Monday, June 7, 2021

g-f(2)310 The big picture of the digital age (6/7/2021), WSJ, FBI Director Compares Ransomware Challenge to 9/11.


VIRAL KNOWLEDGE: The “genioux facts” knowledge news




Extra-condensed knowledge


  • Christopher Wray points to Russian hackers, calls for coordinated fight across U.S. society.


ULTRA-condensed knowledge


Alert, Ransomware a top national-security priority, WSJ, Media
  • FBI Director Compares Ransomware Challenge to 9/11!
Lesson learned, Ransomware is generally paid for with digital currency
  • Ransomware is a type of malicious computer code that locks up a victim network’s files that hackers use to demand payment for their release, typically with digital currency such as bitcoin.
Alert, 100 types of ransomware the FBI is investigating
  • The most prominent recent ransomware hacks represent only a fraction of the some 100 types of ransomware the FBI is investigating. 
Warning, Ransomware incidents have tripled in the past year
  • This week, hackers held hostage the world’s largest meat processor, just weeks after the operator of an essential pipeline bringing gasoline to parts of the East Coast paid about $4.4 million to regain control of its operations and restore service.
Alert, The cost at hundreds of millions or billions of dollars annually
  • While private-sector estimates of the toll to the U.S. economy vary, companies that track ransomware generally put the cost at hundreds of millions or billions of dollars annually and say it is rapidly increasing.

Genioux knowledge fact condensed as an image


Condensed knowledge



Lesson learned, Ransomware is generally paid for with digital currency
  • Ransomware is a type of malicious computer code that locks up a victim network’s files that hackers use to demand payment for their release, typically with digital currency such as bitcoin.
Alert, 100 types of ransomware the FBI is investigating
  • The most prominent recent ransomware hacks represent only a fraction of the some 100 types of ransomware the FBI is investigating. 
Warning, Ransomware incidents have tripled in the past year
  • This week, hackers held hostage the world’s largest meat processor, just weeks after the operator of an essential pipeline bringing gasoline to parts of the East Coast paid about $4.4 million to regain control of its operations and restore service.
Alert, The cost at hundreds of millions or billions of dollars annually
  • While private-sector estimates of the toll to the U.S. economy vary, companies that track ransomware generally put the cost at hundreds of millions or billions of dollars annually and say it is rapidly increasing.


Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from WSJ]

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Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact". 

  • Inherited from sources + Supported by the knowledge of one or more experts.


Authors of the genioux fact

Fernando Machuca


References




ABOUT THE AUTHORS


The Wall Street Journal 
Cover the Justice Department for @WSJ


Reporter, The Wall Street Journal.

Dustin Volz covers cybersecurity and intelligence for The Wall Street Journal and is based in Washington, D.C. He came to the Journal from Reuters, where he wrote about cyber conflict, government surveillance and Russian election-related hacking. Dustin also has covered tech policy at National Journal, reported from Germany and the Dominican Republic, and spent a year in Indonesia as a Fulbright teaching assistant.


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