Bloomberg Daybreak: Europe Edition Le Pen Exclusive, CEO Killing Bullets ‘Inscribed’, Russian Ransomware Targets
Dec 6, 2024
Ryan Gallagher, an investigative reporter at Bloomberg specializing in cybersecurity, dives deep into the alarming rise of ransomware attacks affecting small businesses. He discusses the tragic case of Knights of Old, a logistics company ruined by a cyber assault. Gallagher also sheds light on the Ikira crime group's targeting strategies, stressing the pressing need for heightened security across the industry. The conversations reveal chilling insights into the interplay between political dynamics and cybersecurity threats in Europe.
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French Political Situation
- Macron won't resign, will appoint a new prime minister, and aims to form a unity government.
- He acknowledged the budget likely won't pass until 2025, requiring a special law for 2024.
Ransomware attack on Knights of Old
- Knights of Old, a 160-year-old UK logistics company, was liquidated after refusing to pay a ransom.
- The Russian ransomware gang Akira targeted their computers, highlighting the risk to smaller businesses.
Protecting against ransomware attacks
- Businesses should invest in intrusion detection/network monitoring tools to catch suspicious activity.
- Having dedicated cybersecurity experts and regularly updating software are crucial.
