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What SMEs Should Know About Ransomware - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and Reports

Ransomware attacks are on the rise and malicious cybercriminals are always fine-tuning their strategies. Business leaders need to realise that their tactics include disrupting critical business operations across all industry verticals and businesses of all sizes, including small to midsize enterprises (SMEs). With most of the recent headline-making ransomware attacks against larger organisations who are […] ....

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MSNBC Andrea Mitchell Reports June 4, 2024 16:27:00

It would ban companies from paying ransom to hackers holding their information hostage. granholm raising the question that russia and criminal organizations harbored on russian soil could take down the u.s. power grid. joining me now is glen gristel, former energy counsel and now adviser for the center of strategic and international studies. i wanted to play the warning from meet the press from jennifer granholm, the energy secretary, and have you react to it on the other side. i do think that we need to send this strong message that paying a ransomware only exacerbates and accelerates this problem. you are encouraging the bad actors when that happens. glen, she s warning that they could take down the power grid and saying she won t pay ransomware. we had atlanta unable to get into their critical 911 and ....

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Colonial Pipeline Shells Out $5M in Extortion Payout, Report


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According to news reports, Colonial Pipeline paid the cybergang known as DarkSide the ransom it demanded in return for a decryption key.
Colonial Pipeline Co., operator of the largest U.S. fuel pipeline, reportedly paid $5 million to criminals behind a ransomware attack that has sent fuel prices spiking up and down the East Coast.
Sources familiar with the payout told Bloomberg that representatives of Colonial Pipeline paid the cybergang known as DarkSide the ransom it demanded in return for a decryption tool that allowed the firm to restore its computer network disabled in last week’s attack. ....

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