Enterprise, Internet Security

How do companies protect against a security breach?

It is no secret that any criminal will have his eyes on the biggest piece of cake he can acquire….

It is no secret that any criminal will have his eyes on the biggest piece of cake he can acquire. It is no different when it comes to cybercriminals. And for them, their favorite desserts are the big tech companies. That is why it is so important for every company to do what they can to protect against a security breach.

With huge amounts of sensitive/customer data around, exploiting just one company can give access to information worth millions of dollars!

No matter how protected business databases tend to be, hackers have very often been able to effectively slip through corporate security defense systems.

One recent example is the Petya Ransomware, a cyber attack predominantly targeted on Ukraine that caused havoc all across Europe and various other parts of the world with an estimated damage of more than $300 million to businesses – most of them being government organizations.

While large tech-companies invest millions of dollars on advanced defense systems, they are often defeated by stronger players in the wilds of the internet. It’s events like these that have pushed tech companies in stepping up their cybersecurity game like never before.

 

So, what do companies do to protect against a security breach?

 

Identity and access management (IAM) systems

Traditionally, identity management has been broadly defined as the set of policies, processes, and technologies used for managing access to information systems through the right individuals. It is the core network responsible for safeguarding digital data while effectively tracking system activities.

Even though the system itself is quite complex, the concept is simple – enhancing the privacy of data by limiting the various associated attributes to certain interactions.

 

Restricting use of unnecessary hardware and software

The higher the number of software or hardware connected to the network- the higher the number of possible exploits. Even though, software companies that sell their products to various IT firms make sure they are immune to cyber attacks, using a redundant program just isn’t worth taking the risk.

More often than not, giant tech firms make sure that different departments of their organization have devices connected to different servers, so that, even if one gets breached, the rest stay secured.

 

Background checks and constant monitoring

While IT firms carefully monitor for possible malware trying to attack their systems, there have been a good number of instances of intrusion from inside the network. No matter how high-caliber cybersecurity a company has, nothing can stop sensitive data from being stolen if it is operated by someone having a different purpose.

Lately, tech-firms have started resorting to serious background checks and screenings before giving access to important information to their employees.

 

IT training

Tech-firms and hackers, both, are well aware of each others’ goals! What that means is hackers know that their potential targets have taken the mandatory measures to try to keep them at bay from attacking their servers. Cyber culprits, however, have more than a dozen ways of sneaking into systems which they successfully achieve by capitalizing on human error.

Tech-firms have paid significant attention on developing a corporate culture focusing on security training programs aimed at teaching their employees the risks of negligent use of networks, phishing content, careless password management and improper disposal of information.

 

Encrypting Data

While having sensitive data stolen is a nightmare itself, things get a lot worse when this stolen data can be used for the wrong purposes. One way to keep data safer is by converting it into a code which can be decoded only by the entity with the decryption key. This doesn’t mean hackers might not have a solution of converting encoded information into a readable form. However, it certainly makes things harder for someone trying to obtain unauthorized access.

 

Strong Passwords and Password Managers

Using strong usernames and passwords should be a no-brainer. However, what is more important is properly storing them and that is where a password manager comes to play.

Password managers are software that saves usernames/passwords and keeps them encrypted. However, the risk here is the software itself as it is the master program containing all the passkeys. A security issue with it is enough to create a potential security risk.

 

Having information stolen is the last thing any organization would want to happen, especially if it is that of their clients. Not only it is a matter of reputation, a company might face serious legal issues for not being able to protect their customer’s information.

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Internet Security

Trump’s Republicans Want a Coup

Michael Flynn, the retired general who briefly served as Donald Trump’s national security adviser before being fired for lying about conversations he had with the Russian ambassador, spent Memorial Day weekend advocating for the U.S. military to overthrow the government. A keynote speaker at the For God & Country Patriot Roundup in Dallas—a conference popular…

