Tag: CyberSecurity

Identity Theft

The shift to digital platforms has led to a surge in identity theft fueled by cyber-attacks. Cybercriminals use AI to enhance these threats, employing deepfakes and AI-powered password cracking. Data breaches are on the rise, with the average cost reaching $4.45 million in 2023. Cybercriminals are increasingly targeting digital account openings and consumer identity credentials, […]

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Crypto Security

Crypto investing faces significant security challenges, including a steep learning curve, lack of traditional advisor support, and market volatility. In 2022 alone, $3.8 billion was stolen in crypto hacks, with decentralized finance (DeFi) platforms being primary targets. To protect oneself, it is recommended that you remain cautious of too-good-to-be-true opportunities, conduct thorough research, and avoid […]

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Zero Trust

Zero trust has transformed cybersecurity by eliminating reliance on traditional perimeter defenses, especially in an era of remote work, cloud services, and advanced cyber threats. Coined in 2009 by Forrester analyst John Kindervag, zero trust operates on the principle of “Never trust, always verify.” It emphasizes strict identity and access management, secure key management, and […]

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Zero-Day Exploits

Zero-day vulnerabilities present grave cybersecurity risks, representing unseen weaknesses in software exploited by hackers. These vulnerabilities often remain undetected by antivirus tools, leaving systems vulnerable to malicious attacks. The consequences of such attacks can be severe, ranging from data breaches to complete system compromise. To address this threat, companies have implemented regular security audits and […]

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Cyber Roundup

Welcome to this week’s edition of the “Bi-Weekly Cyber Roundup” by Canary Trap. At Canary Trap, it is our mission to keep you up-to-date with the most crucial news in the world of cybersecurity and this bi-weekly publication is your gateway to the latest news. In this week’s roundup, we’ll start by recapping the activities […]

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Phishing remains a pervasive cyber threat, utilizing various channels such as email, SMS, and phone calls to deceive victims into divulging sensitive information or downloading malware. With a history dating back to the 1990s, phishing has evolved into sophisticated techniques like spear phishing, business email compromise (BEC), and vishing. These attacks target individuals and organizations, […]

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Global Compliance

The complexities of global compliance pose significant challenges for businesses, amidst evolving laws and new technologies. Experts highlight the fragmented nature of digital regulations, emphasizing the need for proactive measures. With rising costs and hidden impacts on business operations, organizations are investing in Governance, Risk, and Compliance teams and leveraging AI and automation. Cloud providers […]

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