Around the world, 2024 has already shown us that cybersecurity risk is alive and well.
In the U.S., highly disruptive attacks, targeting Microsoft, UnitedHealth Group and its subsidiary Change Healthcare, have cast a new spotlight on companies and their cybersecurity practices by not just customers, media and investors, but federal agencies and regulators. As of this writing, Change Healthcare is still digging itself out of a massive insurance claims backlog, and hundreds of thousands of providers and patients alike have been impacted. In a somewhat ironic twist, Microsoft itself reports that roughly 87% of UK organizations are vulnerable to a cyber-attack. In Europe, government entities and NGOs are tracking widespread phishing attempts by a likely Russian criminal gang which coerces employees into clicking on links and downloading malware. And across the Middle East, Africa and Asia, cyber criminals using ransomware are targeting organizations which they identify as potentially less mature in cybersecurity controls, made significantly more vulnerable as certain regions and countries across MENA still haven’t appropriately prioritized or invested in cybersecurity.
Cyber risk…
