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South African telecom provider Cell C disclosed a data breach following a cyberattack

Security Affairs

The company founded in 2001 offers prepaid and postpaid mobile plans, data bundles and internet services, fiber broadband, roaming and international calling, SIM-only plans and device deals. The ransomware group has since leaked the stolen data on its dark web leak site. Backups are insufficient; IPS is recommended for protection.

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Ransomware attack on New York Law Department

CyberSecurity Insiders

And sources confirm that the disruption was caused by file-encrypting malware i.e. ransomware and it might take some time for the department to pull back the operations to normalcy. And authorities state that the backup and recovery process of information could take days or weeks under present circumstances.

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Email Provider VFEmail Suffers ‘Catastrophic’ Hack

Krebs on Security

Email provider VFEmail has suffered what the company is calling “catastrophic destruction” at the hands of an as-yet unknown intruder who trashed all of the company’s primary and backup data in the United States. Founded in 2001 and based in Milwaukee, Wisc., Every file server is lost, every backup server is lost.

Hacking 277
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Steel sheet giant Hoa Sen Group hacked by Maze ransomware operators

Security Affairs

Experts at threat intelligence firm Cyble came across a post published by Maze ransomware operators claiming to have breached the steel sheet giant Hoa Sen Group. The Hoa Sen Group (HSG) was founded in the year 2001, it has 7,100 employees across all its 343 companies and has been earning annual revenue of around $1.18

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It’s not ‘See you later.’ It’s ‘Goodbye’: Moving on from Tokenization in the age of Ransomware

CyberSecurity Insiders

Tokenization was invented a little over twenty years ago in 2001 to address the risk of losing cardholder data from eCommerce platforms. It does not matter that the victims have their backup and recovery systems in order. In fact, the average cost of a ransomware attack in 2021 is $1.85 Encryption-in-use, a.k.a. We will see.

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Encryption: How It Works, Types, and the Quantum Future

eSecurity Planet

Financial institutions in the 1990s and 2000s were some of the first to incorporate encryption to protect online transactions, particularly as backup tapes were lost in transit. Read more on the latest threat actors’ techniques with How Ransomware Uses Encryption – and Evolves. Symmetric Encryption vs Asymmetric Encryption.

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What Is Encryption? Definition, How it Works, & Examples

eSecurity Planet

AES or the Advanced Encryption Standard was adopted in 2001 by the US National Institute of Standards and Testing (NIST) as the standard for symmetric encryption. Second, encryption key rotation can render data stored in backups or on removable media inaccessible. Currently, the top four algorithms include AES, Blowfish, ECC, and RSA.