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CTO’s should ask these 3 cybersecurity questions

As an CTO, you must be aware that the world is taking a step forward in technological advancements, and the digital space has become more complicated. An increase follows the improvement of technology infrastructure in cyber attacks. Companies are facing new and advanced forms of cyber threats every day. Implementing a robust cybersecurity plan is essential to combat these cyber threats.

A CTO’s responsibilities increase in direct proportion to the cyber threats getting more sophisticated everyday. These responsibilities are particularly relevant to the company’s online workspace. Any cyber threat that the online workspace might face directly affects the data security, finances, and reputation of the company.

It is needless to say that cybersecurity is a critical element as it directly impacts the day-to-day operations of any organization. Therefore, a CTO should should ask the right questions before taking action for their company’s cybersecurity. As BugBounter, we gathered three cybersecurity every CTO should ask in this blog.

“How is my company prone to cyber-attacks?”

Businesses are impossible to conducted without an online workspace. Almost everything runs on the internet, from social media marketing to cloud-based solutions. But as technology evolves, so does the threat to security.

Statistical data shows that the fourth quarter of 2020 alone saw data breaches of 125 million. Thus, the need for cybersecurity awareness not only arises but increases rapidly. Out of such awareness arises the first, most important question a CTO must ask themselves – “How is my company prone to cyber-attacks?”

Cyber threats might harm your company through the following channels:

  • Phishing,
  • Cookie poisining,
  • Technological vulnerabilities such as failing to update firewalls and antivirus softwares.

“Why should I invest in Cybersecurity?”

Almost all sensitive and confidential information is stored online using cloud technology. Therefore, cybersecurity is a crucial investment for every business to safeguard this sensitive information from minor viruses to ransomware attacks.

In the initial days of booming software advancements, basic systems like anti-virus software and firewalls were installed onto devices to prevent, detect, and combat viruses and malware. But those basic systems are not enough to combat the sophisticated data breaches that cause financial damage.

With cybercriminals changing, businesses and companies realize that basic systems like anti-virus software and firewalls are not enough to combat these cybercriminals. Therefore, companies collaborate with cybersecurity firms to lay down multiple layers of protection. Irrespective of the size of the company, cybersecurity is an element that requires investment.

A company that understands the need for and scope of cybersecurity is a company that will thrive, survive and evolve with the right cybersecurity strategy.

You can find more information about why should you invest in cybersecurity in this blog post by BugBounter.

“Should I hire ethical hackers?”

The technique of identifying weaknesses in any technical infrastructure that an attacker could use to take advantage of a business or an individual is known as ethical hacking, and that’s we do here at BugBounter. Ethical hackers conduct researches to identify breaches in the system security. Companies call upon them to uncover potential breaches and vulnerabilities in their security systems.

This process involves attempts to exploit vulnerabilities and determine whether malicious access is possible. Ethical hackers offer companies insight into how their data lacks security, thereby enabling the companies to focus on the problem.

Ethical hackers offer the following services to companies:

  • Finding exploitable vulnerabilities,
  • Demonstration of cyber attack methods,
  • Facilitate preparation to combat cyber attacks.

These professionals provide clear demonstrations of potential threats. They report every exploitable vulnerability in a company’s tech infrastructure. They use methods similar to their criminal counterparts, the “black hat hackers,” to find security breaches. It helps companies to be better prepared and even prevents most threats to their business.

BugBounter: The Solid Answer to the “Should I Hire Ethical Hackers?” Question

BugBounter is the reason why you would say “yes” to the previous question, “should I hire ethical hackers.”

Our cost-effective bug bounty programs help you see the security vulnerabilities in your system. With agile processes based on blockchain, our  24/7 available bug bounty platform operates cost-effectively. We provide bug bounty programs for companies that want to have an external team of cybersecurity experts identifying the chinks in their armor with our platform of more than 2500 ethical hackers.

Connect with BugBounter today, and take the most efficient step for your company’s security.

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Protecting Data is Protecting Business

“Protecting data is protecting business.” This sentence indicates that every company should take the necessary cybersecurity measures to protect the corporate and customer data which are crucial for safeguarding their business. This data includes details about the operational business, finances, products, and clients. Losing this data can lead to a loss of revenue, customers, and even market share.

With the startup community and businesses, expansion is at the forefront of priorities. Business data is also a critical indicator that decides the direction of the business and puts the insights into numbers. While data becomes the apple of the eye, data protection seems to be overlooked, ironically. 

Read along to understand the critical aspects of data protection and how it makes a difference in business.

Data Protection: What Is It?

There is a massive flux of data across businesses at an unprecedented rate. This data system needs to be running at any given time. Maintenance or update should not cause downtime. Data protection is critical for ensuring data integrity, homogeneity and privacy for your business growth.

Data protection safeguards business digital data via stringent IT security measures, physically and logically, against malpractice and loss. It includes information that is saved on your servers as well as any device used for official purposes. Physical security measures are designed to protect against physical access to data, while logical security measures are designed to protect against unauthorized access to data. Common data protection measures include encryption, password protection, and firewalls. Data protection also includes data restoration in case of data loss or corrupt files.

What Kind of Data Needs Protection?

Data is one of an organization’s highly critical assets in the modern world. However, data can also be a liability if it falls into the wrong hands. Thus, organizations need to take adequate steps to protect their data. Here are five types of data that organizations need to protect:

Customer Data

Customer data is the information organizations collect about their customers, such as contact information, and purchase history.

Financial Data

Financial data includes information about an organization’s finances, such as income and expenses. This data is essential for making sound financial decisions and ensuring compliance with regulatory requirements.

Employee Data

Information on a company’s employees, such as contact details, employment experiences, and performance evaluations, is referred to as employee data. This data is vital for managing talent and facilitating adequate compensation.

Trade Secrets

Trade secrets enable an organization to stay ahead of the curve and acquire a higher market share. This data directly impacts the overall performance as well.

Intellectual Property

Intellectual property includes expert inventions like trademarks, patents, and copyrights. This data type is crucial for companies in industries such as technology and pharmaceuticals, where innovation is key to success.

Risks of Neglecting Cybersecurity

Business Intelligence and data analytics are the future of businesses and growth organizations. With BI software becoming mainstream tools for analyzing, the investment in data protection is also bound to grow. What starts with customer dissatisfaction and drop-off leads to several issues. A few of them are listed below:

  • Data loss
  • Operational downtime to address issues
  • Financial losses compounded by customer drop-off
  • Lack of credibility and mistrust
  • Legal issues

What Are The Challenges in Protecting Data?

