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."

To continue reading full article click here

Topics: DDoS Cyber attack mitigation data breach waf machine learning AI Cryptocurrency DDoS london cyber attacks, cybersecurity, cyber mitigation Miami asia malaysia

Daily News Reports from the Financial Times: Maersk, WPP and FedEx still struggling with cyber attack fallout

Stephen Gates, Chief Research Intelligence Analyst at Zenedge offers an opinion on the latest news featured below from the Financial Times:

"The incidents of Ransomware epidemics will continue for the foreseeable future. From legitimate websites hosting malicious updates, and people's continued inability to not get phished, to the usage of antiquated network protocols aiding in the lateral spread of infection, and the increase in copycat performers, experts all agree this is just the tip of the iceberg. Expect more of the same!" Please contact Zenedge here

By: Aliya Ram in London, Roman Olearchyk in Kiev and Henry Foy in Moscow 

Groups still feeling effects a week after ransomware spread from Ukraine

Some ports remain hobbled, packages are going missing and customers are struggling to place and track orders in the wake of the attack © Reuters

Global companies ranging from shipping lines to advertising firms are still struggling with the havoc wreaked by the huge cyber attack that last week swept from Ukraine to organisations in more than 60 countries.

AP Moller-Maersk, WPP,Reckitt Benckiser and FedEx all said their businesses were still not back to normal after the ransomware attack last week compromised hundreds of thousands of computers, industrial equipment and other technology.

Some ports remain hobbled, packages are going missing and customers are struggling to place and track orders, the companies said. Read full article here 

Topics: DDoS Web Application Security Cyber attack mitigation Web Application Firewall zenedge machine learning Ransomware bot manager managed security services steohen gates

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 itbusiness.ca: Conexys announces cloud-based enterprise-class bot detection, WAF with Artificial Intelligence and DDoS

MISSISSAUGA, Ontario – June 15th, 2017 – Conexsys Communications Limited is pleased to introduce its latest Managed Service offering, Encompass® Cloud, which provides cloud-based, managed cybersecurity for large and mid-sized enterprises in Canada. Powered by ZENEDGE, Encompass Cloud offers enterprise-class BOT detection, Web Application Firewall (WAF) & DDoS mitigation capabilities. 

Taking as little as 24 hours to deploy, and requiring no installation or hardware, Encompass Cloud is completely customizable and essentially creates a cyber security perimeter around an organization’s own perimeter – all web traffic flows through Encompass Cloud prior to going into the organization. Encompass Cloud protects websites, networks and DNS servers from malicious bot traffic, DDoS attacks, malware, and thousands of known and zero-day vulnerabilities. Of particular value to Canadian organizations is that data resides within Canada, and is monitored 24×7 by top cyber security experts. Continue reading full article here

Zenedge forms trusted partnerships around the globe to offer the most innovative Cyber defense systems. For more information, please contact us here

Topics: DDoS Cyber attack mitigation Canada machine learning cyber attacks, cybersecurity, cyber mitigation robots bots

Yuri Frayman, CEO, Zenedge, talks with ITSPmagazine about the latest NHS ransomware attack

Topics: Cyber attack mitigation zenedge healthcare cyber-insurance Pilot Growth cyberprotection cyber attacks, cybersecurity, cyber mitigation cybercrime patientdata healthtech NHS

Daily News Reports from the Washington Times: Mike Rogers, NSA chief, to Senate: Cyberattack on infrastructure ‘worst-case scenario’

By Dan Boylan  - NSA Director Adm. Mike Rogers, who also heads U.S. Cyber Command, warned Washington lawmakers Tuesday that America’s enemies in the cyberspace realm “have grown more sophisticated and assertive” — especially Russia — which is increasingly attempting to undermine democracies across the world through cyberattacks.

Topics: DDoS Cyber attack mitigation cyber terrorism zenedge waf cyber-insurance cyber attacks, cybersecurity, cyber mitigation zenedge bot manager washington dc

Daily News Reports from Enterprise Innovation:  Banks not doing enough to test cybersecurity posture

Reported By Allan Tan 8 May, 2017 -   “Evacuate? In our moment of triumph? I think you overestimate their chances.”

Topics: DDoS Cybersecurity Cyber attack mitigation Financial Services zenedge machine learning london cyber attacks, cybersecurity, cyber mitigation robots bots banking new york accenture

Daily News Reports from RECODE: Twitter bots are being weaponized to spread information on the French presidential campaign hack

Five percent of the accounts tweeting #MacronGate make up 40 percent of Tweets. BY APRIL GLASER

Topics: Cyber attack mitigation machine learning cyber attacks, cybersecurity, cyber mitigation botmitigation zenedge bot manager bot management Macron

Daily News Reports from WIRED Magazine: Don’t Open That Google Doc Unless You’re Positive It’s Legit

By LILY HAY NEWMAN -  If you get a Google Doc link in your inbox today, scrutinize it carefully before you click—even if it looks like it comes from someone you trust. A nasty phishing scam that impersonates a Google Docs request has swept the internet today, including a decent chunk of media companies. You’ve heard “think before you click” a million times, but it really could save you from a whole lot of hassle.

Topics: Cyber attack mitigation machine learning artificial intelligence Malware Ransomware cyber attacks, cybersecurity, cyber mitigation phishing

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.

Topics: DDoS Cyber attack mitigation DDoS Vendor Selection machine learning Network DDoS Cryptocurrency DDoS cyber attacks, cybersecurity, cyber mitigation botnet networks