Paying the price twice

Last updated 30 Jun 23 @ 17:24 |
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David Carvalho examines the correct way to react to ransomware

Ransomware attackers extorted $456.8-million from victims in 2022, 40 percent down from the $765.6-million in the previous year. However, before we clink glasses to celebrate victory, there are some significant caveats to consider. There were 19 reported web3 hacks in Q1 2023 – up from 16 in Q1 2022 and 10 in Q1 2021. The recent hack of Euler Finance where $197-million in staked Ether tokens (stETH), was drained from the protocol, is a case in point. How organisations . . .

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