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Southern Water says Black Basta ransomware attack cost £4.5M in expenses
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- This content provides valuable insights about the subject matter.
- The information provides valuable insights for those interested in the subject matter.
- Understanding the subject matter requires attention to the details presented in this content.
Summary
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 »Insight Partners, VC Giant, Falls to Social Engineering
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- Understanding the subject matter requires attention to the details presented in this content.
Summary
A startup incubator and PR firm with significant holdings in over 70 cybersecurity firms has announced a data breach, leaving its clients and the industry at large concerned about the unknown effects. The severity and scope of the breach are still unclear, but its impact on individual companies and their clients cannot be overstated.
This incident highlights the vulnerability of even well-established players in the cybersecurity space. As the situation unfolds, it is essential to assess the specific risks and consequences for each affected party.
The incubator and PR firm's response will play a critical role in determining the extent of the damage and its ability to support its clients during this crisis.
The startup incubator and PR firm with holdings in more than 70 cybersecurity firms has announced a data breach with as-yet-unknown effects....
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