows you to see, reduce, and respond to cyber threats and risks is critical for achieving your financial objectives. Now, we’re entering unchartered waters – the widespread integration of embedded devices and OT networks with corporate or IT infrastructure has created a new feeding ground for hackers. Every en...
6 Common Cybersecurity Mistakes Made by Startup Companies
Image sourced from Pixabay Some of the most successful companies today began their journey as startups. They usually start with a brilliant idea or a new technology that promises to solve a problem to rethink the way we do business. The African region is no stranger to startups, where reports suggest that African startups raised near $5 billion in total estimated funding from 740 deals last year, predominantly in tech startups. This is more than a 250% increase from the $1.3-billion estimated total funding raised in 2020. Startup owners often draw attention to issues of business planning, marketing strategy, and attracting additional investment, but do not address the need to build a solid cybersecurity system. The lack of a clear understanding of threats can cost a startup a potentially s...
Joe Biden pointedly asks Vladimir Putin about cyberattacks at summit
U.S. President Joe Biden asked Russian President Vladimir Putin on Wednesday how he would feel if someone carried out a ransomware attack on Russian oil pipelines, a pointed question during their summit that illustrated the breadth of their disagreements. The query referred to a cyberattack that closed the Colonial Pipeline Co system for several days in May, preventing millions of barrels of gasoline, diesel and jet fuel from flowing to the U.S. East Coast from the Gulf Coast. Both leaders described their first summit in a lakeside Swiss villa as professional, rather than friendly, and said they agreed to hold lower-level talks on cybersecurity and arms control and to send their ambassadors back to their capitals. But there was no hiding their differences on issues such as human rights, wh...
The Role Of Artificial Intelligence In Enhancing Cybersecurity
The Cold War period fostered all sorts of technological advancements, whereas in contemporary times the more technologically advanced the world we have the more cybersecurity is at risk. Combining the quality of artificial intelligence (AI) with cybersecurity, security experts have extra assets to guard helpless systems and information against cyber assailants. After applying this innovation, it brought moment bits of knowledge, coming about in diminished reaction times. Artificial Intelligence And Bitcoins. We can barely avoid the role of artificial intelligence which is more beneficial in bitcoins trading. Bitcoin trader in the cryptocurrency market uses the exchange framework which is automatic in nature in order to earn confined wages. Valuable metals such as silver and gold are compar...
U.S. treasury, others under cyberattacks by hackers
The U.S. Treasury and Commerce departments, alongside other government agencies have been targeted by hackers, several media reports indicated on Sunday. National Security Council spokesman John Ullyot told dpa “the U.S. government is aware of these reports and we are taking all necessary steps to identify and address potential issues related to this situation.” The Department of Commerce confirmed to CNN that hackers had overcome protective measures in one of its offices. The Washington Post reported hackers with ties to Russian intelligence agency SVR were responsible for the attacks on the Treasury and Commerce departments as well as other U.S. agencies. It was unclear what information had been captured, according to the report, which also said the FBI had been brought in to investigate...
Ransomware reportedly to blame for outage at US hospital chain
Health care provider Universal Health Services, one of the largest chains in the US, has been hit by an apparent ransomware attack, TechCrunch reported. UHS facilities in California, Florida, North Dakota, Arizona, and other locations began noticing problems early Sunday, with some locations reporting locked computers and phone systems. Some UHS hospitals had to use pen and paper to file patient information as a result, according to NBC News. The hospital system, which has more than 400 locations in the US and the UK, said in a statement on Monday that its IT network across several facilities was offline “due to an IT security issue.” No patient or employee data appears to have been compromised, according to the statement, which did not mention malware or ransomware. “We implement extensiv...
