Cybersecurity in 2020 will be evolutionary but not revolutionary. Although there is always change and churn, much of the foundational drivers remain relatively stable. Attacks in the next 12 months are likely to persist in ways already known but taking it up-a-notch and that will lead to a steady escalation between attackers… Read More
Author: Matthew Rosenquist
10 Areas of Change in Cybersecurity for 2020
Preventing a Product Security Crisis
The video conference company Zoom has skyrocketed to new heights and plummeted to new lows in the past few weeks. It is one of the handful of communications applications that is perfectly suited to a world beset by quarantine actions, yet has fallen far from grace because of poor security, privacy, and transparency. Governments,… Read More
There is No Easy Fix to AI Privacy Problems
Artificial intelligence – more specifically, the machine learning (ML) subset of AI – has a number of privacy problems.
Not only does ML require vast amounts of data for the training process, but the derived system is also provided with access to even greater volumes of data as part of the inference processing while in operation. … Read More
Cryptocurrency Fraud Reached $4.3 Billion in 2019
Cryptocurrency fraud is aggressively on the rise and topped over $4 billion last year, according to the security tracking company Chainalysis.
This is especially shocking to those who thought they had found an incredible investment in the cryptocurrency world, yet were swindled out of everything. As part of these cryptocurrency… Read More
Banks are Developing Digital Currencies and Opening Themselves to Cyber Risk!
Cybersecurity will be hard pressed to take on the new challenges of bank managed digital currencies.
Banks are developing their own digital currencies. The introduction of Central Bank Digital Currencies (CBDC) is the beginning of an interesting trend that will change the cybersecurity dynamic for banking as it opens up an … Read More
Digital Retaliation of Iran – Top 6 Likely Cyber Attacks
The United States and allies’ national cyber response may soon be tested with the latest escalating conflict in the middle east. The U.S. conducted an airstrike that killed a revered Iranian general while in Iraq. This was in retaliation to a number of attacks against U.S. personnel and most recently the U.S. embassy in… Read More
Cryptocurrency Exchange Hacks are on the Rise
Seven major cryptocurrency exchanges were victimized in 2019, totaling over $160 million in financial theft. As predicted, cybercriminal hackers targeted crypto exchanges in 2019 and the trend will continue into 2020.
Crypto exchanges are relatively new, as compared to those in the traditional financial markets. It is
Criminals Luring in Bitcoin Sellers to Launder Money
Cybercriminals are luring in bitcoin holders with the promise of easy money if they become a mule to convert stolen assets into clean currency. The reality is these volunteers will just join the ranks of other victims. But that is not stopping people from joining up to replace other mules who have paid the price.
Criminals are selling… Read More
Major Drone Attack Against Global Oil Production Showcases Weak Cybersecurity Thinking
Drones attacked an oil processing facility last week and shut down half of all Saudi capacity, representing about 5% of the world’s daily oil production. We have seen how a botnet of compromised home appliances can take down a sizeable chunk of the internet, control structures of electricity and other critical infrastructures… Read More
NATO’s Collective Defense for Cyber Attack Remains Fragile
The Secretary-General of NATO, Jens Stoltenberg, stated all 29 member countries would respond to a serious cyberattack against any of the nations in the coalition. The pressing question is will NATO work together with combined forces when one of the members is attacked in an asymmetrical manner with digital technology?
When… Read More
The Data Crisis is Unfolding – Are We Ready?