Monday November 15, 2021
I've Been Thinking:

Israel and the United States have agreed to work together to combat ransomware. They will work together and share material on cybersecurity and especially, on fintech.

Ransomware is a cyber-hack. In most cases of ransomware, the hacker blocks your system until you pay a ransom that unlock your computer. Another form of ransomware occurs when an attacker takes private details and threatens to publish them unless a ransom is paid.

These are serious security risks for companies, corporations, institutions and for agencies. If you recall, not too long ago the largest oil pipeline in the United States was hacked and as a result, oil delivery in the US was halted for several days.

Fintech, a compound word combining financial and technology fields, is one of the most dangerous of all cybersecurity platforms.

Fintech needs bolstering and constant protection. If a financial market is hit through a cyberattack, it could cripple the country’s economy. Both Israel and the United States are aware of the magnitude of the problem and will work together to make sure it does not happen to them.

Joining forces is critically important in the effort to protect all of us from the growing dangers of cyberattacks.

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