When Mead & Hunt adopted Panzura’s cloud-based file system, the firm hadn’t realized that the system would create a powerful combo with Microsoft cybersecurity capabilities.
A cryptocurrency-tracking firm said in an analysis published Thursday it observed a huge increase in ransom payments: $602 million in payments in 2021 and $692 million in 2020.
Hackers rush to exploit the vulnerability to steal data, deploy ransomware, install back doors, create botnets, mine cryptocurrencies, and conduct other illegal activities.
Several revealing findings are outlined in a cache of disclosures made to the U.S. Securities and Exchange Commission by Frances Haugen, a former Facebook product manager, and provided to Congress in redacted form by her legal counsel.