As technologies develop iteratively, the problems surrounding business data are becoming more and more complex; the way ahead is to understand where and then address these cyber threats one after another.

Growth of Data

With the amount of new data generated every second reaching 2 megabytes, organizations have to put stringent data protection practices in place. More than 5.9 billion user records were stolen in 2021, breaking the previous record. Cybersecurity measures should address the pace at which data is generated and analyzed.

Latest Advancements in Technology

AI and IoT have been the talk of the town for quite some time. With technology reaching every part of the world and households, devices like smartphones and audio-operated speakers are primary data creation sources. It puts the responsibility on the device vendors to release regular security updates and patches against vulnerabilities. With 2021 seeing more than 2 billion attacks on the ecosystems, all looking for private information on the users, the time to take action is now.

Consequences of Unprotected Data on Your Business

Malicious hackers understand that investment rates are directly proportional to the size of the business. A whopping 43% of breaches are in small and medium-sized businesses. That’s why data breaches are a make-or-break situation for several organizations. The following are the cyber security threats you would be putting your business in if you neglect cybersecurity investments:

Credibility Issues

The provider-customer relationship is a bond that takes a lot of time to develop because your clients choose you out of brand loyalty. When a data breach affects a big company, they have the resources to investigate and analyze where it originated from. That’s not the case with small and medium-sized businesses and with the business data they operate with.

Financial Issues

The market is flooded with cyber attackers waiting for the opportunity to capitalize. A report in 2021 stated that the data breach costs reached approximately 4.24 Million USD, with a year-on-year rise of 10%. With remote working being the new normal, the cost of data breaches has increased to $4.96 Million in a workplace based primarily on remote working.

Legal Action

A more prominent company can take on legal cases and issues, but the margin of error with a startup is less. As the company goes through a challenging period, the founder is responsible for the lack of structure and the breakdown. One such example is the Facebook-Cambridge data breach that made the share price drop by more than 100 Billion USD over the span and a lawsuit settlement of about USD 5 Billion.

With business growth and market share directly impacted by the data’s value, it is clear that protecting data is protecting businesses.

How Can BugBounter and Bug Bounty Help?

BugBounter helps you see the vulnerabilities in your system. With agile processes based on blockchain, our  24/7 available bug bounty platform operates cost-effectively. We provide bug bounty programs for companies that want to have an external team of cybersecurity experts identifying the chinks in their armor. Our platform of more than 2500 cybersecurity experts’ knowledge goes way beyond what is ordinary. Connect with BugBounter today to learn how we help.

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Losing Reputation: Cyber Attack Tsunami

Reputation management is a vital component of running a successful business. Reputation is the public perception of the company, business, and workings. It is a company’s image that drives customer traffic. Businesses with a good brand image are perceived as more reliable. It provides opportunities for such companies to charge their customers revenue-yielding prices for their products and services. Reputation also promotes customer loyalty, and word-of-mouth marketing adds to brand awareness and, in effect, cuts down on marketing costs.

While there are multiple threats to reputation, cyber-attacks are a factor that severely impacts a company’s image. Any cybersecurity breach can potentially damage your customers’ perception of your company leading to significant losses, negative publicity, and in some cases, even shutting down a business. Therefore, it becomes vital that a company handles cyber threats with care to manage its reputation.

Cyber Attack Tsunami

Cyber attacks are malicious or accidental threats that might exploit your device or network vulnerabilities and breach your data. They have been a common phenomenon since the boom of the internet. Hackers develop increasingly sophisticated methods to attack a company’s servers or devices to steal or destroy data. From phishing emails to ransomware, the digital transformation of businesses has always given rise to cyber threats. Cyber attacks are a skyrocketing trend in today’s digital economy.

A cyber attack, if successful, can severely impact your business. The consequences of a cyber attack can be of two different types:

  • Financial: Cyber attacks inevitably cost companies a loss of revenue. The financial cost of a cyber attack includes corporate information theft, theft of financial credentials and money, hindrance in conducting revenue-yielding trade, loss of clients, etc. Another factor of economic damage is the cost incurred by companies to handle and recover from the outcome of cyber attacks.
  • Reputational: The trust a customer places in your company is the foundation of any lasting business relationship. A lapse in cyber security can negatively impact a customer’s confidence in your brand. It can result in a loss of customers, which leads to a loss of sales and revenue. Reputational damage is not limited to customers. It can also influence your business relationships with third-party entities such as vendors and supplies.

Read more about the reputational damage from the cyber attack tsunami.

Reputational Damage

Every company bears the risk of reputational damage. Minor cases of failures in customer service and defective products can cause customers to second-guess their trust in a company. Such damage is repairable with solutions like freebies or discounts.However, It is a different scale when a company’s security is breached, and it loses valuable customer data.

From banking credentials to login passwords, trade activities involve exchanging confidential information. A lapse in cyber security around payment gateways and portals can result in a massive loss to the company’s reputation.

Reputational damage not only results in the loss of existing customers but also bears the risk of losing potential customers. Word-of-mouth spread of any news about a data breach can cause potential customers to move on to other options in the market. Companies spend millions to repair the damage caused by cyber-attacks. They must restore public perception by spending resources on implementing new security layers. It must then be marketed to convince former and potential customers alike that your company is secure and trustworthy.

A simple example of such an instance would be the 2021 Facebook data breach. In 2021, over 500 million Facebook users got their personal information leaked to a public hacker forum, causing a massive online storm that severely impacted Facebook’s reputation. Users questioned Facebook’s protection of their privacy. The social media giant had to spend resources and time to remedy the issue.

Impact on Customers

When a customer engages in business with a company, there is a significant exchange of information. In today’s internet-based business world, information security is vital to maintaining a lasting business-customer relationship. Customers prioritize privacy, and a company needs to protect their personal information. Customer data includes their names, email addresses, banking information, etc. Maintaining the privacy of a customer’s data can cement their trust in your company and its workings.

Cyber security implies that customer data is also protected along with the company’s data. Companies regularly access multiple exploitable customer data, from personal to financial information. In a breach, any leak or theft of such information can result in a range of damage to a customer’s life and livelihood. For instance, most internet users have the habit of assigning the same password to different platforms and accounts. If such crucial information were to fall into the hands of a malicious hacker, it could potentially ruin a user’s life.

A primary example would be the Equifax data breach of 2017. Equifax is a company that primarily deals with data traffic. Around 143 million consumers had their personal data breached. It included names, dates of birth, personal addresses, addresses, and in some cases, even credit information. This breach opened up opportunities for multiple instances of identity theft and fraud, and the number of victims affected would have been numerous.

