Hello and welcome to Business Daily with me, Sam Gruet, where today we're entering a criminal underworld

responsible for trillions of dollars in losses to the world economy.

It's a real problem. It's not overblown. There's no real deep understanding of just how

dangerous this can be. Cyber attacks have almost doubled since before the COVID-19 pandemic, according to official data.

There was a hundred-year-old organisation we dealt with, taken down by ransomware,

and they folded, and that costs hundreds of jobs.

That's people's lives taken offline because of this stuff.

But who's behind it? A notorious collective of young English-speaking hackers.

A network called Scattered Spider was behind the air.

What can organizations actually do to protect themselves?

I'm an ethical hacker. That means people hire me to hack them and understand how they're

vulnerable and how to stay safe. And how is artificial intelligence shaping it all? For me, artificial intelligence

is the game changer right now. And it's something that we and the marketplace has to address.

Is cybercrime the biggest threat to business. Coming up on Business Daily.

We start our mornings from, you know, taking coffee and going through the morning news.

Yagita Lapiente, chief editor at Cyber News, is describing a typical morning with a team of journalists.

We check who's been hit by ransomware gangs, what's been claimed on the dark web, right?

Things like that are very important for us.

We also check the open web for open databases and leaks because it's our mission to also make firms aware that

they are leaking data. So whenever it's possible, we actually try and help them to secure

the databases that they don't even know maybe sometimes that they are leaking.

She's been running the cyber newsroom in Lithuania for the last five years.

...