Category Archives: IronCAP

10.6 Million of MGM’s Customer Data Records Leaked After Breach

Hackers Leak Data
10.6 million customer data records were published on a hacker’s forum this week. The hotel chain MGM was breached last year and notified individuals affected afterwards. Personal information contained names, contact information and addresses of many high-profile individuals travelling for business.

“Last summer, we discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests of MGM Resorts,” MGM told ZDNet. “We are confident that no financial, payment card or password data was involved in this matter.”

Personal information should be protected by multiple safeguards. Encryption is one important tool. When encrypted personal information is stolen, the encryption must be broken before the records can be accessed and distributed. Powerful computers over time and quantum computers can crack traditional RSA encryption.

IronCAP is a quantum-safe encryption solution. Even if personal information is stolen, when encrypted by IronCAP the data will be inaccessible. Be protected even in the case of a data breach or hack.

Protect your customer’s information and your company’s important data with IronCAP’s quantum-safe encryption. Visit our website for more information or email sales@ironcap.ca to learn more.

Read the full story on ZDNet below:
https://www.zdnet.com/article/exclusive-details-of-10-6-million-of-mgm-hotel-guests-posted-on-a-hacking-forum/” rel=”nofollow”>

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Coming Soon IronCAP X Product Could Have Saved AIG $6M in Cyber-Insurance Payout!

IronCAP

Jeff Stone at CyberScoop reported that Insurance company AIG is responsible to reimburse a $6M loss to a client using their cyber-insurance. The client SS&C Technology was fooled by hackers in 2016, who sent spoofed emails pretending to be a legitimate supplier asking for payment. AIG denied the claim at first. The issue went to federal court and was ruled in SS&C’s favor.

These types of attacks are more common and costly than one might think. “Such attacks, known as business email compromise (BEC) scams, cost organizations an average of $301 million every month in 2018, the U.S. Department of Treasury previously determined.”

IronCAPX is an email security product that is coming soon. IronCAP X allows senders to digitally sign the email, so that recipients can trust the legitimacy of the sender. Moreover, IronCAP X digital signature feature is not only safe today but also in the future world of #quantumcomputers.

For more information, send us a message. For more information about the news, see the original article: https://www.cyberscoop.com/aig-cyber-insurance-ssc-technologies/

#encryption #cybersecuritynews #quantum #ironcap #cryptography #nist #01communique #cyber #datasecurity #infosec #hacking

IronCAP’s $100,000 Hackathon Closes, IronCAP Proves Un-Hackable!

Events, IronCAP

See our video announcement at https://youtu.be/04mXG982J5Q

After much anticipation, IronCAP’s hackathon has come to a close. 517 entrants from around the world patiently wait to hear the results, as do our investors and partners.
We are so excited to announce that not a single hacker was able to crack IronCAP’s encryption! Despite 30 days to adequately study, test and hack IronCAP’s encryption, IronCAP’s encryption engine stood strong.

To our knowledge, IronCAP is the first quantum safe encryption product to successfully survive a hackathon challenge. This hackathon has shown customers and partners that IronCAP is the best choice for post-quantum encryption.

Developments in the quantum computing space are announced weekly. More large companies are entering the space of developing quantum computers (e.g. Intel) and making them more accessible to the world (e.g. Amazon Braket). The implications of stronger chips and greater accessibility are that the need for protection grows by the day. Don’t let your company become vulnerable to these powerful machines because you started your migration efforts too late.

01 Communique is leading quantum safe encryption and working with new customers, partners and investors every day. If you would like to begin integrating IronCAP into your security suite, or partner with us, email mj.tullo@ironcap.ca to get started.
For more information about our hackathon, see our infographic – https://hubs.ly/H0mhHsT0

 

Technology_Speakers_at_Hackathon KickOff

IronCAP’s Tech Talks & Hackathon Kick Off Sold Out!

Events, IronCAP

IronCAP hosted a sold out afternoon of tech talks and celebration. Along with Andrew Cheung, CEO of 01 Communique, other speakers included Jennifer Quaid of Canadian Cyber Threat Exchange (CCTX), Joanna W. Ng of Devarim Design and Lois Tullo ICD.D MBA CPA of the Global Risk Institute! All of the talks were interesting, thought-provoking and slightly anxiety-including. Attendees learned about the state of cybersecurity and how to quantify and manage cyber risk, AI & IOT. Attendees gained a better understanding of quantum computing and the threat it poses to traditional encryption. Andrew and the IronCAP team were excited to share the news about IronCAP’s expert validation, and LIVE public validation – our $100,000 hackathon! Register on our homepage.

 

If you would like Andrew Cheung / IronCAP to do a private presentation of their content at your meetup, workshop, internal company conference, or external conference, please send an email requesting information to mj.tullo@ironcap.ca. Recently, we presented at Leading Cyber Ladies Meetup: https://www.linkedin.com/feed/update/urn:li:activity:6597716376566272000/

More information about each of the speakers are below, along with a link to a clip of their talk found on our youtube channel available shortly (https://www.youtube.com/channel/UCrbGgkSemPtfQgpKX8stySg)

The Cybersecurity Speaker was Jennifer Quaid, Chief Operating Officer at the Canadian Cyber Threat Exchange (CCTX)! Jennifer discussed the current state of cyber threats, the cost of complacency and the growing importance of collaboration in securing ourselves. She also shared the potential impact of quantum computing on our cyber resilience, as well as some shocking stories about a hack on a Las Vegas Casino.

The Quantum Computing speaker was Andrew Cheung, who is the CEO of 01 Communique. Andrew is a serial entrepreneur and a co-inventor of 7 patents plus several patent-pending applications, with over 25 years of experience in communications, mobile, and cyber security solutions development. Andrew discussed the state of quantum computing and innovations in the field. He also shared news from IronCAP’s public endorsements from Dr. Persichetti in Florida as well as the CIO Review as the editor’s choice for most promising quantum computing solution.

The Risk Management Speaker was Lois Tullo from the Global Risk Institute! She discussed risks, cyber-attacks and the trend of Cyber Dependency. She also discussed risks and opportunities that Quantum computing presents and a framework for managing non-financial risks and trends.

The Artificial Intelligence Speaker was Joanna W. Ng of Devarim Design & IBM Master Inventor! Joanna gave an overview of Artificial Intelligence including intelligent virtual assistants like Amazon’s Alexa, Google’s Assistant etc., an important application of AI. She shared upcoming innovations such as enterprise intelligence enabled by the integration of AI, IOT, 5G and Blockchain.

 

 

 

If you would like Andrew Cheung / IronCAP to do a private presentation of their content at your meetup, workshop, internal company conference, or external conference, please send an email requesting information to mj.tullo@ironcap.ca. Recently, we presented at Leading Cyber Ladies Meetup: https://www.linkedin.com/feed/update/urn:li:activity:6597716376566272000/