According to a recent report from Coveware, a ransomware negotiation firm, there's a notable decline in the number of ransomware victims choosing to pay up. With growing opportunities to protect your organization’s digital presence and tighter budgets: why get forced to pay at all? The Downward Trend in Ransomware Response In early 2019, 85% of organizations hit by ... View Post
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Coming Soon: Cyber Resilience Regulations as Canada initiates New Corporate Surveillance Program
How DNS Security Protects Privacy, Autonomy, and Profit In a move that raises concerns for private corporations, the Canadian Centre for Cyber Security has taken initiative to begin blurring the lines between national security and regulatory overreach. This is occurring against the backdrop of Canada's incoming Bill-26 (the "Cyber-security Bill"), which we wrote ... View Post
How to Prevent Crypto Wallet Drains: $300 Million Stolen in 2023
According to ScamSniffer, a staggering $300 million was siphoned off from crypto wallets in 2023. It marks a significant rise in cyber crime with the anticipation of rising prices due to the upcoming Bitcoin halving event and Spot Bitcoin ETFs. The surge in crypto wallet losses due to phishing scams and wallet drainers has proven that despite innovations using ... View Post
China vs. the CIA: Digital Potshots Ramp Up Cyber Threats for Private Organizations
“China’s cyber pursuits and its industry’s export of related technologies increase the threats of aggressive cyber operations against the U.S. homeland. . . “ - The US Office of the Director of National Intelligence’s 2023 Annual Threat Assessment International espionage, digital warfare, and cyber threats for private corporations on the periphery… It’s all ... View Post
Case Study: Lessons on Enhancing Cybersecurity from Velodrome’s DNS Attack
On November 22nd, Velodrome fell victim to a DNS attack, a type of cyber assault that targets the Domain Name System, the backbone of internet navigation. The attackers executed a well-planned social engineering scheme to gain control over Velodrome's domain names, leading to an estimated loss of up to $250,000. The attack not only resulted in financial damages but ... View Post
2023 CyberThreat Report: Why Email-based Phishing Attacks Surged 464% (and what to do about it)
The first half of 2023 has seen a startling increase in cyber threats, with email-based phishing attacks leading the charge, surging by an unprecedented 464% compared to the previous year. Not only have these attacks become more frequent, but they have also grown in complexity and sophistication. The reason? A rapidly evolving landscape in which AI technologies are ... View Post