Why Hackers are looking at your organisation

The makers of Cyberpunk 2077, CD Projekt Red, are the latest victims of the most prevalent cyber threat at the moment – ransomware attacks. The idea behind the attack is simple; obtain access to the victim company’s internal network, digitally scramble all their data, then demand a ransom payment for a key that unlocks the scrambled data. The hackers may charge a few hundred pounds, all the way up to tens of millions, depending on whose network they have compromised and how much damage has been done.

The motivation for the cyber-attack is clear. The cyber-criminals are interested in making as much money as possible, and they know if they are able to use the ransomware to cripple a company, it is highly likely they will pay. 

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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