Ransomware Strikes World’s Largest Bank: A Security Blueprint for SMBs
The recent ransomware compromise of the Industrial and Commercial Bank of China (ICBC), leading to emergency USB stick transactions, presents more than headline news—it’s a cautionary tale for small to medium-sized businesses (SMBs). In a landscape where cyberthreats are increasingly sophisticated, the question looms: if the world’s largest bank can get hacked, what’s an SMB to do?
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The ICBC Event: Noone is Immune to Ransomware
The ICBC breach is a powerful wake-up call; it illustrates that cybercriminals and the technology that enables them allow for targeting and succeeding at hacking of the largest financial institutions. SMBs, often much less equipped than enterprises when it comes to security posture along with less security training, are in the sweet spot for lots of hackers that love the lack of scrutiny compared to larger breaches that involve the FBI and significant news coverage.
Zero Trust Network Security for the Cloud Era – Enter Timus
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