GUEST ESSAY: A roadmap for the finance teams at small businesses to improve cybersecurity

Small businesses, including nonprofit organizations, are not immune to cyberattacks. The average cost of a cybersecurity breach was $4.45 million in 2023, according to IBM’s Cost of a Data Breach Report, and over 700,000 small businesses were targeted in cybersecurity attacks in 2020, according to the Small Business Association. Nonprofits are equally at risk, and often lack cybersecurity measures. According to Board Effect, 80% of nonprofits do not have a cybersecurity plan in place. If you’re a small business looking for the secret sauce to cybersecurity, the secret is out: start with a cybersecurity policy and make the commitment to security a business-wide priority. Here is a 1 Page (simple) Plan; a Very Good Read:


MGM, Caesars Cyberattack Responses Required Brutal Choices

In this instance, both were victims of a Scattered Spider /ALPHV cyberattack. Caesars quickly negotiated with the cyberattackers, and handed over a $15 million ransom payout, which allowed it to proceed with business in relatively short order. MGM meanwhile flatly refused to pay, and just announced that its operations have been recovered after 10+ days of casino and hotel operational downtime (tens of millions of dollars in lost revenue later). While it's tempting to make a judgment as to which approach is better…


Black Hat Fireside Chat: Flexxon introduces hardened SSD drives as a last line defense

Creating ever smarter security software to defend embattled company networks pretty much sums up the cybersecurity industry. Cutting against the grain, Flexxon, a Singapore-based supplier of NAND memory drives and storage devices, arrived at Black Hat USA 2023 calling for a distinctive hardware approach to repelling cyber attacks.


Increasing collaboration among cybercrime gangs

You probably already know that the image of cybercriminals as lone hackers toiling away in a basement somewhere on their own — whether for their own amusement, to earn glory among other hackers, or to sabotage or steal from specific targets — is a very long way from the modern reality. Today, cybercriminal gangs are organized and sophisticated, operating more like modern software companies or traditional organized crime families. Or to be more precise, traditional organized crime has moved into the cybercrime space, driving out the older “mom-and-pop” operators.


Case study: How one large school district said “never again” to ransomware

When it comes to writing customer case studies, I always look for the human angle — a personal experience that readers can relate to. It’s not always easy to find, but when I spoke to Lacey Gosch about her experiences as Assistant Superintendent of Technology at Judson Independent School District, the human angle on her story was front and center.


REPORT SHINES A BRIGHT LIGHT ON DATA AND STORAGE

“Multiple billions of people and sensors and systems connected in billions of global networks have generated and will continue to generate immense quantities of data.” This quote comes from a new white paper penned by John Monroe of Furthur Market Research called Storage Management in an Age of Minimal Data Deletion. The paper examines the usage, forecasts and strategies for managing the ever increasing quantities of information. This BlogBytes article will review some of the key findings from this must read captivating research. Let’s dive in!


Tourists Give Themselves Away by Looking Up. So Do Most Network Intruders.

In large metropolitan areas, tourists are often easy to spot because they’re far more inclined than locals to gaze upward at the surrounding skyscrapers. Security experts say this same tourist dynamic is a dead giveaway in virtually all computer intrusions that lead to devastating attacks like data theft and ransomware, and that more organizations should set simple virtual tripwires that sound the alarm when authorized users and devices are spotted exhibiting this behavior.