"Ransomware Attack on Sheep Farmers Reinforces Need for Diverse Cyber Defenses"

The IT company, Talman Software, faced a ransomware attack that severely affected wool sales as the firm processes more than 75 percent of wool sales in Australia and New Zealand. This incident further highlights how cyberattacks can impact the economy as well as the need to bolster cyber defenses. It has been recommended that companies avoid relying on specific technologies to operate and to diversify their defenses in order to improve their resiliency against cyberattacks. This article continues to discuss the ransomware attack that led to the severe disruption of wool sales, how companies could improve their resiliency, the impact of cyberattacks on economic welfare, and the need for more government assistance to prevent future attacks.

SmartCompany reports "Ransomware Attack on Sheep Farmers Reinforces Need for Diverse Cyber Defenses"