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07/08/2024

2024 Is Already the Year of the Cyberattack

PYMNTS

It’s the summer of steals, not the summer of deals, for businesses suffering cyber breaches.

That’s because, as the world goes digital, fraudsters are constantly probing modern, multifaceted attack surfaces for vulnerabilities.

But with the news Tuesday (July 2) that auto dealership software provider CDK Global has “substantially all” of its car dealership customers back online with their management systems, about two weeks after the company’s systems were taken down by hackers, it’s increasingly vital for companies to batten up defenses while establishing a best-practice post-incident response plan.

Navigating Data Extortion and Ransomware

Data extortion and ransomware attacks have had a substantial impact on businesses and marketplaces during the first half of 2024, with the February cyberattack on UnitedHealth Group’s Change Healthcare unit capturing headlines at the start of the year, with other attacks on Dell and Microsoft also causing waves across the marketplace.

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