The Heat: Global impact of ransomware attacks

The Heat

Over the last few months, there have been a number of ransomware attacks on businesses and infrastructure. In May, a critical U.S. oil pipeline was targeted – forcing the company to temporarily shut down operations. That led to panic buying and a fuel shortage in the Northeast United States. In June, a U.S. meat company was forced to pay $11 million dollars to resume its operations after cyber-criminals took its plant offline. And in July, hundreds of supermarkets in Sweden that rely on software from a U.S. company were forced to close because a cyber-attack crippled cash registers.

Joining the discussion:

  • James Sung is the Chief Strategist at Zocus Strategic Marketing.
  • Einar Tangen is a political and economic affairs commentator.
  • Klisman Murati is the Founder and CEO of Pangaea Wire Group and a global geopolitical adviser.
  • Dan Ives is the Managing Director and Senior Equity Research Analyst covering the technology sector at Wedbush Securities.

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