Earlier this year, a supply chain attack targeted at Solarwinds customers rocked the cybersecurity industry, implicating big tech as well as numerous government agencies. Nobelium, the Russian-based actor behind this attack, is now targeting various is cloud, and IT services providers in a large-scale campaign. As with the Solarwinds hack, the ongoing aim is to infiltrate the systems of high-profile downstream customers of these services. 

On November 4th, the U.S. government announced a reward of up to $10 million for any information that could lead to the identification or location of anyone with a leadership position within the Darkside ransomware group, which the FBI believes to be based in Russia. The authorities are also offering an additional $5 million for the identification of people from any country who are trying to participate in any way in a Darkside-organized ransomware attack. The FBI said that Darkside was responsible for the May attacks on the Colonial Pipeline, which led to spikes in gas prices and fuel shortages in the American Southeast. 

The rise of the internet has encouraged companies’ rapid adoption of technology. That results in the simplification of online transactions. Nonetheless, as the world becomes more digitalized, the frequency of cyberattacks is growing, which is pretty alarming.  Many enterprises seem not entirely prepared to handle information technology security and deal with the growth of cybersecurity threats risks that dampen their company operations. These cyber-threats may negatively influence any industry because they can compromise critical data and cause operations to be disrupted. When this happens, it will result in negative repercussions.