Tag Archive for: Opportunity

Decoding Cuba Ransomware: An opportunity for next-gen data governance


BlackBerry’s recent post on the Cuba ransomware group paints a vivid picture of the cybersecurity scene, replete with challenges, yet ripe with opportunities. While threat actors such as Cuba demonstrate remarkable adaptability, they unwittingly underscore the indispensable need for robust data governance.

Modern cyber threat actors, as evident from the operations of the Cuba ransomware group, have refined their strategies into an art form that seamlessly melds the old with the new, the tried with the avant-garde. When dissecting the potency of tools like BUGHATCH and BURNTCIGAR in tandem with their more contemporary brethren, we see the duality that characterizes contemporary cyberattacks.

The synthesis of established techniques with nascent tactics is not haphazard: it results from meticulous orchestration. These hackers create a dangerous combination by taking advantage of known software problems, like the one in Veeam. They seek to cripple organizations both in terms of data access and operational functionality. The outcome? Enterprises caught off-guard, struggling to retrieve their data, and grappling with downtime, often find themselves in a cyber quagmire, battling both loss of trust and financial repercussions.

But the narrative doesn’t end there. With every move the threat actors make, they also unintentionally expose facets of their operational psyche. For instance, the decision to circumvent Russian-configured systems isn’t just a mere tactical choice. It’s a window into their risk calculus, possibly hinting at geographical affiliations or a deliberate bid to avoid specific geopolitical entanglements. Similarly, linguistic missteps aren’t just errors, they’re breadcrumbs that when pieced together can lead us to just what these threat actors are trying to do.

For astute organizations, these are more than just isolated incidents: they’re invaluable insights, fragments of a larger puzzle. By harnessing the power of digital forensics, companies can trace the lineage of an attack, dissect its trajectory, understand its origin, and predict potential future vectors. Coupled with robust threat intelligence, this twin-pronged strategy transforms seemingly innocuous clues into…

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Check out Episode 8 of The Cybersecurity and Geopolitical Podcast — China’s Role in Cybersecurity: Opportunity, Manufacturer or Threat?


Check out Episode 8 of The Cybersecurity and Geopolitical Podcast — China’s Role in Cybersecurity: Opportunity, Manufacturer or Threat? | Security Magazine




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Massive Opportunity Going Into 2022


When you compare the performance of cyber security ETFs to their technology heavyweights like Invesco QQQ ETF (QQQ) or the Technology Select Sector SPDR ETF (XLK), it becomes evident that Wall Street is probably underestimating the potential of the cybersecurity industry in 2022. For the sake of this comparison, I considered the ETFMG Prime Cyber Security ETF (HACK) and iShares Cybersecurity and Tech ETF (IHAK) as shown below, but there are others too.

The above charts show that both the two cybersecurity ETFs have underperformed their technology peers by more than 20%, despite holding stocks that are active in the fight against network malware and computer viruses, similarly to biotechs like BioNTech (NASDAQ:BNTX) and Moderna (NASDAQ:MRNA) producing cures to address the coronavirus threat.

Now, antivirus companies have been around for years, even decades, but the problem is that the threat level has increased exponentially as from the end of 2020 when Microsoft’s (NASDAQ:MSFT) was hacked through the supply chains attack when hackers made use of SolarWinds(SWI)monitoring software. Moreover, as shown by the high degree of sophistication of the recent ransomware attacks impacting colonial pipeline where millions of dollars of ransom money had to be paid to attackers, there is the involvement of bad actors at the nation-state level.

This is synonymous with aggression against the U.S., thus prompting the Biden administration to come up with a Cybersecurity executive order in May literally “forcing” federal agencies to boost IT defenses. As a result, public institutions have started to increase related expenses.

As for private institutions, they are also at a higher degree of risk due to the rapid adoption of the cloud, with workloads now also residing on employees’ laptops at home, making them more vulnerable to hacking as they are less protected by centralized corporate firewalls. Hence, there are multiple threat vectors facing CIOs, with many large enterprises reassessing their approach to cybersecurity altogether.

Hence relative underperformance in 2021 and an escalated threat landscape have created a massive opportunity for well-positioned cyber security vendors with the…

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Internet of Things (IoT) Security Technology Market 2021 Growth Drivers, Investment Opportunity and Product Developments 2027


New Jersey, United States,- A recently published report entitled ”(Internet of Things (IoT) Security Technology Market)” by Market Research Intellect highlights industry dynamics and current and future trends that play a key role in determining the company’s expansion. The report also highlights key drivers and constraints impacting growth. For a comprehensive understanding, professionals examined the regulatory scenario, market entry strategies, industry best practices, pricing strategy, technology landscape, and consumer, sales, and demand prospects. Estimates of annual growth have also been included to provide users with accurate statistics and facts. This report will give readers a broader and transparent picture of the overall scenario.

Covid-19 impact outlook

This section of the report reveals the impact of the covid pandemic on businesses globally. The effect on manufacturing activities, production, demand, supply chain and logistics management and distribution networks was outlined in this report. Analysts highlighted the measures or strategies that companies are adopting to combat the impact of covid-19. In addition, they identified key opportunities that emerge after COVID-19. This will help players capitalize on opportunities to recoup losses and stabilize their business

Get | Download Sample Copy with TOC, Graphs & List of [email protected] https://www.marketresearchintellect.com/download-sample/?rid=269506

The Internet of Things (IoT) Security Technology market share report divides the market by volume and value, based on the leading manufacturer, application, product type and geography. The report gives an accurate analysis of Internet of Things (IoT) Security Technology products based on sales revenue, sales volume, price, cost and gross margin, which is useful for decisions to be made for the establishment of the industry.

The Internet of Things (IoT) Security Technology report was developed after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological and political status of the region in question. Analysts studied data on revenues, production and manufacturers in each region. This…

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