The City of Flint, Michigan, was hit by a ransomware attack on August 14, 2024, that disrupted its network and internet service. The attackers demanded a ransom to restore the system, but the city refused to pay. The FBI and the Attorney General's Office are investigating the incident, while the city's IT department is working with cyber security experts to recover the data and restore the service.

In recent years, ransomware attacks have become an increasingly severe threat to businesses of all sizes, as they find themselves in the crosshairs of cybercriminals. The latest Joint Cybersecurity Advisory report on “RansomHub ransomware,” a ransomware-as-a-service variant, underscores the urgency to prioritize cybersecurity measures.

Artificial Intelligence (AI) is transforming industries, offering unprecedented opportunities for innovation and efficiency. With these advancements, companies need to focus and understand the risks that come with AI when applied to their business. Recently, MIT teamed up with global organizations to develop an AI Risk Repository, a dynamic database containing 777 risks from 43 taxonomies.