Blogs

Cyber crime – also known as “cyber espionage,” “cyber terrorism,” and even “cyber warfare” – is a severe problem that can have numerous, significant impacts on countries worldwide.

The way the internet is organised is undergoing a considerable transformation. There is a shift in the internet’s architecture from a read/write model to a newer model known as Web3.0. With Web3.0, users and the community take ownership of the internet instead of large and centralised corporations. Growing anti-big tech sentiment and concerns about big tech’s ability to develop egalitarian platforms that behave in the best interests of their communities have contributed to its emergence.

Russia has been hotly criticised for its brutal and aggressive display of power in Ukraine. The methods hackers use to fight against Russia can be seen through their government’s response to the cyber attacks and leaks.

Businesses all over the world are increasingly worried about cyber attacks. Russia has been particularly aggressive in its cyber warfare, targeting Ukraine in several attacks. It is believed that they were behind the infamous NotPetya attack in 2017, which caused billions of dollars in damage worldwide. They have also been linked to several more minor attacks, such as the one on the Ukrainian energy grid in 2015. Hackers tagged with the Sandworm alias are usually thought to operate for a military intelligence agency in Russia.

In our ever-evolving digital world, businesses are becoming increasingly vulnerable to cyber attacks. In fact, 40% of UK businesses will experience an attack or breach this year, with £3.5m being the average cost of a breach in 2021. Therefore, it is imperative for your business to regularly test its security level and detect any vulnerabilities in your systems – our partner, Fact3, has done just that.