Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

PH Tech is a specialized services company that works with health insurance companies providing some of their business and administrative services. The company employs 211 people and serves a variety of businesses throughout Oregon and other locations. Because this company manages insurance enrollment, various customer service tasks, and payment services, the organization handles a great deal of personal and medical data that could have been exposed during the latest data breach.

2023 is a year of “digital forest fires.” The MOVEit and the Barracuda Networks’ email supply chain attacks underscore the massive butterfly effect a single software flaw can have on the threat landscape. Supply chain attacks spread like a forest fire. Once cybercriminals compromise widely used software, attackers gain access to potentially all organizations that use that software.

As the digital landscape expands, organizations are facing a complex challenge: managing access to an ever-growing number of resources, applications, and services. The traditional approach of using identity groups to handle access control is becoming increasingly untenable. So, let's explore the causes behind role explosion and discuss the need for a paradigm shift towards a more scalable and efficient access management strategy. ‍

Assisting with the creation of spear phishing emails, cracking tools and verifying stolen credit cards, the existence of FraudGPT will only accelerate the frequency and efficiency of attacks. When ChatGPT became available to the public, I warned about its misuse by cybercriminals. Because of the existence of “ethical guardrails” built into tools like ChatGPT, there’s only so far a cybercriminal can use the platform.

In the pursuit of advancing security and transparency in the digital asset industry, Fireblocks has published our MPC-CMP code as open source under a limited license, along with the rest of our MPC library. As the demand for digital asset custody, tokenization, and Web3 among retail and financial institutions continues to rise, Fireblocks MPC-CMP has proven to be the most secure and reliable key management protocol.