2021's Most Consequential Cyberattacks So Far

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Cyberattacks and ransomware have become some of the largest threats for companies, organizations, and individuals. 

The FBI's annual report on cybercrime illustrates more than double the reports of crimes from 2016 to 2020 with a rate of loss up 180% to $4.2 billion.

Just in the first half of 2021, the computers of major companies have been hacked including those of Microsoft,  (MSFT) - Get Report, CNA Financial,  (CNA) - Get Report, Electronic Arts,  (EA, ) - Get Reportand Colonial Pipeline Co. which disrupted fuel supply for the eastern U.S.

The latest attack on the July 4th weekend was yet another ransomware attack believed to have been perpetrated by the hacker group REvil demanding a record $70 million to unlock over one million computers using Kaseya's software affecting hundreds of companies. 

The topic of cybersecurity has been a subject of urgent discussion at the recent summit of U.S. President Biden and Russian President Putin in addition to the G7 talks and hearings conducted by the U.S. Senate. In his press conference following the Biden-Putin Summit, President Biden stated, "Responsible countries need to take action against criminals that conduct ransomware activities on their territory."

Though most cybercrime is perpetrated by criminals rather than nation-states, the U.S. experiences the most cyberattacks of any nation in the world and according to a study by Akamai, the top nations from where the most attacks originate are:

  1. China
  2. U.S.
  3. Turkey
  4. Russia

Editor's note: This video was first published on June 17, 2021. It has been updated to include the most recent attack.

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