Protecting proprietary data and intellectual property has never been a more critical requirement. Bad actors are targeting institutions that have previously been sacrosanct. Their methods have become harder to detect, and the damages inflicted in some cases have dealt near-fatal blows to corporate financials and organizations’ operations.
Take, for example, the North Korea-backed Lazarus hack of the international SWIFT banking system, the worldwide interbank communication network that settles transactions. Consider that hospitals are being targeted with ransomware that holds patient information like blood type hostage, making it impossible for surgical procedures to be performed. Think about the Ukranian power grid outage and look at the chaos that ensued during the Verizon acquisition of Yahoo when it revealed 500 million Yahoo user accounts had been compromised and pricing had to be re-negotiated.
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