Cybersecurity » Data Security Demands May Lead To Cryptocurrency Ban

Data Security Demands May Lead To Cryptocurrency Ban

Ransomware computer virus concept, hacker with monitor screen. Internet and cyber security concept

Predicting the future is always an iffy proposition, writes Tara Seals, in Threatpost. Nevertheless, she gives it a try, forecasting evolving business models for cybercriminals who will become bolder and target a broader range of industries in 2021. They will still concentrate on the low-hanging fruit, but she expects more targeted attacks against both companies and industries that have not previously considered themselves at high risk. “This includes any organization outside the top five: Financial services, government, healthcare, higher education or the energy sector.” Ransomware will remain a big part of the attacker’s portfolio, but cybercriminals will continue to “add value” by stealing data before they encrypt it. This will be an increasingly big concern in healthcare, where attackers can use stolen patient records to blackmail patients by threatening to release medical histories. She also foresees a rough year for cryptocurrency, with legislation seeking to control, and possibly ban its use. On the bright side, evolving business models may make cybercriminals easier targets for law enforcement.

Read full article at:

Get our free daily newsletter

Subscribe for the latest news and business legal developments.

Read this next

Top 100 Litigator Sues Blue Cross Over His Cancer Treatment

In 2018, Robert Salim, 67, realized he was seriously ill. After numerous […]

Eight States Now Require Pay Transparency in Job Postings

Financial Industry Suing to Foil New Regulations

New rules aimed at lenders, investment funds, and other financial entities would […]

Regulatory Burden Factors Into AI Decision

GC Must Warn Boards Of AI Risks

There are companies investing hundreds of millions of dollars or more into […]

Scroll to Top