WithSecure™, formerly F-Secure Business, has earned a multi-year contract from a global Fortune 500 company. The agreement to provide WithSecure™ Countercept, an award-winning managed detection and response (MDR) service, was closed just shortly after raising EUR77 million to fund the growth strategy of the newly launched corporate security brand.
Ukraine has a healthy IT sector that provides services to companies all over the globe, including over one-fifth of the Fortune 500, according to a website published by Ukraine’s Ministry of Foreign Affairs. For this reason, companies should assess their exposure to cyber attacks connected with the current invasion. HermeticWiper malware is being used against various targets in Ukraine and has already been detected outside of the country. It first appeared almost 12 hours before the beginning of the physical invasion of Ukraine so was likely to be a part of a coordinated effort by Russia. In 2017 the NotPetya attack which originated in Ukraine and spread to companies all over the world (it was considered history’s most costly, destructive cyber attack), demonstrates how quickly incidents can spiral out of control.
A new report published by INTERPOL has provided useful insights into cybercrime in Africa based on input from member countries and data drawn from private sector partners. Africa has an estimated 500 million Internet users that is apparently only 38% of the population so there is huge potential for growth. The continent apparently also has the fastest growing telephone and Internet networks in the world, and makes the widest use of mobile banking services.
WithSecure™ builds on F-Secure’s decades of trailblazing information security to launch a new vision and sees a world where no one should experience a serious loss from a cyber attack. The following is the history of F-Secure’s key events prior to the oganisation recently becoming WithSecure:
SPHERE22 on June 1-2, 2022 is the world’s most exciting security unconference. Two spring days in Helsinki inside the majestic Sphere will bring together courageous, optimistic leaders from all over the globe to share their passion for co-securing digital society. Trailblazers and makers, experts and thinkers, entrepreneurs and executives will all be there. And we hope you’ll grab one of the limited available seats. The future will be co-secured. And you can help shape it in the SPHERE. This invite is solely for VIP invitees. Find more information about the speakers, venue and Helsinki at thesphere.org.
Protecting your organization means understanding what you’re up against. And by understanding your cyber risks, measuring them, and reducing them, you can be in the driver’s seat, no matter what happens. You can’t avoid cyber risk, but you can manage it – and even master it. To do that, you must know the risks to your organization, and how they could impact business.
For nearly two decades, cloud computing has offered – and delivered – a utopian dream. Organisations short on resources can tackle bigger, better-equipped and well-funded competitors, and those behemoths in turn enjoy the freedom and flexibility that cloud brings.
R1.3 billion swiped by attackers from Beanstalk
Cyber-attackers have very recently stolen USD80 million (about R1.3 billion) from Beanstalk’s stablecoin tokens in one of the largest flash-loan exploits ever. Beanstalk is an algorithmic stablecoin protocol which uses a decentralised credit system instead of collateral to issue stablecoins. One beanstalk stablecoin is pegged to one US dollar to prevent it varying in value. Blockchains are home to popular crypto assets like Bitcoin and Etherium that are bought and sold in the crypto economy but are quite variable in their value. This is the reason why Stablecoin is pegged to the US Dollar.
SA the 3rd highest cybercrime victims at R2.2billion annually
According to a recent article published in the Daily Maverick, it was reported that online crooks are increasingly targeting South Africa and our country now has the third-highest number of cybercrime victims worldwide. Also that these crimes are costing victims about R2.2-billion annually.
Be sure to consider some of the cyber threats out there and consider these tips for protecting yourself and your devices. Until our next mailer, you can check out all the great resources we have available on our website.