Michael Flynn, the retired general who briefly served as Donald Trump’s national security adviser before being fired for lying about conversations he had with the Russian ambassador, spent Memorial Day weekend advocating for the U.S. military to overthrow the government. A keynote speaker at the For God & Country Patriot Roundup in Dallas—a conference popular with QAnon believers—he was asked on Sunday by an attendee, “I want to know why what happened in Myanmar can’t happen here.” Flynn replied, “No reason. I mean, it should happen here.”Flynn attempted to walk back the comments on Monday on Telegram, the social media network favored by right-wing extremists. “There is no reason whatsoever for any coup in America, and I do not and have not at any time called for any action of that sort,” he wrote, adding that “any reporting” suggesting otherwise is a “boldface fabrication.” But Flynn’s meaning couldn’t have been clearer: He was endorsing a military coup, to an audience of people who believe a convoluted conspiracy theory that Trump is secretly at war with a shadowy cabal of pedophiles linked to the Democratic Party.Flynn’s comment, extreme as it was, is increasingly representative of today’s Republican Party. Sidney Powell—the former federal prosecutor whose batshit election conspiracy theories earned her admission to, and then exile from, Trump’s postelection legal team last year—was also a keynote speaker at the conference. She told attendees that Trump should be “reinstated” as president and move back into the White House. (Powell did have some bad news, however: The Constitution would not give Trump credit for “lost time,” she noted, and he would merely be able to serve out the rest of Biden’s term.) But why point merely to Trump’s minions when we can source the man himself? According to The New York Times’ Maggie Haberman, Trump has been telling people that he “expects he will get reinstated by August.” Trump has not specified how he would be reinstated, but the answer is easy to conjure: a coup. Late last year, when Trump was launching dozens of frivolous election-related lawsuits, Republicans backed him. Using the courts to challenge elections was lawful, even if he was doing it in a silly manner, they argued—but it was hardly a coup. After all, the courts were involved. After the January 6 insurrection at the U.S. Capitol and Trump’s subsequent banishment from mainstream social media, these same Republicans—and many Democrats—hoped he would simply retreat into exile at Mar-a-Lago and be largely forgotten. But that hasn’t happened. Instead, the coup talk continues to escalate. Trump is hardly being shy about it. The sad, grandiosely named blog he launched last month—From the Desk of Donald Trump—consists mostly of rambling posts about how the election was stolen from him. On Memorial Day, for instance, he suggested that someone broke into the area in Fulton County, Georgia, where ballots were being held. Other recent posts suggest “massive numbers” of dead voters and demand unwarranted “forensic audits,” like the deranged one currently being done in Arizona, across the country.The wave of voter suppression bills that have been introduced and passed across the country should be seen as a part of this increasing focus on undoing a legitimate election. Even those Republicans who don’t explicitly endorse the looniest things said by Flynn, Trump, and others are fully backing this project. A majority of them—64 percent, per a Quinnipiac poll released last week—don’t even see Biden as a legitimate president. Roughly the same number hope Trump will run again—something he has indicated he will do, as long as his health allows it. Republicans in Congress like Kevin McCarthy, Lindsey Graham, and Rick Scott have traveled to Mar-a-Lago to kiss the ring. “Mar-a-Lago and Palm Beach are the center of the Republican universe right now,” Trump spokesman Jason Miller said last month. “All Republican roads lead to Mar-a-Lago. He’s the biggest name in politics, and everybody wants his support and endorsement.”Democrats have welcomed Trump’s relative retreat from the spotlight, allowing them to push Covid relief, infrastructure spending, and other policy goals without having to compete with him for the media’s—and thus the public’s—attention. But Trump’s claims about the 2020 election have gotten more bombastic and unhinged than they were before the Capitol insurrection, and the right’s violent rhetoric likewise has flourished. Flynn’s opinion that the United States should have a coup like “what happened in Myanmar” has shocked a lot of political observers these past few days, but that says more about these observers than it does Flynn. He’s merely a reflection of a fast-growing orthodoxy in the GOP—and January 6 was just a trial run.
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Internet Security

Plethori Is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors

London, UK, May 31, 2021 – (ACN Newswire) – Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining…

London, UK, May 31, 2021 – (ACN Newswire) – Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.Plethori Brings Financial InclusivenessSoon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.Plethori GovernancePlethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.ConclusionPlethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.Social LinksTwitter: https://twitter.com/plethoriTelegram: https://t.me/plethoriMedium: https://medium.com/plethoriMedia ContactCompany: PlethoriContact: Callum Mitchell-ClarkEmail: [email protected]: https://plethori.com/SOURCE: Plethori Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
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The Best Cryptocurrency Solutions for Enterprises

Enterprises need to follow modern trends, and B2BinPay crypto wallets are the best choice to obtain. Look through the main pros for enterprises and their customers. The best crypto solution for enterprises Since the crypto market has got support from major players and institutional investors, the community cannot ignore this fast-growing trend. Digital assets open

Enterprises need to follow modern trends, and B2BinPay crypto wallets are the best choice to obtain. Look through the main pros for enterprises and their customers. The best crypto solution for enterprises Since the crypto market has got support from major players and institutional investors, the community cannot ignore this fast-growing trend. Digital assets open
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Internet Security

OpenOcean Aggregates Loopring Ethereum Layer 2

OpenOcean has revealed that they will be aggregating Loopring Ethereum Layer 2 on the OpenOcean platform. This move is expected to reduce transaction fees as well as to speed up trading and maintain the same level of security as the main Ethereum chain (Layer 1). The official announcement by OpenOcean about aggregating Loopring Ethereum Layer…

OpenOcean has revealed that they will be aggregating Loopring Ethereum Layer 2 on the OpenOcean platform. This move is expected to reduce transaction fees as well as to speed up trading and maintain the same level of security as the main Ethereum chain (Layer 1). The official announcement by OpenOcean about aggregating Loopring Ethereum Layer […]
The post OpenOcean Aggregates Loopring Ethereum Layer 2 appeared first on Altcoin Buzz.
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