ZENEDGE in the News

Daily News Reports from MIS Asia: Ransom DDOS attacks hit Malaysian financial firms: Experts advise action plan for IT

Stephen Gates, Chief Research Intelligence Analyst at Zenedge, offers opinion on this latest DDoS attack breakout on Financial Firms in Asia:

"DDoS attacks are extremely easy to defeat, when the right defenses are "already" in place. Organizations who have prepared for the inevitable can completely ignore DDoS ransom threats from those who are looking to make a quick profit, from their threats of attack. Those who do pay the extortion demands are adding nothing more than "fuel to the fire" for the rest of us. Implementing the right defenses today is as simple as making a phone call." 

From MIS Asia-The Home of Enterprise in Asia, By Avanti Kumar:

Digital security agency CyberSecurity Malaysia has confirmed that as of Friday (7 July 2017) a DDOS attack has hit four financial firms.

Early reports suggest that the DDOS (distributed denial of service) attacks, which come close on the heels of the recent WannaCry and Petya-variant threats, focused on several online brokerages on Wednesday (5 July 2017) and then on Friday.

Dato' Dr. Haji Amirudin Abdul Wahab (pic below), chief executive officer of CyberSecurity Malaysia, said: "We are investigating, monitoring and working closely with other agencies to mitigate this threat. As of Friday, 7 July 2017, we received a total of four (4) reports on this threat."

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From CB Insights with Zenedge - Old School Vs. New School: How Artificial Intelligence Is Transforming Cybersecurity

27 June, 2017 - Blog - We detail how cybersecurity startups are using AI to take a new approach to counter some of the most significant cyber threats.

Cybersecurity companies saw a record number of funding deals last year and on a quarterly basis Q1’17 was the most active quarter for deals to private cybersecurity companies over the last five years. Alongside overall rising investment activity, a number of cybersecurity companies are emerging to offer up novel solutions to age-old cyber threats by leveraging artificial intelligence (AI). According to CB Insights’ AI Deals Tracker, cybersecurity is the fourth most active industry for deals to companies applying AI.

Topics: DDoS Cyber attack mitigation machine learning artificial intelligence Cryptocurrency DDoS london cyber attacks, cybersecurity, cyber mitigation robots bots chicago san francisco

Daily News Reports from The Miami Herald with An Exclusive of ZENEDGE CEO Yuri Frayman: What’s next after ‘massive disruption’ from cyber-attack? A view from the trenches

By Nancy Dahlberg, Technology Editor at the Miami Herald

As the cyber-attack continues to spread around the globe causing massive disruption and damages for universities, hospitals, automakers and many other businesses including FedEx, only one thing is certain: It won’t be the last. 

That’s because the cyber criminals are running a multi- billion enterprise with the help of ultra-sophisticated tools, said Yuri Frayman, co-founder and CEO of Aventura-based cybersecurity company Zenedge. The company, which launched in 2014 after two years of development, helps companies worldwide protect their web applications and networks against cyber-attacks with its proprietary technology.

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Daily News Reports from ZDNet: The average DDoS attack cost for businesses rises to over $2.5m

By Charlie Osborne for Zero Day  - Read Full Article - Neustar says that the enterprise is finding it more difficult than ever to stem the financial cost of DDoS campaigns. DDoS campaigns are on the rise and the enterprise can now expect a bill of at least $2.5 million every time they become a victim.

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Interview by CryptoCoinNews: ZENEDGE Debuts Always-On DDoS Protection, Sees Benefit For Crypto Exchanges

Interview of Leon Kuperman, CTO by CryptoCoinNews Elliot Maras

Topics: Network DDoS Gaming DDoS Bitcoin DDoS Cryptocurrency DDoS Exchange DDoS