The Price of Poor Cyber Security: How to Lose $373 Million in 30 Minutes One Year Anniversary of Massive Cyber Attack in Ukraine Сyber terrorism is a real threat to the modern society, which is able to affect not only one single entity, but an entire country. The massive attack, which took place in Ukraine on 27th of June 2017, shocked IT world: virus, known as Petya.A or MBR Locker 256, partly restrained work of the government institutions and major companies for a few days. Which companies was affected? Ukrainian infrastructure was......
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The vulnerability of boardroom technology was recently highlighted by Rapid7’s Mike Tuchen and HD Moore. They demonstrated how easy it was to hack into the boardrooms of many large organizations. These included leading oil and pharmaceutical companies, venture capital companies, law firms and even Goldman Sachs. They were able to quickly and fairly easily infiltrate their video conferencing systems and have full control and access of the cameras and audio. That is cause for major concern. To put the issue into perspective, they found more than 5000 vulnerable boardrooms in less than......
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Society has become increasingly technology dependent. How many people do you know who have a smart phone or wear some sort of fitness tracker like a FitBit? Most of these devices collect, store, and provide data through internet connections. Unfortunately, this happens all too often without you necessarily knowing it. In addition, many of these devices lack basic online safety measures, which makes them susceptible to hacking. This lack of security leaves individuals increasingly vulnerable to cyber threats. Here are several threats to keep an eye on for 2018 as they related......
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The reliance on the internet and the growing technology trend has given rise to vulnerabilities not previously seen. Cyber thieves are evolving and becoming more and more capable of exploits those weaknesses. Since a majority of individuals have valuable personal data online in any number of places, the internet has become a treasure trove to would be hackers looking to steal your information. That is where the concept of blockchain could help bolster cyber security options. Blockchain is simply a decentralized digital ledger of all cryptocurrency online transactions. The blockchain technology enables......
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Internet connected devices, also known as “Internet of Things” (IoT) devices are all running at risk for security breaches and hacking. During last year’s massive cyberattack on Dyn’s domain, society was woken up to a disturbing truth that all of our regular IoT devices, such as home security units and other Internet connected appliances, are vulnerable for potential hacking. What Are IoTs? Internet routers, DVR’s and security cameras are all IoT devices that can be hacked or used by bad actors to gain valuable information. While this criminal activity have been known......
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How the Breach Occurred: Anthem Inc. is the second largest health insurance company in the United States, and according to their own metrics, one out of nine Americans have medical coverage through their affiliated plans. The company disclosed the breach on February 4, 2015 where they revealed that the hackers had gained information on both current and former members of the company, including names, birthdays, social security numbers and addresses, and there might have been a chance that 80 million records were exposed to the cyber attack. The Associated Press reported that......
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Cyberattacks continue to grow stronger and appears more frequently across the globe. In 2016, the Domain Name System (DNS) provider Dyn became one of the most recent targets of cybercrime, as their servers suffered from an DDoS attack unprecedented from anything that has been seen before. The attack was made up from a botnet of different “Internet of Things” (IoT) devices, including smart TVs, DVRs and cameras, which resulted in customers being unable to access their Amazon, Twitter and Spotify accounts, among other websites. No one is certain who the bad actors......
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Cyberwars continue to escalate by the moment, leaving individuals, governments and global enterprises at risk for hacking and unprecedented cyberattacks. According to the Global Risks Report made by the World Economic Forum, the cyberattacks of 2016 cost the global economy $445 billion, which was more than the market cap of large online corporations such as Amazon and Facebook. This includes the devastating hacking that was made to the Democratic National Committee during the 2016 Presidential Election. A new reality has dawned worldwide upon individuals, governments and corporations being vulnerable to new and......
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The security firm Herjavec Group recently sponsored a Cybersecurity Ventures report which revealed that the global cybersecurity defense costs will exceed by $6 trillion by the year of 2021. The cost is going to be more than double of the annual cybercrime costs of 2015, where the healthcare industry topped the list of industries that suffered the most from cyberattacks, followed by manufacturing and financial services. It also be worth mentioning that the Cybersecurity Ventures report may even be understated due to that it doesn’t include other vital factors, such as the......
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The past summer included several large health data breaches, with the majority of them stemming from cybersecurity attacks and unauthorized online access. While the summer of 2016 is quickly coming to an end, covered entities and their business associates cannot ease up on their data security measures. If the past three months have been any indication, large health data breaches are not about to cease anytime soon. Between June 1, 2016 and August 31, 2016, the Office for Civil Rights (OCR) shows that the majority of reported incidents were classified as......
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