The purpose of technology is, in a nutshell, to improve a task to make it less difficult and/or more efficient to complete. This has lately been demonstrated in the information technology that powers the financial services industries. Finance, insurance, and banking have all seen their processes benefitted by “FinTech.” Let’s examine FinTech to gain a better appreciation for it and... Read More
- Published: 26 Jan 2020
Ransomware attacks on federal government contractors raise questions about the security of government data.
A construction company that's won millions of dollars worth of contracts with the military and other federal departments has been hit by a ransomware attack — raising questions about how the federal government does business with outside firms open to cyberattacks.
Ransomware attacks involve malicious software used to cripple a target's computer system to solicit a cash payment. Last month, a group is known as Maze — infamous for publicly shaming victims until they pay up — claimed to have run a successful strike against the Toronto-based company Bird Construction, stealing 60 GBs of data.
"Bird Construction responded to a cyber incident that resulted in the encryption of company files," wrote a company spokesperson in an email to CBC.
"Bird continued to function with no business impact, and we worked with leading cybersecurity experts to restore access to the affected files."
Article from the CBC: Read more
Prevention is the only solution.
Compudata can help you prevent Ransomware! To learn more about our security services, reach out to us at 1-855-405-8889.