Consulting firms stepping up to build stronger cyber armour for businesses

Cyber threats, especially ransomware, have spiked in the past 12-18 months largely due to the highly digitised post-pandemic economy. Some experts have pegged the rise at 38% over pre-pandemic levels

An Indian logistics company recently found that 400 of its servers had stopped working. While it did not take the firm long to realise it was a victim of a cyberattack, the warning that went unnoticed was sent over three weeks ago on email. The hacker, claiming to have stolen all data and taken control of its systems, wanted a ransom of 25 Bitcoins (worth roughly $420,000). The company swung into damage control mode by engaging the best minds in forensic cybersecurity.

Despite isolating its systems, there was still some information that remained irretrievable. Finding itself in a corner, the