Q & A Session with Mike Fabrico of TrapX Security (Part 2)

  LIFARS recently interviewed Mike Fabrico, Sales Director, TrapX Security of the US East Coast. In this three part interview, we discussed deception technology and why this approach to cybersecurity is growing in popularity amongst the largest companies in the world. TrapX Security currently leads…

Q & A Session with Mike Fabrico of TrapX Security (Part 1)

LIFARS recently interviewed Mike Fabrico, Sales Director, TrapX Security of the US East Coast. In this three part interview, we discussed deception technology and why this approach to cybersecurity is growing in popularity amongst the largest companies in the world. TrapX Security currently leads the market…

Chinese State Hackers Steal Highly-Sensitive US Navy Data: Report

Chinese state-sponsored hackers have stolen a massive trove of sensitive information from a US Navy contractor, according to the Washington Post. The data includes secretive US plans to develop a new kind of supersonic anti-ship missile launched by submarines and other ‘massive amounts of highly sensitive…

77% of Businesses Don’t Have a Response Plan for Cyberattacks

A study of over 2,800 incident response professionals conducted by IBM Resilient and the Ponemon Institute has revealed that a staggering 77 percent of respondents do not have a formal cybersecurity incident response plan in their organization. The ‘Third Annual Study on the Cyber Resilient…

Report: Chinese Government Behind Decade of Software Firm Hacks

Researchers have pointed the finger at Chinese intelligence officers, blaming them for nearly a decade’s worth of network intrusions for using advanced malware to infiltrate software companies in the US, Europe, Russia and elsewhere. According to a 49-page report published Thursday, the hackers used phishing…

‘Big Four’ Giant KPMG: No Business is Safe from Cyber Attacks

Businesses that operate online should ensure operational resilience whereas those in the financial sector should also focus on collaboration, says professional services giant KPMG. KPMG’s technical director of cyber security practice David Ferbrache has stressed the importance of companies addressing the cyber risks they face,…

Snapchat Phishing Attack Swipes Credentials of Over 50,000 USers

Details have emerged on a phishing attack which saw hackers steal the credentials of over 50,000 Snapchat users in an attack last year., According to the Verge, Snap’s director of engineering Chad DePue sent an email to company employees about a threat against users’ privacy,…

$3 Million in Cryptocurrency: Hackers Pull Off “One of Biggest Mining Operations” Ever

Hackers targeting the servers of popular open source Java-based automation program Jenkins CI have secretly minded millions of dollars in cryptocurrency, security researchers have determined. According to security researchers at Check Point, cybercriminals believed to be of Chinese origin could be behind a new malware…

Enterprises Spend Over $16 Million on Hidden Costs of Detection-Based Security

A new report from cybersecurity firm Bromium reveals that most organizations who deploy detection-based security to protect their systems also face soaring hidden costs. Deployment costs and upfront licensing as well as security-detection tools like anti-virus are dwarfed by costs incurred on human hires and…