At 8:00 on Saturday, 31st August 2024, millions of people were poised to be part of pop culture history. Four days earlier, on 27th August, seminal Britpop heavyweights Oasis shocked the music world by finally confirming their long-awaited reunion. The reconciliation of brothers Liam and Noel Gallagher sent fans into a frenzy. For millions worldwide, it was essential to get tickets to one of the 17 announced gigs. The demand was enormous.

When Clorox was hit with a ransomware attack in 2023, the impact went beyond just the infected endpoints. Threat actors succeeded in taking many of the organization’s automated systems offline and impacted large retailers’ ability to order products from the manufacturer. There was significant operational downtime as it took Clorox over a month to contain the breach, and the resulting financial loss was in the tens of millions.

Researchers at Bitdefender warn that law firms are high-value targets for ransomware gangs and other criminal threat actors. Attackers frequently use phishing to gain initial access to an organization’s networks. “Phishing is one of the most common attacks in the legal field,” the researchers write. “Cybercriminals pose as legitimate entities, tricking employees into divulging sensitive information or clicking malicious links.

South Africa’s cybersecurity workforce shortage mirrors global trends, but also faces local factors like underinvestment in basic education, underserved communities, digital literacy gaps and challenges with data access.

The Better Business Bureau (BBB) has observed a six-fold increase in losses from investment scams over the past three years. The BBB has received more than 4,000 reports of investment scams since 2020, with the median reported loss rising from $1,000 in 2021 to almost $6,000 in 2024.

From the individual to the global level, managing risk is a part of life. While in some contexts, poor risk planning merely results in minor, inconsequential outcomes, in others, such negligence can be catastrophic. Take the July 2024 CrowdStrike incident, for instance, during which a faulty software update put global airlines out of commission, took broadcasters off the air, and cost the market upward of $5 billion in uninsured losses.

Syteca, formerly Ekran System, will showcase our latest advancements at International Cyber Expo 2024. At this event, we will unveil not only our refreshed brand identity but also our enhanced platform with new cybersecurity features. Our experts will demonstrate how you can leverage Syteca to effectively secure your organization’s inside perimeter by managing insider risks, providing secure access to sensitive resources, and monitoring user activity.

Download the “Solving the Crypto Trading and Operations Trilemma” cheat sheet The crypto trading and operations trilemma addresses three potentially complementary but opposing forces from an operations perspective – security, efficiency, and scalability. Security is the actual safety of your firm’s own funds, or those it manages on behalf of clients. Efficiency is how quickly you can respond to market moves, transfer assets, and settle balances.

The operational infrastructure for digital asset security has been continuously evolving – shifting from single-key hardware wallets, to multi-sig smart contract wallets, to MPC or HSM-powered wallets. This infrastructure improvement has created greater operational efficiency, enabling trading firms to deploy more capital without compromising on security.