cybersecurity attack

As at Oct 15, the group is not aware of any external leakage of data. Photo: Bloomberg

As ransomware attacks continue to pose severe operational, financial, and reputational risks to businesses, cybersecurity is no longer an afterthought but a necessity.

Investigations of the incident are currently ongoing.

Affected parties will be contacted on June 7.

Disinformation costs companies US$78 billion ($106.3 billion) in annual losses in the US alone.

The Justice Department said that Egor Igorevich Kriuchkov, 27, a Russian national, was arrested and charged with conspiracy to intentionally cause damage to a protected computer by trying to recruit an employee to introduce a malware into a system.