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CLOSING THE 1% GAP THAT’S COSTING YOU MILLIONS

February 16, 2018

Worldwide enterprise security spending is expected to reach $96.3 billion in 2018, an increase of 8 percent from 20171 . Organizations are spending more on security than ever before, but the number and severity of cyber attacks is on the rise, resulting in hundreds of millions of dollars in losses for businesses worldwide. Despite advancements in cybersecurity, malware is still getting through existing defenses. Ofen malware exploits legitimate business applications through a single compromised endpoint to gain a foothold on an entire organization before spreading laterally, resulting in catastrophic data breaches, damage, and destruction. The constantly shifing cybersecurity landscape and the growing sophistication of attackers are making it exceedingly dificult to build prevention systems that can detect the newest exploits. This is especially evident when zero-day attacks such as WannaCry2 first break out, rapidly infecting organizations through a previously undetected flaw in computer operating systems. Even when a fix becomes available, the ransomware continues to spread at an incredible speed through companies who have not yet patched their devices.

Spotlight

Phirelight Security Solutions Inc.

Phirelight was created in 2001 by a team of defense intelligence, cyber security, and military experts who recognized the need to help organizations manage and protect their critical assets. Makers of rapidPHIRE, the new dimension in cyber intelligence, Phirelight empowers an enterprise to easily understand how their networks behave, while at the same time assessing and managing cyber threats in real time. Phirelight serves a client base of large enterprises, government, and SME organizations in Canada, the United States, and Europe. Along with the rapidPHIRE ecosystem of technology partners, Phirelight provides a full suite of solutions.

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Understanding Ransomware and Strategies to Defeat it

whitePaper | March 5, 2020

Held Hostage in Hollywood: In February 2016 the Hollywood Presbyterian Medical Center, in Los Angeles, paid a ransom of about US$17,000 to hackers who infiltrated and disabled its computer network with ransomware. The hospital paid the ransom of 40 Bitcoins (currently worth about $16,664) after a “network infiltration” began on February 5, when employees reported being unable to access the hospital’s network and electronic medical records system. “The malware locked access to certain computer systems and prevented us from sharing communications electronically,” said hospital CEO Allen Stefanek.

CLOSING THE 1% GAP THAT’S COSTING YOU MILLIONS