Consolidation of maritime container carriers is showing profit, as seen in the capacity to calm freight rates during this extraordinary economic punch due to the world-wide Corona Virus pandemic. This is “fundamentally different” from past shipping calamities when decimated demand always led to a collapse in prices for container shipment, as recently reported by Sea-Intelligence.[1] “The consolidation of the past 20 years seems to finally pay off, in having created the possibility to mitigate
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Two week ago, T-Mobile announced it experienced a data breach which was caused by an email vendor being hacked and exposed the personal and financial information for some of its customers.
In early February 2020, our Red Sky Alliance RedXray service, which is cyber threat notification service that simplifies monitoring for organizations and supply chains, provided our collection and analysis to T-Mobile, regarding our discovered cyber threats (knowns as “hits”) in our proprietary collections....
Remember Mad magazine’s spokesman, Alfred E. Newman and his catch phrase, “What me Worry?’ This attitude is has taken root in many organizations’ views of cybersecurity and shows little improvement. Cyber security experts estimate that only one in three small medium sized businesses (SMB) and small municipalities, with 50 or fewer employees rely on free or consumer-grade cybersecurity products. Additional research indicated that one in five companies do not use any endpoint security either. A
Ransomware attacks have matured over the years, adopting more stealthy and sophisticated techniques, while at the same time fixing many of the implementation errors that earlier iterations had. Many attacks are now gaining a new data leak component, which exposes companies to more than the traditional data loss associated with ransomware. The trends observed by researchers over the past year indicate that these attacks are not going away and are likely to increase in frequency. With the adven
As of January 1, 2020, California became the first state to permit residents whose personal information is exposed in a data breach to seek statutory damages in amounts ranging from $100-$750 per incident, even in the absence of any actual harm, with the passage of the California Consumer Privacy Act (“CCPA”). The class actions that follow are not likely to be limited to California residents, but will also include non-California residents pursuing claims under common law theories. At Red Sk
It is getting more expensive for organizations that are victims of ransomware attacks to recover. The average cost more than doubled in the final quarter of 2019. According to a recent report, an average total cost of negotiation, remediation and ransom payment is $84,116. This amount is almost double the previous figure of $41,198.
This increase is not only the result of cybercriminals demanding higher ransom amounts, but the increase in the number of victims who are willing to pay the ranso
Summary
RedXray is cyber threat notification service that simplifies monitoring for organizations and supply chains.
In 2016, the World Anti-Doping Agency (WADA) commissioned an investigation into reports that the Russian government was sponsoring blood doping of Russian Athletes. Cybersecurity analysts worldwide witnessed cyber-attacks originating from the GRU-linked APT28, better known as “Fancy Bear,” aimed at anti-doping agencies such as the WADA. These attacks were carried out against age
