article thumbnail

Guarding the gates: a look at critical infrastructure security in 2023

CIO Business Intelligence

Modern advancements like artificial intelligence (AI) machine learning and blockchain-based networks specifically have an impact in this area. These attacks employ malicious software that encrypts files, rendering them inaccessible until a ransom is paid or a backup is restored.

Security 131
article thumbnail

MWC 2024 Replay: Huawei unlocks resilient, ‘non-stop’ banking with four-pronged solutions strategy

CIO Business Intelligence

Speaking at Mobile World Congress 2024 in Barcelona, Jason Cao, Huawei’s CEO of Digital Finance BU, acknowledged that digital financial services are “booming” and that the rise of open architecture as well as emerging technologies like generative AI will have an impact on key fields in the industry such as financial engagement and credit loans.

Banking 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CIOs Start To Deal With The Problem Of Big Data Backup

The Accidental Successful CIO

Back in the old days, when the size of the data that your CIO job required you to manage was still something that could be dealt with, whenever the IT department received new data it just got added to your existing backup plan. Solutions To Your Big Data Backup Problem. It looks like another solution is going to be called for.

Big Data 183
article thumbnail

Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

Financial risks and consequences Various cyberattacks on nonprofits can lead to direct financial losses through stolen funds or ransom demands. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

article thumbnail

How Can Educational Institutions Mitigate Cybersecurity Threats in Education?

Kitaboo

With networks and infrastructures extending beyond the safe school walls nowadays, cyber-attack threats against educational institutions are on the rise. Cyber-attacks in educational institutions can not only cause financial loss and disruption but also jeopardize student safety. It is one of the most common cyber incidents.

article thumbnail

Joint Cybersecurity Advisory: Watch Out for BlackMatter RaaS

SecureWorld News

Ransomware-as-a-Service (RaaS) is wreaking havoc on critical infrastructure around the world, causing businesses large and small to take major financial hits up to $15 million. Instead of encrypting backup data, BlackMatter instead wipes it clean in some cases. Backup your data and put procedures in place for restoration.

Backup 81
article thumbnail

U.S. Sanctions 10 Iranian Ransomware Operators

SecureWorld News

Cybersecurity and Infrastructure Security Agency (CISA) describes the IRGC's actions in the last few years: "In December 2021, the actors exploited ProxyShell vulnerabilities (likely CVE-2021-34473, CVE-2021-34523, and CVE-2021-31207) on a Microsoft Exchange server to gain access to the network of a U.S. Implement Network Segmentation.