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Hackers will offer the victim a key in return for cryptocurrency payments that can run into millions of dollars

Organisations in the business and professional services, retail and hospitality, financial, healthcare and high technology were the top targets of cybercriminals in 2020, said a new report on Tuesday. According to the "FireEye Mandiant M-Trends 2021" report, organisations in the retail and hospitality industry were targeted more heavily in 2020 -- coming in as the second most targeted industry compared to 11th in last year's report. Healthcare also rose significantly, becoming the third most targeted industry in 2020, compared to eighth in last year's report. This increased focus by threa...

This represents 4-9.6 per cent of their cumulative value. The study gains significance in the backdrop of yet another massive hack, this time of Microsoft’s email software, which is estimated to have affected at least 60,000 known victims globally, according to Bloomberg. The study found that there is a long-term impact of data breaches on brands across sectors. This is because companies are increasingly embracing digital platforms to improve customer experience, one of the reasons why customers are willing to pay a premium, it pointed out. This has two implications: For consumers, ...

Several users of the State Bank of India (SBI) have been targeted with a phishing scam where hackers have flooded them with suspicious text messages, requesting them to redeem their SBI credit points worth Rs 9,870. The link associated with the text messages redirects the user to a fake website and on the landing page, the user is asked to submit personal information along with sensitive financial details like card number, expiry date, CVV and Mpin in a 'State Bank of India Fill Your Details' form. According to the investigation by New Delhi-based think tank CyberPeace Foundation along wit...

Read more about HCL Tech inks pact with IIT Kanpur to boost capabilities in cybersecurity on Business Standard. The firm said it has inked an agreement with the Indian Institute of Technology Kanpur (IITK) to collaborate in the area of cybersecurity