Governance, Risk & Compliance

A dramatic increase in cyber crime and growing corporate accountability for related loss means the battle to protect a company’s digital assets is about to become an intensely personal one for Australia’s corporate custodians. Manuel Salazar from Orro explores.

A couple of weeks ago, news came out that a large pipeline operator in the US, Colonial Pipeline, was breached and infected by ransomware. Their systems were taken offline by an attack that encrypted all their data and demanded a ransom for it to be unlocked.