Ransomware, a malicious software designed to block access to data and IT systems, remains a persistent threat for companies worldwide, often resulting in significant financial losses and even bankruptcy. Its modus operandi typically involves encrypting data or slowing down systems
Imagine this: you arrive at work only to find a chilling message plastered across your computer screen. All your data – customer records, financial documents, everything – is locked away, encrypted by malicious software. This isn’t science fiction; it’s
Written by: Tim Maurer | c.2023 Harvard Business Review On May 7, 2021, a fateful Friday morning, Colonial Pipeline, the company running a critical fuel supply conduit for the eastern United States, experienced a ransomware attack. Unknown to the
In the words of the ancient Chinese military strategist Sun Tzu, “The greatest victory is that which requires no battle.” While this wisdom resonates profoundly, in the realm of cybersecurity it is imperative to recognize that, some battles will indeed,
Jamaica is confronting an increasingly perilous cyber landscape as local companies bear the brunt of relentless cyberattacks. Recent incidents involving the Financial Services Commission (FSC), an institution responsible for overseeing Jamaica’s financial sector, and Derrimon Trading, a well-established supermarket chain
Written by: Dustin Updyke | Published by: c.2023 Harvard Business School Publishing Corp. In the movie “Any Given Sunday,” Al Pacino gives a memorable speech to his losing football team. The speech highlights a critical lesson for teams:
Written by: Tomas Chamorro-Premuzic | Published by: c.2023 Harvard Business School Publishing Corp. The impact of cybercrime is expected to reach $10 trillion in 2023, surpassing the GDP of all countries in the world except the U.S. and China.
Adam Isles | c.2023 Harvard Business Review Recent research indicates that organizations with 10,000 or more employees typically maintain almost 100 security tools. And yet, well-established global companies continue to be victimized by cyber attacks. For example, payments-processor NCR
Written by: Thomas P. Vartanian | Published by: c.2023 Harvard Business School Publishing Corp. Government officials in the U.S. and the U.K. have taken victory laps after reporting a 15% reduction in ransomware attacks. Ironically, as both governments issued
Author: Jim Chilton | c.2023 Harvard Business School Publishing Corp. When OpenAI launched its revolutionary artificial intelligence language model ChatGPT in November 2022, millions of users were floored by its capabilities. For many, however, curiosity quickly gave way to
