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Pipeline shutdown shows need for tougher cybersecurity laws

cyware May 23, 2021 Expert Blogs and Opinion

The Colonial Pipeline incident revealed just how easy it was to bring a massive part of American infrastructure to a halt with a hack that, by cybersecurity standards, was about as sophisticated as a pickpocketing.

Firm tracked DarkSide gang ransomware payments and the massive sums paid

cyware May 23, 2021 Threat Actors

The gang’s wallet received a 75 BTC (bitcoin) payment, or roughly $5 million, made by Colonial Pipeline on May 8 following the cyberattack on its operations, according to a report from blockchain analytics firm Elliptic.

Colonial Pipeline attack shows Canada must get serious about cybersecurity

cyware May 23, 2021 Expert Blogs and Opinion

Ransomware attacks in Canada cost hundreds of millions of dollars in 2020 alone, with more than 4,000 attacks on our soil. In 2019, the official total was $2.3 billion, which is considered an extremely conservative estimate.

Cyber attacks on critical infrastructure: Is India ready?

cyware May 23, 2021 Expert Blogs and Opinion

In recent years, attacks targeting critical infrastructure and businesses have surged. These include the 2017 WannaCry and NotPetya ransomware attacks, the 2015 attack on Ukrainian power grids, and 2010 Stuxnet attack on the Iranian nuclear reactor.