Article posted: Oct 16, 2017
By Marcus Hartwig, Versasec GM Americas
Versasec has repeatedly warned that text messages should noy be used as two-factor authentication. Now, Positive Technologies has proved that point decisively but demonstrating the ease of hacking into a bitcoin wallet by intercepting a text message. The Verge reported Positive Technologies posted a video about how easy it is to access a bitcoin wallet by intercepting text messages in transit.
Article posted: Oct 10, 2017
By Joakim Thorén, Versasec CEO
If you live in the US, it's likely the Equifax breach has affected you personally. While Equifax is still evaluating the cause of the breach, we're already hearing a number of excuses from the company. And the excuses aren't sitting well with Equifax's board, as Chief Security Officer Susan Mauldin and Chief Information Officer Dave Webb are "retiring". According to an article in ZDNet, Equifax is blaming open-source software for its debilitating security breach that compromised 143 million records. Some industry experts may argue that Equifax shouldn't have relied on open source software to protect American's names, social security numbers, birthdates and home addresses. Others feel that by immediately updating security patches, the breach wouldn't have occurred.
Article posted: Aug 23, 2017
By Adam Bostwick, Versasec
Amidst a sea of controversy, the current United States government just made a significant announcement about US cyber security. Covered in Wired Magazine, "the Trump administration will elevate United States Cyber Command, currently a division of the National Security Agency, to the status of a unified military command."
What does this mean for the US?
Article posted: Aug 21, 2017
By Yvonne Möbius, HR, Versasec
U.K.-based analyst firm Juniper Research estimates criminal data breaches will cost businesses more than $8 trillion over the next five years. Juniper's new research report, "The Future of Cybercrime & Security: Enterprise Threats & Mitigation 2017-2022," also states that personal records stolen by cybercriminals will reach 2.8 billion in 2017 and almost double to 5 billion in 2020, despite new security technologies to thwart cyberattacks entering the market.
Article posted: Jun 28, 2017
By Nick Budden, Versasec Technical Consultant
Notch another victory for hackers, courtesy of weak passwords. It appears hackers were able to take down the British Parliament's email system by identifying accounts with weak passwords and breaching them.
Article posted: Jun 21, 2017
By Joakim Thorén, CEO
It seems lately that more countries are turning to biometrics to ensure the safety of their borders. This January, Australia vowed it will replace passports as a means of identifying passengers after installing the latest biometric identification platforms, such as facial, iris or fingerprint recognition systems by 2020.
Article posted: Jun 19, 2017
By Anders Adolfsson, Technical Consultant
Keeping your admin rights current is a necessity today. Verelox, a provider of dedicated KVM and VPS servers based in The Hague, Netherlands, is a good case in point. The company recently endured a devastating data outage after a former administrator deleted all customer data and wiped most of the company's servers, per Bleeping Computer.
Article posted: May 31, 2017
By Joakim Thoren, CEO
This week, Fortune reported Target reached an $18.5 million settlement with 47 states and the District of Columbia over a massive data breach in late 2013. The hits keep coming for Target: over the past four years, the mega retailer has shelled out $202 million as part of this costly data breach.
Article posted: Apr 08, 2016
Forbes recently reported cyber crime costs are projected to reach $2 trillion by 2019. By their estimates, the pace of cybercrime growth should quadruple in the next four years. The article cites a number of sources from the World Economic Forum to bean-counter Booz Allen on ways to calculate the total cost of cyber crime to organizations. It's not just about the money, either. There's a brand cost that also comes into play. In the months following the infamous 2013 Target breach, Target sales plummeted and led to several key executive firings.