Tag: #DataBreach
Data Breach Leads to Extortion Attempts A recent cyberattack targeting users of Snowflake, a cloud-based data analytics company, has entered a critical phase. Hackers are demanding ransom payments ranging from $300,000 to a staggering $5 million from affected companies. This information comes from a security firm, Mandiant, which is assisting Snowflake in its investigation. Exploiting […]
Microsoft is making cybersecurity a key factor in executive compensation. In a move designed to strengthen its security posture, the company announced that starting in fiscal year 2025 (beginning July 1st, 2024), one-third of senior executives’ annual bonuses tied to “individual performance” will be directly linked to their cybersecurity efforts. This decision comes after criticism […]
Cost-effective cybersecurity for small businesses – it might sound like an oxymoron, but it’s a critical reality in today’s digital landscape. While cyberattacks can cripple businesses of any size, statistics reveal a disturbing trend: small businesses are disproportionately targeted. A staggering 43% of all cyberattacks hit smaller businesses annually, and 46% of cyber breaches impact […]