A number of financial institutions all over the world have taken steps to strengthen their own security systems after infrastructure following the global cyber-attack which affected a number of organizations worldwide.

Thousands of institutions around the world were subject to a series of "WannaCry" ransom attacks over the weekend (starting Friday, May 12), causing data to be encrypted with a claim for payment. The virus was a malicious program that affects smartphones and computers, encrypts and locks their data so that it cannot be accessed until payment is made.

US President Donald Trump has admitted that he spoke with Russian President Vladimir Putin about the prospect of forming a cybersecurity unit at the G20 summit which was held last week in Hamburg, Germany. The scrutiny over cybersecurity has intensified following the recent ransomware attack which destabilized hundreds of businesses and institutions like the NHS in the UK.

A US-based security start-up has announced that it has developed a 'mind-reading' AI application in a bid to combat the increasing threat posed by cybersecurity breaches. The number of ransomware attacks has occurred frequently in 2017 - with a number of high-profile enterprises and institutions falling foul of the dark arts performed by hackers.

Each year, Verizon issues its Data Breach Investigations Report (DBIR), providing a view into the current world of cybercrime. The report discusses what you need to know about the latest threats and tips for how to help protect yourself from becoming a victim of cybercrime.

The recent ransomware cyber-attack which targeted a series of large corporations and multinationals on a global scale has increased the focus on the issue of cybersecurity. India is home to an army of 'ethical hackers' who earn vast sums of money protecting foreign corporations and global technology leaders from cyber-attacks. However, at home in India these hackers are largely ignored - which poses the question is their unique skillset misunderstood or distrusted?