Businesses have a responsibility to safeguard their workforce, which is best achieved by preparing and equipping the whole organization to better face these worst-case cyber scenarios....
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Southern Water says Black Basta ransomware attack cost £4.5M in expenses
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In February 2024, Southern Water suffered a devastating cyberattack that has resulted in significant costs. The water supplier has disclosed that it incurred 4.5 million in damages due to the attack.
This cyberattack highlights the potential risks associated with critical infrastructure being compromised by malicious actors. Such incidents can have far-reaching consequences, affecting not only the organization but also its customers and the wider community.
Southern Water is now taking steps to address the incident and prevent similar occurrences in the future. The financial implications of this attack will likely be passed on to consumers, emphasizing the need foobust cybersecurity measures to protect critical infrastructure.
United Kingdom water supplier Southern Water has disclosed that it incurred costs of £4.5 million ($5.7M) due to a cyberattack it suffered in February 2024. [...]...
Read Full Article »Industrial System Cyberattacks Surge as OT Stays Vulnerable
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The increasing threat of state and non-state actors exploiting vulnerabilities in organizational systems is a growing concern. According to recent reports, nearly a third of organizations have a system connected to the internet with known exploited vulnerabilities.
This poses significant risks to their operations, reputation, and customer data.If left unaddressed, these vulnerabilities can lead to devastating consequences, including financial losses, reputational damage, and even physical harm to individuals. Organizations must prioritize patching and maintaining system security to mitigate these risks.Legislative and regulatory frameworks are also evolving to hold organizations accountable for protecting against cyber threats.
Organizations must navigate this complex landscape to ensure they meet their obligations and protect themselves against the ever-present threat of cyber attacks.
Nearly a third of organizations have an operational system connected to the Internet with a known exploited vulnerability, as attacks by state and non-state actors increase....
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