Reputation Management

In most cases, companies that lack cybersecurity awareness fall victim to cyber-attacks leading to a loss of brand image, which results in a loss of sales and revenue. A pattern of a purely reactive approach to cyber attacks can be easily observed.

Reputation management related to cyber security has to begin in the early stages of a company. A proactive approach can help businesses maintain or regain customer trust in the case of a security breach. Here’s a list of measures a company can take to combat reputational risk from cyber threats proactively:

  • Access management: Restrict access to confidential and exploitable data. Establish a zero-trust networking structure. It essentially means that all third-party entities are screened and approved before joining hands with your company.
  • Purchase access control systems: Access control systems help companies audit all users that can access, change, or approve data and permissions.
  • Invest in cybersecurity: From the initial stages of a company’s journey, it is advisable to invest in quality cybersecurity systems. From apps to companies, companies can choose from a wide range of cyber security providers. Bug bounty can be considered as a strong method for a company to protect their data since the potential security vulnerabilities in their systems are constantly reported by cybersecurity experts.

In case of a cyber-attack, companies can manage and maintain their reputation by promoting transparency. Once a cyber attack has been realized, the initial step would be to spread awareness about the breach. The time it takes for a company to announce a data breach substantially impacts its reputation. A company’s open admission of a security lapse and the remedy pace can make or break how a customer perceives the company.

BugBounter’s Bug Bounty Can Help You Keep Your Image Reliable

BugBounter offers companies a bug bounty platform which is 24/7 available, flexible, and cost-effective. We have an ever-growing platform of more 2.700 cybersecurity experts eager to detect and report the security vulnerabilities in your systems. On our cost-effective platform, you can choose the amount of the reward according to your budget, and only pay when a valid security bug is reported.

Connect with BugBounter today, and we can decide what would be the most effective option for your business.

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How to Build a Cyber Security Culture

Knowing how to build a cyber security culture has become the norm for all organizations in all industries today. The cyber security culture is predominantly gaining momentum in the digital industry, with the growing concern because of cyber attacks. One cyber-attack can leave an entire organization devastated and deprived of its power to grow. Organizations put in years of effort to grow in all aspects. Cyber threat is an issue that needs immediate intervention and redressal.

Building a cybersecurity culture has always been an essential part of hybrid workplaces. However, organizations need to change how they view the cyber threat landscape fundamentally. Cybersecurity policies have constantly been changing in the past years, with new amendments added every year. Security professionals addressed new cybersecurity challenges on international platforms. Identifying the latest risks and aligning with the cyber security strategy is essential to deal with evolving security risks.

In this Cybersecurity Awareness Month special blog post by BugBounter, you will learn more about cybersecurity culture and the challenges in building one.

What is a Cyber Security Culture?

The cybersecurity culture is a work environment with IT systems, processes, and technology built with cybersecurity to protect the data handled by the organization. It is also about educating the organization’s people to follow cyber security culture to make it a better workspace.

Fostering a cybersecurity culture also ensures that employees are trained with cyber security awareness and that everyone can be a part of forming a defense against possible cyber attacks and breaches. Recent happenings in the cyber security world, like the attack against the Estonian government, claimed by Russian hackers, malicious plugins in WordPress websites, or the critical Bitbucket vulnerability, raise serious questions about the existing cyber security measures.

Cybersecurity initiatives aim to nurture a culture where members realize their responsibility towards their working organization. They recognize how their roles and actions can impact overall security. Investments in cybersecurity awareness programs have rocketed over the last few years. Still, it has not helped fully mitigate cybersecurity risks. It can only happen if the security teams, development teams, decision-makers, and key stakeholders work as a single unit.

Building a Cyber Security Culture Today

The cybersecurity culture is built on the shared values, beliefs, and behaviours that shape how employees think about and approach security. It starts with clear communication from leadership about the significance of security and what it means for the organization. Building a cybersecurity culture requires ongoing education and training to ensure that everyone knows best practices and how to play their part in keeping the organization secure. It also necessitates continuous reinforcement through consistent messaging and reminders about the importance of security. Ultimately, a thriving cybersecurity culture is constantly evolving to meet the ever-changing landscape of threats. By taking a proactive approach and continuously reinforcing the importance of security, organizations can build a strong cybersecurity culture that will help them stay safe in an increasingly dangerous world.

Challenges of Building a Cyber Security Culture

Building a cybersecurity culture is not easy, as several aspects must be kept in mind. For instance, an organization may face the challenge of not having the proper funding for investing in cybersecurity training or practices. A cybersecurity culture will not spring itself into action if you just spread cybersecurity awareness within your organization.

The following must be kept in mind while building a cybersecurity culture.

  • Aligning with security team objectives: Security policies in cybersecurity culture must be intact. Aligning the existing organizational architecture to new policies can be complex. The needs of organizations and security teams should go hand in hand to build a robust cyber security culture.
  • Competitors getting ahead: The toxicity within the organizations in the same industry may drive security challenges within themselves. The impact of such competitions can be intense and can affect the very cause of building a security culture for mutual growth.
  • Lack of right security tools and technology: The organization’s top security team can be experts in the security enforcement job. However, transforming the entire security culture can get complicated if they do not have access to the latest tools and applications to build a cybersecurity culture.

Best Practices to Build a Cyber Security Culture

Building a cyber security culture should be a company’s main priority if it looks forward to growing in the long term. If building a cyber security culture calls for altering the organizational objectives, the top hierarchical management should brainstorm and figure out a way to implement it. Tactics and strategies for cyber security should involve thinking way ahead of how a malicious hacker might think and stage a cyber attack.

Implementing cyber security awareness requires an empathetic approach to make people feel that they are a part of cybersecurity practices implemented in the organization. Cyber security training should inculcate values and ethics in a broader sense and in stressing the importance of cyber security in corporate culture.

Some of the best practices that guarantee to help build a cybersecurity culture are:

Have a Proper Security Implementation Plan

A chartered implementation plan will ensure that “informational security” practices are enforced at all hierarchical levels. It will also pave the way for building a framework for implementing future cyber security practices that may need only a few changes.

Make Security Practices Easier

Security practices should be easier to follow so that employees don’t feel burdened with their current workloads. For instance, the security team can suggest pre-installed security firmware and security checking applications that automatically run on the working systems as they are started.

Invest in Cyber Security Awareness Training

Cyber Security training should be fun and rewarding, propelling employees to participate in cyber security sessions and practices. Companies can hire top trainers to give insights on the latest cyber security threats and ways to solve them.

