In the wake of the Russian military invasion of Ukraine, fear of cyberwarfare has risen among the American public, many of whom still have the Colonial Pipeline ransomware attack fresh on their minds. In response, the U.S. government is seeking not only to address these events, but also to raise awareness and security compliance
Okta, a massively popular company which provides identity and access management (IAM) services to clients worldwide, was recently targeted by threat actor Lapsus$. The compromise of Okta and other providers of IAM services is highly sensitive and potentially far-reaching as Okta’s IAM services alone allow approximately 15,000 companies to securely log into multiple
At BinaryShield, it is our philosophy that custom-tailored, proactive solutions that align with best security practices and regulatory frameworks are the best methods to address people, technologies, and facilities to provide actionable cybersecurity strategies. One such framework, which has garnered significant attention due to its complexity and transformative nature, is the Cybersecurity Capability Maturity
The ubiquity of concerted campaigns through phishing and various other methods of malware deployment have led to individuals, small and midsized businesses (SMBs), and the largest companies worldwide to deal with the brutal impact of a data breach on daily operations. This pervasiveness is understood to occur due to the low-risk, high-reward ecosystem in
Cyber incidents often rely on human engagement to enable malware. Despite deploying security controls on the user’s account, target environment, and device, additional emerging threats may occur which require both users and enterprise administrators to put safeguards in place to mitigate the impact. The purpose of this blog is to analyze and mitigate
Rockville, MD – (Jan. 19, 2022) — E. Cohen, a nationally ranked tax, assurance, and consulting firm headquartered in Rockville, Maryland, announced the launch of a new full-service cybersecurity company, BinaryLab, to serve a variety of commercial businesses and government entities, which have increasingly become the targets of cyber criminals in recent years. BinaryLab addresses
Showcased across traditional news outlets and dominating the cultural zeitgeist, ransomware and the threat it presents to individuals, corporations, and nation-states is occupying the public consciousness like never before. The eye-popping statistics of annual increases in ransomware activity and dizzying ransom prices validate this growing concern. During October alone, there
The devastating impacts that a ransomware incident can have on a company range from minor inconveniences, such as interruption of services, to the potential inability for a business to financially recover, creating an urgency to mitigate the effect of such a breach. What is ransomware? Ransomware is a type of
According to Cybercrime Magazine and Cybersecurity Ventures, global ransomware will cost the world nearly USD $20 billion in 2021 and is projected to exceed USD $265 billion by 2031. On average, the ransom demanded during an attack is roughly $5,600, but what is worse is the downtime after an attack can cost up to
