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Showing posts from September, 2024

Cyber Threats To Manufacturing Industry

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Cyber Threats In The Manufacturing Industry 2019 statistics for breaches in distinct manufacturing sectors Manufacturing industries, such as nuclear, metals, capital goods, chemicals, pharmaceuticals, electronics, automobiles, and many others, are becoming more vulnerable to cyber threats. Major reasons: Moving towards cloud platforms for storing organizations' and their employees' sensitive and confidential data. The advent of IoT is forcing organizations to store data in one common place that’s accessible from distant places. So, if the core is compromised, the rest becomes chaos. During a survey conducted in the middle of 2019, it was overwhelming that Indian manufacturing companies were highly affected in the world accounting for 28% of total cyberattacks. This was confirmed and reported by Seqrite, a reputed Pune-based firm. Peter Bendor-Samuel, chief executive officer, of Everest Group, an IT advisory and research firm said, “The threat has now become very apparent to the...

Types of Ransomware & Real Time Incidents In UAE 2024

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Types of Ransomware & Real Time Incidents In UAE 2024 Types of Ransomware 1. Crypto Ransomware: Encrypts files and requires payment for the decryption key. 2. Locker Ransomware: Completely restricts user access to their device. 3. Scareware: Mimics ransomware without causing any real damage to the system. 4. Doxware : Intimidates victims by threatening to disclose sensitive information unless the ransom is paid. 5. RaaS (Ransomware as a Service): Ransomware tools available for purchase on the dark web. Ransomware Incidents In 2024 UAE Countries 1. Crypto Ransomware Incident: Emirates Oil & Gas Company Breach (2024): In March 2024, a significant oil and gas corporation in the UAE fell victim to a crypto ransomware attack, allegedly executed by the Royal ransomware group. The attackers encrypted essential operational data, including project documentation and financial information, demanding a ransom of $10 million in Bitcoin. This incident caused substantial disruptions to the co...