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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Falanx Cyber Security

More articles like this

Falanx Cyber Security

Ethical Phishing

Are your staff prepared for cyber attacks that are designed to coax sensitive information from them? Let us find out. Phishing is more prevalent than ever and becoming increasingly more sophisticated. We can help you minimise

Falanx Cyber Security

Why do I need Continuous Vulnerability Scanning (CVS)?

In 2021, the US-CERT Vulnerability database recorded 18376 vulnerabilities. That’s an average of more than 50 common vulnerabilities and exposures (CVEs) per day. With cyber criminals constantly scanning the internet looking for CVEs to exploit, if

Falanx Cyber Security

Does accountancy have a cybersecurity blind spot?

Leading ethical hacker Rob Shapland joins the AccountingWEB podcast to explain why cybercriminals are targeting the profession and what accountants can do to stop them. With recent hacks on high-profile accounting firms making headlines and the current geopolitical

Falanx Cyber Security

Loan security and Cyber security

Are proper cybersecurity measures on your investment checklist? Cybercriminals are attracted to money, which is why wherever there are investments and growth, the hackers are there doing everything they can to find a way in. This

Falanx Cyber Security

Cybersecurity risks in the rail sector

The level of cybercrime continues to grow at an unprecedented rate in the UK and across the globe, with UK Government figures showing that nearly 40% of businesses surveyed had suffered cyber security breaches or attacks

Falanx Cyber Security

Why many UK businesses still aren’t cyber ready

Recent UK government research shows that just under half of all businesses aren’t seeking advice on cyber security threats While 69% of businesses in the financial sector sought advice in the last 12 months, a quarter

Falanx Cyber Security

Global food supply chain at risk from malicious hackers

Modern “smart” farm machinery is vulnerable to malicious hackers, leaving global supply chains exposed to risk, experts are warning. It is feared hackers could exploit flaws in agricultural hardware used to plant and harvest crops. Agricultural

Falanx Cyber Security

Lack of skills is the number one issue in cybersecurity

Lack of skills is the number one issue in the cybersecurity industry, according to Andrew Elliot, deputy director, cyber security innovation and skills at the Department for Digital, Culture, Media and Sport (DCMS), speaking during the Secure

Falanx Cyber Security

Falanx Group develop partnership to provide M-EDR to UK customers

Falanx Group Limited (LON:FLX), the AIM listed cyber security business, has today announced that ESET, Grove and Falanx Cyber are working together to promote Managed-Endpoint Detection and Response (M-EDR) solutions and services to customers across the region.

Falanx Cyber Security

Cyber: a growing UK boardroom priority

Cybersecurity is a growing priority for company directors in the UK but that may not be translating into improvements in their business’ cyber resilience, according to a new study. The results of the UK government’s cybersecurity breaches

Falanx Cyber Security

Business unity is essential to beat cyber attacks

In the spring of 2021, America’s Colonial Pipeline – the 5,500-mile fuel superhighway, which supplies half the East Coast’s petrol and diesel – abruptly shut down for six days. The cause was a cyber-attack, launched by