Organizations are reportedly buying Bitcoins in anticipation of a possible cyberattack.

Organizations are reportedly buying Bitcoins in anticipation of a possible cyberattack.

According to a report by the highly reputable *The Telegraph* in an article dated December 16, 2017, Paul Taylor, former head of cyber defense at the Ministry of Defense, stated that some companies are reportedly quietly buying Bitcoin. Their goal: to have the funds on hand to immediately pay any ransom demanded following a ransomware attack.…

A phishing cyberattack hits the same company twice: over €1 million lost!

A phishing cyberattack hits the same company twice: over €1 million lost!

First Phishing Cyberattack The first attack took place in late May 2016. An employee of the National Bank of Blacksburg, located in the state of Virginia in the United States, clicked on a targeted phishing email. According to the investigation, this email allowed the attacker to install malware on the victim’s computer. Then…