Invest in the Right Security Tools

The digital market offers several tools and services for building cyber security culture. But how do you find the right one that suits your company’s needs? Ensure to go for licensed and brand versions with good reviews, as safety is a top priority that cannot be compromised on cheap tools.

Cyber Security Culture: A Step to Protect Existing IT Systems

Good cybersecurity practices go a long way in establishing innovation and order while growing sustainably. While traditional cyber security practices are taking a backseat, newer ones should be embraced to drive cyber security solutions in automation. Cybersecurity culture helps mitigate risks and enhance IT processes without investing in repairing the damage. BugBounter helps companies looking to building a cyber security culture by offering bug bounty services. With bug bounty, companies can enforce security in their systems and protect their sensitive data from cyber-attacks more efficiently than ever.

BugBounter offers bug bounty services providing 24/7 availability, scoping flexibility, and cost-effective manual penetration testing with more than 2700 cybersecurity experts. With BugBounter, you will have the advantage of not being charged unless the cybersecurity experts raise a valid bug report. Connect with BugBounter to get your cyber security systems in place today! Leave us a message, and we will assist you in finding what’s suitable for your organization.

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Protecting Digital Assets from a Cyber Attack

Protecting your digital assets from a cyber attack is an ongoing process for any organization. Securing data in digital assets valuable to every organization is essential as they store and manage data relevant to their functioning. Business owners, regardless of which industry they are in, have to safe-keep their digital assets. For example, if you’re running an automobile company, your physical assets, which may come in motor parts, keep the business running. However, the trade secrets regarding the formulae for the motor parts are stored online. For eCommerce companies, digital assets such as image files, digital documents, and other applications play a significant role.

Top management must lead the initiatives to protect critically important data, applications, and systems to build digital resilience. The critical importance of a company looking to protect its digital assets against cyber threats is identifying the assets that need protection. Protecting every digital asset may not be required, and organizations may not have the option to invest their time, money, and resources in securing every asset.

Read this blog to learn more about protecting digital assets. Reach out to BugBounter to understand how to differentiate between the different ways to protect them.

Why Protect Digital Assets?

Digital business models should address the major pain points faced in cyber security and ways of coping with the risks. For instance, cyber-attacks are bound to happen if the working systems are not integrated with interfaces that are not secure. As the saying goes, “Prevention is better than cure”; mitigating the cyber security risk is better than repairing the damage.

Systems breaches should not be taken lightly, as they have been multiple in the past few years. New cyber security attacks have grown immune to the security models that are improvised from time to time. Staying updated with the latest cyber security issues and working to control the problems helps form proper defenses from future attacks. Cyber security defenses are designed in alignment with business operations so they don’t interfere with the existing architecture across different parts of the organization.

Ways to Protect Digital Assets

For digital resilience to exist, an organization’s security team should identify its primary assets, including software, IT systems, and other data management utilities. Applications and business processes must be designed while giving priority to information security. This cross-functional strategy helps build digital resilience by identifying and assessing possible vulnerabilities to find the best solution.

Keep the following things in mind to establish the protection of digital assets within your organization:

Hire An Expert Team

As you start the journey towards digital asset protection, it’s best to utilize proven experience to avoid loss of resources. An expert team or an individual consultant would be able to take up full responsibility for the IT security of a company if your digital assets are the primary tool. Of course, you may have set aside some investment for installing security systems as a whole. But every business will look forward to achieving cyber security without investing many resources. An excellent agency may come with a lot of hands-on experience and industry knowledge that will make things smoother for you.

Authorize Permissions to Only Those Who Require

Giving all employees the same level of access to company assets may be more convenient, but it is not a safe measure against cybersecurity threats. Following the same patterns can be a great advantage for hackers to enter your systems. Also, your employees may fall prey to phishing and other data security issues they may be unaware of.

Many tools and services are available to keep track of data and who has access to it. For instance, instead of allowing everyone in the company to acquire access to employee data, you can restrict the access to only the concerned department. Or better yet, you can provide access to only such information that is relevant to the employees in the first place.

Have An Inventory of All Your Assets

Even after implementing cyber security, your assets can be stolen or exploited, which can devastate the whole organizational functioning. Minimize such damages by preparing an inventory listing down all your assets. By having a record of every asset you own, you can identify whenever there is a threat or issue and do a round-up check to confirm that every asset is in place. Doing so can ensure that a particular asset is intact and smoother functioning of all units.

Implement Security Measures

Digital assets, when under threat, would mean physical assets should also need monitoring. As physical assets are the storehouse of digital assets. Hence, if you plan on protecting them, you should enforce security measures that keep physical assets also secure. Install alarm systems if the security tools find a system breach or unauthorized access. Ensure that you enforced security measures on the following physical assets:

  • CCTV cameras
  • Access control systems
  • Firewall
  • Incident response software

Keep Software and Tools Up-To-Date

Outdated software may look like an affordable option, but your business will suffer in the long run. A hacker may have updated tools, and your outdated software may malfunction and exploit your digital assets.

In short, keeping your software up-to-date is not a choice but a necessity if you are serious about securing organizational assets and protecting your business. Besides, extra load from outdated software affects physical assets, which can cost you more in the future.

Backup Your Files Regularly

Data loss is a common thing that happens in organizations dealing with a vast amount of data. There is no quick way to eliminate data loss unless you have certain data management practices.

Create an extra repository to store backup data of your files so that you don’t have to face permanent data loss. You can also do it manually by copying the assets and saving them on external data storage.

Consequences of Not Protecting Your Digital Assets

Data breaches, a common occurrence, happen when hackers gain access to an organization’s systems. It can lead to the loss of customer trust and confidence and financial damages. In some cases, it may even result in legal action against the organization. Another potential consequence is reputational damage. In the even of a digital asset breach, the resulting publicity can damage its reputation and make it difficult to attract new customers and partners. Organizations must take steps to protect their digital assets in this era’s rapidly connected world.

Protect Critical Digital Assets with BugBounter

Protecting digital assets is a part of cybersecurity practices for businesses to grow sustainably in the long term. It is all about investing early rather than working around to solve a cyber security issue after you face it. When protected, critical digital assets provide a safe environment for the organization’s employees.

In the era of digitalization, every company is a technology company. And as digitization advances, so do the risks and challenges against cybersecurity. Today, one of the most pressing concerns for companies is how to protect their digital assets. Businesses have much to lose, from customer data and financial information to trade secrets and intellectual property, in case of compromising. We are a company that offers bug bounty solutions for digital assets as a measure against cyber security attacks. We work with companies to support them in mitigating the risks associated with sensitive data. As BugBounter, we help companies detect their most critical risks with our community of more than 2700 cybersecurity experts. Contact us here, and we will assist you in finding what’s suitable for your company.

