Weekly Cybersecurity Round-Up: July 1st-7th

Do you like our weekly series? Be sure to share it with a friend to keep everyone informed.

This week we saw critiques on Facebook’s upcoming controversial cryptocurrency, yet another ransomware attack on a state government, an eye-opening press release on the steeply rising numbers of cyber attacks, and much, much more.

So, what happened in cybersecurity this week? 

  • Georgia’s court system was hit by a debilitating ransomware attack, leaving significant portions of their system offline. The attack comes after a recent wave of ransomware attacks on local and state governments. Learn more about ransomware and how to protect yourself from an attack here
  • A new survey created by cybersecurity leader Palo Alto Networks, YouGov, and Jessica Barker, an expert in the human nature of cybersecurity, reveals that 56% of Canadians feel that education about cybersecurity and how to protect themselves and their families online would make them feel more secure. Check out all of the results from the survey here, and make sure to catch up on our cybersecurity tips for the whole family here
  • The University of Cambridge’s Centre for Alternative Finance recently released a tool called the Cambridge Bitcoin Electricity Consumption Index (CBECI). What did this tool reveal? Shocking information about the excess of electricity needed to power the virtual cryptocurrency. As an example, the amount of electricity used annually by the currency could fuel Cambridge’s energy/electricity needs for 352 years
  • In other news for global cryptocurrencies, Facebook’s upcoming currency, Libra, has received a serious critique from members of the US Government. Chairperson Maxine Waters of the US House of Representatives Committee on Financial Services sent a letter to Facebook in which she raises concerns about the new currency violating security and monetary federal policies. Members of Facebook responsible for launching Libra will have to come before the House Committee on July 17th
  • Security Magazine published a press release revealing some shocking facts and figures about the rapidly increasing rate of cyber attacks on companies. They wrote that 61% of firms in 2018 suffered from cyber attacks, compared to 41% in the previous year, and that the average cost of cleaning up a cyber incident rose from $229,000 to $369,000. Read the full press release here

That’s all we’ve got for this week. Have questions? Shoot us an email at support@fixmestick.com. See you next week!