Stryker hack shows cyber intelligence is more important than ever

"On the morning of 11 March, employees at Stryker, one of the world's largest medical device companies, watched their phones and laptops go blank. An Iran-linked hacking group called Handala quickly claimed responsibility, saying the cyber-attack was retaliation for US military strikes on Iran. The fact that the devices of a major conglomerate with over 50,000 employees can be wiped back to factory settings demonstrates just how easily an attack like this can happen."

"It also shows that cyber security must become a priority for businesses and governments alike, as threats can come from anywhere, at any time. The Stryker cyber-attack is just one recent example. By 2031, ransomware attacks on governments, businesses, consumers, and devices will occur every two seconds."

"Worryingly, according to the former US Deputy National Security Advisor for cyber and emerging technologies, the annual average cost of cybercrime will cross $23 trillion in 2027. The numbers are astounding yet many think that it is just big tech and conglomerates that are targeted by cybercriminals. They could not be more wrong."

"At its core, it is the collection, analysis and management of information related to digital threats. Instead of reacting when something goes wrong, cyber intelligence helps organizations anticipate attacks and build stronger cyber defenses. In practice, this means organizations will be more likely to detect cyber th"

On 11 March, employees at Stryker saw phones and laptops go blank after a cyber-attack. An Iran-linked hacking group, Handala, claimed responsibility and said the attack was retaliation for US military strikes on Iran. The ability to wipe devices back to factory settings shows how easily such attacks can occur. Cyber security must become a priority for businesses and governments because threats can come from anywhere and at any time. Ransomware attacks are projected to occur every two seconds by 2031, and cybercrime costs are expected to exceed $23 trillion annually by 2027. UK businesses and charities report frequent breaches, and government systems are also targeted. Cyber intelligence supports collecting, analyzing, and managing threat information to anticipate attacks and strengthen defenses.

Read at Business Matters