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Data Breaches in the Technology Industry

The technology industry is one of the areas where specialists are taking the most advanced security measures against data breaches. The reason for this is the high value of the information stored as an integral part of the industry activities. However, the structure of the industry is directly related to the digital world. Therefore, large-scale information about cyber threats is accumulated, and cybersecurity competency among the specialists is advancing effectively.

Technology companies and their digital systems are the focus of cyber threats due to the valuable data they store. Storage of highly valuable data can create a major risk to the organization in case of a cyber-attack. 95 percent of data breaches originated from the public, retail, and tech industries in 2016. The majority of data breaches leading to the confiscation of sensitive information held by technology companies. This article focuses on the technology industry, the recent cyber attacks, and the methods of protection.

Major data breaches can cause major costs

Factors such as lack of cybersecurity awareness, and neglecting cybersecurity can leave technology companies vulnerable to risks. Another example of these factors can be the widespread use of new applications and new devices that were launched recently. Although new software is often tested at many points, it may not have sufficient defenses against cyber threats.

Companies can be open to platforms and structures to support creativity. This situation can lead to vulnerabilities in the company’s systems. Also, digital units affiliated with governments and institutions also can be vulnerable to cyber attacks. This can create not only large-scale financial costs but also large-scale data leaks which may cause political issues. Some cases that can be shown as an example in the world recently are listed below:

  • A Chinese hacking group breached several German technology firms. According to the German government, the attack was primarily an attempt to steal intellectual property. (January 2022)
  • Chinese hackers breached four more U.S. defense and technology firms in December, in addition to one organization in November. The hackers obtained passwords to gain access to the organizations’ systems and looked to intercept sensitive communications (December 2021).
  • A group with ties to Iran attempted to hack over 250 Office 365 accounts. All the targeted accounts were either U.S. and Israeli defense technology companies. The companies had a focus on Persian Gulf ports of entry, or maritime transportation companies with a presence in the Middle East. (October 2021).

Types of data breaches and prevention methods

Data breach happens through the export of confidential data as a result of a cyber attack. The main techniques are listed as Ransomware, Malware, and Phishing. It was predicted that global cybersecurity spending would exceed $1 trillion cumulatively between 2017 to 2021. To protect against a data breach, you can:

  • Check that your device software and operating systems are up-to-date.
  • Use an internet security suite to monitor your network for any vulnerabilities.
  • Keep up with the latest cyber threat information to avoid risks of ransomware and phishing attacks.
  • Take action against vulnerabilities with a bug bounty program.

BugBounter provides effective solutions for data breaches to technology industry

Due to the threats the technology industry faces, and the spread of digitalization worldwide, taking security steps against cyber attacks is highly crucial for every tech company. Predictions for this area suggest that cyber risks will continue to grow, but the available safety solutions are also varied. The most effective option available in this regard is the bug bounty program.

You can obtain the adaptable cybersecurity testing support you need with BugBounter’s optimal costs. Your systems are thoroughly examined 24/7 for significant risks by actively involving the appropriate number of professionals from our network of more than 2200 white hat hackers. With “black-box testing“, our specialists attempt to break into your systems without the need for special access by tools and methods that are akin to those used by malicious hackers. When our white hat hackers detect a vulnerability in your systems, they submit it step-by-step with evidence thus, after being prioritized, you get a legitimate bug report. This gives your teams the time and resources they need to concentrate on the proper priorities while efficiently managing your security testing budget. This gives your teams the time and resources they need to concentrate on the proper priorities while efficiently managing your security testing budget.

You can now get in touch with BugBounter to detect the vulnerabilities in your systems and start fixing them to avoid data breaches and major costs that would be caused by those.

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Why Would You Invest in Cybersecurity?

“Why would you invest in cybersecurity?”

It’s a question that business leaders are no doubt asking themselves in the wake of high-profile, large-scale cyber attacks. In the aftermath of such an attack, businesses need to ask themselves not only how they can protect themselves from future breaches but also whether it’s worth investing in cybersecurity in the first place.

Cybersecurity has rapidly evolved from an IT issue to a business issue. With so many technological advances over the last decade, the business world has upgraded data repositories by storing sensitive information on the cloud. Therefore, investing in cyber security is not just an option but is an essential activity for businesses as it protects businesses from a broad range of safety hazards such as malware, spyware, and adware.

The blog will help you understand how to invest in cybersecurity and why investing in cybersecurity is critical for your firm.

Why Is Cybersecurity Crucial For Today’s Business World?

If you are a business still having the question, ‘Should I invest in cybersecurity?’, the answer is definitely yes. Businesses cannot anymore rely on basic security features like anti-virus or firewalls to safeguard themselves from the looming threat posed by cyber criminal activities. These types of cyber crimes and malicious hackers who commit them are getting smarter and more adept at evading these simple defensive lines. Businesses should collaborate with a cyber security firm to develop a cyber security strategy that can offer multilayered protection. It is crucial to keep in mind that it is not only companies in highly regulated industries such as IT or finance that need to take cybercrime more seriously. Every business, regardless of size or type, should set priorities for executing a cyber security program in their organization.

Safeguard your systems and networks

Cybersecurity is the practice of protecting electronic information from unauthorized access or theft. It includes both hardware and software solutions, as well as security measures like firewalls and multi-factor authentication. By implementing these measures, businesses can help to protect their confidential data from cyber criminals. In addition, cybersecurity can also help to prevent disruptions to critical infrastructure, such as power grids or transportation systems.

Increase customer trust and confidence

The threat of data breaches and cyber attacks has led many companies to invest in cybersecurity measures to protect their customer’s information. While these measures can help to deter hackers, they also serve to increase customer trust and confidence. By demonstrating that a company is taking steps to protect its customers’ data with robust cybersecurity strategies such as pentesting with bug bounty, businesses can instill confidence that their personal information will be safe. In turn, this can lead to increased customer loyalty and repeat business.

Ensure Cybersecurity Awareness and Efficient Cybersecurity Measures

The protection of the organization’s data is critical. It is to be noted that this information is vulnerable to attack, either through an employee accepting money in return for revealing confidential data or external cyberattacks, so it is critical to be prepared. Penetration testing is a non-invasive method of identifying potential security gaps before a cyberattack.

How Can An Investor Contribute To Both Themselves And The Business World By Investing In Cybersecurity?

