California - Silicon Valley Bank (SVB), https://svb.com, a lender that was a fixture in the venture capital space for decades, collapsed on 10 March 2023. The California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The trouble started on 08 March 2023 after SVB suddenly announced a plan to raise billions in capital to cover big losses. It set off widespread panic among investors and the tech founders they backed. Shares of the company fell b
massachusetts (2)
A Massachusetts utility company power station was attacked by ransomware recently, and the company refused to meet attackers' ransom payment demands. The Reading Municipal Light Department (RMLD) was targeted on 21 February 2020 by cyber-criminals trying to extort money by encrypting data in the station's computer system. Unfortunately for them, management opted to hire an outside cyber threat consultant to help them deal with the ransomware infection instead of paying for the return of their
