Why The U.S. Can't Stop Cyber Attacks

From the creator

U.S. recently faced a series of ransomware attacks on critical infrastructure like the Colonial Pipeline, the city of Tulsa, and JBS, the worlds largest meat producer. Ransomware, a program that hackers use to hold digital information hostage, has become the top choice of malware for criminals. In 2020, the total amount of ransom paid by the victims reached nearly $350 million worth of cryptocurrency, most of them in bitcoin. So what led to the rise of ransomware in the U.S. and what makes it so difficult to fight? The May 7 ransomware attack on the Colonial Pipeline “is probably the most significant ransomware attack on one of our critical infrastructures ever,” said Rep. John Katko, R-N.Y. And shortly after the pipeline was hit, the U.S. faced more ransomware attacks — targeting cities, ferries and even a meat plant. “Although ransomware has really been around since 2013, it has not yet been seriously taken in terms of something that could impact critical infrastructure,” said Vanessa Pegueros, chief trust and security officer at OneLogin. Ransomware, a program that hackers use to hold digital information hostage, has become the top choice of malware for criminals in recent years. In 2020, the total amount of ransom paid by victims reached nearly $350 million worth of cryptocurrency, a 311% increase compared with the previous year, according to Chainalysis. “Over the last two years, it’s well into the millions, hundreds of millions of dollars from victims that we’ve com

Published 2021-06-09 · Watch on YouTube ↗
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