By investing in cybersecurity, investors can not only improve their own financial security but also help to make the business world a safer place. In recent years, cyberattacks have become an increasingly common occurrence, with major corporations and small businesses alike falling victim to data breaches and other forms of cybercrime. The financial cost of these attacks can be significant, and they often have a profound impact on the reputation of the businesses involved. By investing in cybersecurity, investors can help to mitigate the risk of these attacks and protect the businesses they are invested in. In addition, by supporting businesses that are committed to cybersecurity, investors can help to create a market for these products and services. Ultimately, by investing in cybersecurity, investors can help to create a safer and more secure business world.

Investing in cybersecurity is essential due to the rise of security breaches, and current stats show that cyber-attacks cost $400 billion in 2020. If you are a company in a growth phase, this is an excellent time to increase your investment in cybersecurity. As a result, many businesses now consider cybersecurity an essential component of their investor protection strategy.

The majority of cyber attacks lead to financial losses. Investing in cybersecurity and why investors contribute to both themselves and the business are listed below:

  • Preventing Corporate Information Leakage
  • Preventing Financial Information Leakage
  • Prevent Trading disruptions, such as the inability to conduct online transactions
  • Businesses dealing with cyber-attacks incur additional costs associated with fixing the systems; however, you can avoid costs that were affected in addition to the devices and networks.

Cybersecurity Can Assist Your Company’s Growth

Many businesses believe they cannot afford to spend additional funds on security, preferring to invest in employing more staff, expanding the business, or pursuing other prospects. Infamous security breaches have compromised the data of millions of users, causing a loss of public trust, a drop in stock prices, and a dip in profit as well as brand reputation. Fortunately, you could indeed safeguard your business from similar attacks by focusing on improving cybersecurity and proper implementation of mechanisms.

Combining IT support and cybersecurity

The number of cybersecurity incidents are increasing day by day, and no organization is immune to these cybersecurity incidents. By combining IT support and cybersecurity, you can create a robust defense against these threats. In addition, you will also be better able to manage and respond to incidents should they occur. Finally, by integrating these two functions, you can create a more efficient and effective organization overall. When it comes to safeguarding your data and systems, there is simply no substitute for a well-rounded approach. IT support and cybersecurity are two essential pieces of the puzzle.

Benefits of combining IT support and cybersecurity are as follows:

1. You can implement remote working employee protection by securing sensitive information and removing the risk of them becoming vulnerable to spyware, keyloggers, and phishing attempts.

2. You can increase productivity by lowering the possibility of a cyber attack and potential work stagnation. Employees’ knowledge of cybersecurity improves when they receive appropriate cybersecurity training.

3. Customers’ trust and confidence in your company grow as they learn that you are acting to protect their sensitive data. When they do business with you, they feel safe.

4. You increase your revenue. Money invested in cybersecurity, cybersecurity tools, and IT infrastructure will pay massive dividends in the long run. You help stop cyber threats and avoid paying claims.

And The Most Important Question Is, Why Would An Investor Invest In BugBounter?

Protecting a company’s data from cyberattacks is highly expensive and can damage the company’s relationship with its clients. Business owners will need to stay one step ahead of cybercrime as it becomes more of a risk once the organizational data is hacked or lost. In order to ensure that your company network is not susceptible to a cyber attack, it is crucial to put money into a cybersecurity program.

Organizations face a growing cybersecurity threat landscape. In response, they are turning to security solutions that can help them identify and mitigate risks. BugBounter is one such solution. BugBounter provides a centralized platform for organizations to track, manage, and resolve security issues. The platform aggregates data from multiple sources and then analyzes them to identify trends and patterns. As a result, organizations can use BugBounter to gain insights into their cybersecurity posture and identify areas of improvement. In addition, the platform can help organizations streamline their security operations and reduce the costs associated with cybersecurity breaches.

BugBounter assists organizations in identifying vulnerabilities that go unnoticed. Bug bounty is one of the best cybersecurity companies to invest in, with 24/7 availability, scoping flexibility, and cost-effective bug bounty services with 2200 cybersecurity experts at your disposal as and when necessary with a guaranteed ROI, as no fees are allocated unless a valid bug is reported.Contact us right away to get the best cybersecurity protection!

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BugBounter Webinar | “Secure the Future –
The Future of Cybersecurity Testing in South Africa”

On July 28th, BugBounter hosted a webinar on the future of cybersecurity testing in South Africa with Michiel Jonker, Futurist, and Director of Futura International. Sustainable cyber security risk management is a necessity for businesses as they advance further with their innovations and adopt technological developments. Simplified cybersecurity measures can reduce the existing complexity in processes and drive growth along with cost-effectiveness. Whether it is data privacy or cyber security, the idea of designing the practices stems from the way humans think.

Machines are one of the most critical inventions of humans. Whatever measures are taken in the direction of protecting the data from damage solely rests on the owner’s shoulders. Read this article to see what was discussed at the webinar event.

Groupthink: How Does It Impact Cybersecurity Measures?

While resolving an issue or introducing new reforms, businesses tend to pool their resources and skills. Ideas may be welcome from everywhere and have the potential to help enterprises implement possible systems. This helps them serve their customers and build a strong workforce. However, when it comes to cybersecurity, conventional ideas may not work in the longer term. Additionally, the same strategy may not work when a new application or software is introduced. For instance, hardware and software firewalls used authentication and security policies. Such firewalls were replaced by cloud-hosted firewalls.

Such innovations require experts to brainstorm ideas by thinking from different perspectives. Thinking outside the box should not mean you entirely agree or disagree with other perspectives. Exploring new ideas and setting down the path of unchartered territories will give birth to the spark that may pave the way for a cybersecurity measure never thought of before.

Increased Complexity

With more security policies introduced by the government in many countries, the growth of organizations combined with security practices has become increasingly complex. Every new policy is another step to combat any adverse security issue of the future and for the benefit of the organizations. However, enterprises need to shift their gears and be compliant with government systems every time a policy is introduced or whenever a complex system is in play. Current best practices do not define the future security requirements as more frameworks and controls are being introduced from time to time.

Computer systems or designs that are built today are integrated by keeping their functionality as the major criterion. When you think of sustainable growth and development, maintenance of such systems is also a factor that shouldn’t be overlooked. If the complexity in security is not isolated and addressed appropriately, it can lead to more expenditure and many impending damages, even to the extent of the collapse of IT systems.

