New York City is going all-out to tackle cyberattacks

Date:
Fri, 09 Jul 2021 13:00:59 +0000

Description:
Cross-sector and government collaboration aims to curb ransomware attacks.

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The New York City Cyber Critical Services, a joint government-private effort to curb cyberattacks in this US state, has moved into the physical realm, after two years in existence online.

As reported by the Wall Street Journal , the real-time operational center, designed to protect against cybersecurity threats, is located in a lower Manhattan skyscraper. There, members from government agencies and private businesses, 282 different partners in total, are sharing intelligence on potential cyber threats.

Members include the New York Police Department, Amazon, IBM, the Federal Reserve Bank, and different healthcare institutions. Heres our list of the best endpoint protection right now Weve built a list of the best malware removal on the market Check out our list of the best firewalls available

If any city in America needs this cross-sector and government collaboration, its us, Manhattan District Attorney Cyrus Vance Jr. said. According to the NYPD Deputy Commissioner of Intelligence and Counterterrorism, John Miller, a ransomware attack happens every 14 seconds in New York. Two in five of the victims decide to pay up, while eight in ten end up targeted for the second time. Ransomware targeting SMBs

Its these attacks, Miller said, that prompted the state to set up the center in the first place:

When one major piece of critical infrastructure is under attack, theyre all under attack, he said. If those entities fail, all our response plans fail with them.

Ransomware operators target organizations of all shapes and sizes, including SMBs from various industries. Most of the time, its a double-extortion
attack, in which the operators would first download, then encrypt, all of the sensitive data found on a compromised network.

Then, theyd demand payment in exchange for the decryption key and threaten to release/sell the data on the dark web to entice the victim into agreeing to the terms.

SMBs that fall victim to the attack can expect loss of customers, large remediation costs and even higher fines from regulators. Organizations that deal with data on EU citizens can end up being fined 4% of their global
annual turnover, or 20 million, whichever sum is greater. Heres our rundown
of the best antivirus out there

Via: The Wall Street Journal



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Link to news story: https://www.techradar.com/news/new-york-wants-to-tackle-cyberattacks-head-on/


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