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
- A Sneaky Hacking Tool Targeting AI Infrastructure Is Lurking in Victims’ Blind Spots
A new form of malware has been identified that specifically targets AI development and infrastructure environments, capable of data theft an…
- Compromised Advisor Credentials Used in Pump-and-Dump Schemes
The Department of Justice has seized $19.5 million related to market manipulation schemes that utilized compromised financial advisor creden…
- Password manager maker LastPass says hackers stole customer support case data during Klue breach
LastPass, a widely used password management tool, has suffered another data breach involving customer support case data, stemming from a com…