Interconnected systems are people hooked up to the internet and with more people networking with each other, the number of firewalls installed cannot go unnoticed. This is all the more critical when you have no control over the people outside your organization who need not follow your security reform. In such a scenario, you will have to think with a broader mindset in imposing restrictions on what people can access and what they cannot. These regulations should be taken seriously at regular intervals and not only when an issue arises, such as the cyber attack of a hacker on your organization. Cybersecurity experts or a company that takes your security should be consulted, to take precautionary steps.

Preventive Controls From a Business Perspective

Assumptions do not work well while you are implementing security measures. Predicting a hacker‘s behavior or how he detects a bug to tamper with the organization’s critical data is not easy. Adopting a forward-thinking process helps you to approach the issue differently and diversely for the prevention of cyber attacks.

Cybersecurity measures can be based either on the assumption of success or the assumption of failure. A cyber security measure factoring in only failure may urge organizations to implement detective controls more than preventive controls and correct them. The ultimate aim of security programs or companies is to introduce detection and correction measures that carry less cost with enhanced security.

One point the cybersecurity experts and government compliance and risk management experts commonly agree on is that cost reduction is a must when it comes to designing a new security feature.

Cybersecurity Testing: A Gateway Of The Future IT Systems

Businesses should adopt cybersecurity practices that focus on stabilizing innovation to grow sustainably. While leaving traditional approaches and embracing automation, cybersecurity solutions should be streamlined in parallel. Cybersecurity is another aspect apart from cybersecurity testing that mitigates risks and enhances IT processes. 

The future of cybersecurity testing in South Africa looks bright. With the continued growth of the internet and online services, the need for cybersecurity testing will only grow. South Africa has many advantages that make it well-suited for providing cybersecurity testing services. First, the country has a strong base of IT professionals with a wide range of skills and experience. Second, South Africa has a large number of universities and other educational institutions that offer courses in computer science and information security. Finally, South Africa is home to several companies that are leaders in the field of cybersecurity. These factors all contribute to making South Africa an attractive destination for cybersecurity testing.

Smart Solution for Cybersecurity Testing: BugBounter

BugBounter offers scalable solutions to businesses to enforce high security in their systems and protect their data from harmful threats. BugBounter provides 24/7 availability, scoping flexibility, and cost-effective manual penetration testing services with 2200 cybersecurity experts. One major advantage of signing up with BugBounter is that they don’t charge their clients unless there is a valid bug report coming from the cybersecurity experts.

Organizations that deal with multiple tasks every day can take their extra load off their shoulders by outsourcing cybersecurity programs with BugBounter. From creating bug bounty programs, restraining attacks from malicious hackers or organizations to creating a secure ecosystem is their forte. By identifying possible bugs or damages beforehand, BugBounter helps organizations to grow steadily and achieve better ROIs with shorter runtimes. It also helps overcome vulnerabilities by assigning experts immediately to any kind of security requirement from the client. Connect with BugBounter to get your systems tested today!

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As the BugBounter Team, we’re working hard to make our informing content accessible at all times. You can listen to this webinar on Spotify. Click here to listen to this webinar on Spotify.

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Every CFO Should Ask These 3 Cybersecurity Questions

The digital world keeps evolving every day, which makes it even more complicated to understand its processes through every step of its transformation. So, with this rapid growth in the picture, one can witness the rise of cyberattacks on digital platforms. Even businesses with advanced preventive and security measures are susceptible, as seen by the rapid technological advancement of cyberattacks. To keep all of these at bay with proper protection, one needs to have a cybersecurity team backing them up. Asking the right questions will help you identify your company’s most vulnerable areas and put together a plan to protect them. With the right precautions in place, you can minimize the chances of a costly and damaging breach.

The Importance of Cybersecurity

Cybersecurity is a cross-functional solution directed at the digital organization and necessitates executive and board-level oversight to strengthen the system. The solution also necessitates the participation of essential departments, particularly finance and corporate risk management (ERM). A company’s Chief Financial Officers (CFOs) should ensure that this issue is not reduced to rote quarterly reporting by the IT team because most CFOs oversee ERM process owners daily.

Cybersecurity in the world of FinTech

In recent years, FinTech companies including finance and banking have become increasingly popular, as they provide innovative solutions to common financial problems. However, these companies are also attractive targets for cybercriminals, as they often hold large amounts of data. As a result, cybersecurity is a serious concern for FinTech companies. There are several steps that these companies can take to protect themselves, such as encrypting data and implementing strict access control measures. In addition, FinTech companies should also have comprehensive disaster recovery plans in place in case of a successful attack. By taking these precautions, FinTech companies ensure that critical assets are secure from cybercriminals.

Essential Questions To Be Asked By The CFOs

The CFOs must be updated on their company’s security concerns. Chief information security officers (CISOs) and other safety professionals at the forefront of IT must be consulted to achieve this since they are the most informed individuals inside the company. The three critical questions that every CFO must ask and know the answers are as follows.

“How Safe Is The Organization’s Cyber System?“

As the CFO of a FinTech organization, the priority should be the safety of your company’s cyber system. In today’s increasingly connected world, data breaches are becoming more and more common, and fintech companies are often targeted by hackers. Ideally, it is vital to ensure that your company’s cyber security is up to par. There are a few key questions you should ask to assess the safety of your system:

  • How easy would it be for a hacker to penetrate your system?
  • What kind of damage could they do?
  • Are there any weak points in your system that could be exploited?

By asking these questions, you can get a better understanding of the risks your company faces and take steps to mitigate them. In doing so, your company’s data remains safe and secure.

Organizations may assess their degree of potential threat using several concrete criteria. It is necessary to be aware of the number of intrusions or assaults the company has been subjected to. Many organizations fail to see the more minor risks their companies are open to and only concentrate on the more significant attacks. This can cause severe damage to the company as they move forward with its business. Therefore, the CFOs should consult with cybersecurity experts and work their way into protecting the system.

“What Are The Security Risks Prevailing in the Industry?“

As a CFO of a FinTech company, it is essential to be up-to-date on the latest security risks in the industry. Unfortunately, the ever-changing landscape of financial technology makes it difficult to keep track of all potential threats. However, by asking the question “What are the security risks prevailing in the FinTech industry?”, you can stay one step ahead of the criminals. Some of the most common risks include data breaches, phishing scams, and malware attacks. By understanding these risks and taking steps to prevent them, you can help keep your company’s data safe and secure. In addition, it is also important to educate your employees about these risks and encourage them to report any suspicious activity. With these security measures, you can help protect your company from the ever-present threat of security breaches.

