If you pay a hacker’s ransom, chances are that they’ll come back for more
Action Required: Review firm's cybersecurity incident response plan and data backup procedures.
Security researchers warn that paying ransoms to hackers is ineffective, as it often leads to repeat extortion attempts rather than resolution. For financial advisors, this underscores the critical need for robust cybersecurity and data backup protocols rather than relying on ransom payments as a recovery strategy.
Read full article at techcrunchWant the full daily Briefing?
30 stories like this every day, with Action Required call-outs and direct lines to ask Aria — finsay's AI compliance assistant.
Try free for 14 daysRelated stories
- It sure looks like hackers breached a major ID card verification service
A major ID verification service has allegedly suffered a massive data breach involving 150 million driver's license photos. This incident hi…
- The Cybersecurity Apocalypse Is Coming in ‘Months,’ AI Giants Warn
Leading AI companies are warning of a significant escalation in cybersecurity threats driven by AI capabilities, suggesting a potential 'cyb…
- Private equity firm Apollo confirms data breach amid hacking wave targeting financial giants
Private equity giant Apollo has confirmed a data breach, highlighting a broader trend of cyberattacks targeting major financial institutions…