- June 30, 2021
- Posted by: Stratford Team
- Category: Business
We discuss the steps businesses can take to improve their corporate cybersecurity in China, including conducting a cyber risk assessment and implementing organization-wide best practices.
In March 2021, journalists reported that a group of China-based hackers known as Hafnium had compromised hundreds of thousands of Microsoft email servers. This hack affected personal users, small and medium-sized enterprises (SMEs), and other organizations, such as hospitals and government agencies, leaving their data exposed.
Two months later, in May, a group of Eastern Europe-based hackers called Darkside attacked Colonial Pipeline with ransomware, resulting in a major weeklong fuel disruption to the US. Colonial Pipeline, which supplies half of the US East Coast’s gasoline; they paid the hackers US$4.4 million worth of bitcoin to end the attack.
These two high profile hacking attacks reflect the increasing importance of corporate cybersecurity – an issue that…