The CFOs should know the latest attack methods against all industries, specifically those directed toward their industry. They should streamline the possible attacks and place a security system that can withstand them even before the attack is posed on the organization. It would be better to be cautious beforehand rather than wait until everything is down the drain. So, the CFOs should constantly keep in touch with the cybersecurity experts and seamlessly protect the company from external attackers.

“What Would Be The Effect Of Not Having A Cyber Control In The Organization?“

In today’s digital age, data breaches and cyber-attacks are too common. Without adequate cyber controls in place, your organization is at risk of suffering serious consequences. A data breach could result in the loss of sensitive customer information, which could damage your reputation and cost you dearly in terms of both money and customers. A cyber-attack could cripple your operations and put you out of business entirely. The stakes are simply too high to ignore the importance of cyber security.

The biggest hassle with cybersecurity in fintech is the return on investment (ROI). Measuring it can be tricky as the return is the possible return that manifests as something not occurring, like a cyber-attack. Nevertheless, it stands to reason for CFOs to question cybersecurity experts about the probability of a particular assault happening, the amount it may incur for the company, and the risks of not having one. Once you have a clear grasp of the finances and budgeting around the cybersecurity systems, you can be sure about how to handle the situation during the crisis of cyber attacks.

BugBounter – The Ideal Cybersecurity Expert

BugBounter can be your perfect solution provider, who can help you discover the vulnerabilities in your systems. Moreover, the bug bounty swoops to find potential threats and stands as a wall of protection for the organization so they can function seamlessly. With our more than 2700 cybersecurity experts, you would always be one step ahead whenever there is one storming at your organization. Connect with BugBounter to get your systems tested by our cybersecurity experts today.

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July 2022 Highlights | What happened in the Cybersecurity World?

Moving into the second half of the year, one must keep a constant eye on the recent hacking news. This past July 2022 was an interesting month in the world of cybersecurity. A few mentionable events occurred that business leaders should be aware of. Here’s what happened.

July was a busy month for cyber security professionals, with several high-profile incidents making headlines. Read Bugbounter’s recap of July 2022 cybersecurity highlights to know more about the latest hack news.

T-Mobile to pay $350 mn in a data breach affecting 77 million users

T-Mobile has agreed to pay $350 million to federal and state regulators following an investigation into a data breach that affected nearly three-quarters of its customers. The mobile carrier admitted that it had failed to adequately protect the personal data of its users, including names, addresses, and birthdates. Hackers accessed this information by taking advantage of the vulnerabilities in T-Mobile’s website. The company has since taken steps to improve its security, but the incident highlights the importance of data security for all businesses. This case also serves as a reminder that consumers need to be vigilant about their own data safety, as well.

Several Android Apps on Google Play Store Caught Dropping Banking Malware

The malware, known as Anubis, is designed to steal users’ financial information and login credentials. Once installed, the Anubis malware will display fake login screens for popular banking and financial apps. When victims enter their financial information into these fake login screens, the Anubis malware will send the data to a remote server. The attackers behind the Anubis malware can then use this information to commit fraud and steal money from victims’ bank accounts. This malware is designed to steal personal and financial information from users, including login credentials and credit card numbers. In some cases, the infected apps also created vulnerabilities by gaining access to users’ contacts, text messages, and location data.

Spanish Police Arrest Two Nuclear Power Workers for Cyber Attacking the Radiation Alert System

The Spanish National Police have announced the arrest of two workers at the country’s nuclear power plants for allegedly carrying out cyberattacks on the radiation alert system. The arrests came after an investigation when authorities discovered that someone had tried to disable the alert system several times. The two suspects, who have not been identified, are thought to have used their positions at the plants to gain access to the alert system and carry out the attacks. The arrests come as Spain prepares to close its last nuclear power plant in 2025 and shift to renewable energy sources.

Google Delays Blocking 3rd-Party Cookies in Chrome Browser Until 2024

Google announced that it is delaying blocking third-party cookies in its Chrome browser until 2024. The plan was to phase out the use of cookies by 2022. However, it said it needs more time to develop alternatives that will “advance privacy and security for users” while supporting publishers and advertisers. Cookies are used to track the visitor’s behavior and serve targeted ads. Google’s proposed solution, dubbed the Privacy Sandbox, is designed to allow publishers and advertisers to continue using cookies while protecting user privacy. However, the company has faced criticism from some who argue that the solution does not go far enough in protecting users’ data.

The U.S. Offers $10 Million Reward for Information on North Korean Hackers

The United States Department of State has announced a $10 million reward for information regarding the identification or location of any individual who works with or for the North Korean government for global cybercrime. North Korea has recently been implicated in several high-profile cyber attacks, including the Sony Pictures hack, the WannaCry ransomware attack, and the 2014 hack of JPMorgan Chase. The State Department hopes the reward will encourage anyone with information about North Korean hackers to come forward. The information they provide could help to prevent future attacks and put the guilty behind bars.

Hackers Increasingly Using WebAssembly Coded Cryptominers to Evade Detection

Cryptocurrency mining malware is on the rise, and hackers are increasingly turning to WebAssembly as a way to evade detection. WebAssembly is a compact bytecode format designed for safe execution in web browsers. However, it can also be used to execute malicious code, and cryptocurrency miners are a prime target for attackers. Cryptocurrency miners generate new coins, which can be very profitable for attackers. However, they consume excessive resources, slowing down or even crashing a victim’s computer. By coding their miners using WebAssembly, hackers can ensure that their miners run efficiently and avoid detection. Unfortunately, this trend will likely continue as cryptocurrency prices rise. As a result, users must be vigilant about malicious activity on their computers and ensure that their security software is up-to-date.

The Twitter Accounts of Major Corporations and Celebrities were Hacked in a Synchronized Attack

In what appears to be a coordinated attack, the Twitter accounts of several major corporations and celebrities were hacked in July 2022. The compromised accounts have all posted tweets containing profanity, and the attacks seem to have originated from a third-party website that provides services for managing Twitter accounts. However, Twitter is currently investigating the matter and has taken steps to secure all affected accounts. This incident highlights the importance of proper security measures for all online accounts, especially those with many followers.

Bug Bounty Programs to Stay Safe and Secure

Organizations of all sizes face an increasing number of cyber security threats. Bugbounter offers a comprehensive suite of services assisting organizations safeguard their data and systems. Our team of 2000+ cybersecurity experts provides cost-effective manual penetration testing services. They are available 24/7 to conduct penetration tests and provide guidance on mitigating risks. We offer scoping flexibility to ensure that our services meet each organization’s unique needs, and our prices are highly competitive. Connect with us to know more about how we can help you secure your data and systems. Increase security and discover vulnerabilities by going beyond traditional assessments.