Cybersecurity Updates: Major Ransomware Attacks Thwarted and Illegal Marketplaces Shut Down

Listen to this episode from Cybersecurity Today on Spotify. In this episode, Jim Love discusses significant cybersecurity events including Coinbase's refusal to pay a $20 million ransom after a data breach, Broadcom's patch for VMware tools vulnerabilities, and Telegram's shutdown of two illegal marketplaces handling $35 billion in transactions. The episode also covers the Co-op’s preemptive measures to thwart a ransomware attack and the broader implications for cybersecurity in retail. Experts urge organizations to be prepared with strategic playbooks for potential cyber-attacks. 00:00 Introduction and Headlines 00:26 Telegram's $35 Billion Black Market Shutdown 01:59 Broadcom Patches VMware Tools Vulnerability 03:20 Coinbase Ransom Refusal and Data Breach 04:57 Co-op's Ransomware Defense Strategy 07:36 Conclusion and Upcoming Episodes