How much money can your business afford to lose if it becomes the victim of a cyber-attack?  If you think this question will never apply to your business, then think again. Twenty-three percent of small businesses and 43% of businesses overall were targeted by cyber-attacks in 2020, according to a study commissioned by specialist insurer Hiscox of businesses in the United States and seven other countries.  The average financial cost of cyber-attacks…

After a brief decline in 2019, phishing attacks spiked again in 2020. Last year, they were so prevalent that one in every 4,200 emails was a phishing scam. Businesses lost approximately $17,700 every minute due to a phishing attack. Research from the FBI’s Internet Crime Complaint Center found that phishing (including vishing, SMiShing, and pharming) was one of the biggest cyber threats,…

The United States of America would never have existed (at least not in the way we know it) if not for the contributions of a small group of visionaries we know as the Founding Fathers. These men – John Adams, Benjamin Franklin, Alexander Hamilton, John Jay, Thomas Jefferson, James Madison, George Washington, and a host…

It’s said that crime rises in times of social and economic upheaval, and this is certainly the case for cybercrime. In a 2020 survey by VMware Carbon Black, 90% of security professionals reported an increase in the volume of cyberattacks and 80% said attacks had become more sophisticated. A recent study by Cybersecurity Ventures concluded…

As cyber-attacks have become more frequent and complex, there has been a surge in the number of Security Operations Center SOC platforms specializing in threat hunting and incident response.  The SOC market is projected to grow from $471 million in 2020 to $1.656 billion by 2025, at a compound annual growth rate of 28.6% during…

Background Earlier this month, Colonial Pipeline — the largest pipeline system for refined oil production in the U.S. — suffered a ransomware attack that resulted in the closure of one of the largest U.S. pipelines. As a result of the attack, the pipeline operator was forced to temporarily halt all pipeline operations resulting in massive…