Monthly Archives: April 2021

Defense against Out-of-Control Cyberattacks

According to the Hiscox Cyber Readiness Report 2021, the proportion of businesses targeted by cyber criminals in the past year has increased from 38% to 43%, with over a quarter of those targeted (28%) experiencing five attacks or more.  Additionally, one in six businesses attacked (17%) said that the financial impact had materially threatened the company’s future.

In 2020 and 2021 we have seen some large-scale data breaches at major global corporations as well as government agencies. These cyber-attacks don’t just expose your data but can also cause severe financial losses, hammer your customer trust and tarnish your company’s reputation.

Gareth Wharton, CEO of Hiscox Cyber said, “One of the big takeaways of this report is the worrying range of financial impacts that cyber-attacks can have…. The risk of inaction is that the next attack could be enough to sink the business.”

How to defend against these out-of-control cyberattacks?  The answer is to implement quantum cryptography.  It is a foolproof way to help preventing not only cyber threats today but also in the fast-approaching quantum era.  And IronCAP’s quantum-safe encryption is the best-in-class quantum cryptography available today.  It has passed the due diligence of its global partners, ascertained secure at 2 global hackathons and most importantly proven IMMUNE to attack methodologies used against traditional encryption systems such as RSA.

Cyber threats are real and ever increasing, and can turn catastrophic with the arrival of quantum computing.  Businesses and government agencies should not just “sit and wait”.  They need to act now to implement IronCAP’s cryptography to protect their data today and in the quantum future.

At IronCAP we strive to create a cyber smart community.  Be cyber smart with us.  To learn more, visit www.ironcap.ca.

Reference:
Insurance Journal
Hiscox Cyber Readiness Report 2021

Cyberattacks – recognized as a serious threat

On April 12th, 2021, Federal Reserve Chairman Jerome Powell said, “Cyberattacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008 financial crisis.”

If this isn’t a wake-up call to our cybersecurity, then what else is?

Powell also told CBS, “I would say that the risk that we keep our eyes on the most now is cyber risk.” This isn’t just a financial system risk but instead a global risk to all industries. The most recent leak of 533 million Facebook users’ personal information on a hacking forum was another wake-up call for the entire ecosystem. Is your encryption system better than Facebook?  Better than Microsoft?  Better than top government agencies?  If the answer is NO then you’ve got to hurry and do something about your cybersecurity strategy NOW!

IronCAP is the obvious choice for your cybersecurity for many reasons and here are the top TWO:

  1. Our unique, quantum-safe encryption technology is IMMUNE to attack methodologies used for traditional encryption systems such as RSA. Therefore, IronCAP can protect you from cyber-attacks TODAY and in the post-quantum era. This is not just us saying it but in fact PROVEN in 2 global hackathons (2019 and 2021). The IronCAP cryptography is unscathed, and the choice of many powerful industry leaders.
  2. The National Institute of Standards and Technology (NIST) has been studying encryption for the post-quantum era and has settled on a group of 15 finalists with two favorable approaches: one is the code-based cryptosystem, and two is the lattice-based cryptosystem. The code-based approach is time tested and powerful whereas the lattice-based approach is less time-tested than the code-based.  AND you will need to wait for 2-3 years for NIST to release the final result, which is to choose one winner from each category. Interestingly out of these 15 finalists there is just ONE candidate standing strong on the code-based approach, making it the obvious winner in this category.  IronCAP is based on the same 40-year-old, time tested, Goppa code-based methodology that’s recognized by NIST.

IronCAP’s quantum-safe cryptography keeps digital assets, digital infrastructure, trade secrets and customer data safe from hackers, whether they use traditional computers or quantum computing technology.

It is a no-brainer choice to have IronCAP to safeguard your data against cyber-attacks today, and in the post-quantum era.

Reference:
CNN article
Business Insider article

 

 

 

Protect Your Sensitive Data!

You have private conversations online? Confidential documents to share via email? We are saving all data!!! Right now, they are at risk so read on and you will thank us later.

We live in a new digital age where any transaction, big or small, can possibly take place ONLINE. We don’t mean only financial transactions, we mean all transactions – your name, email, birthday, government-issued IDs, conversations with friends, partners, colleagues and the list goes on.

Even before the COVID-19 pandemic hit, we witnessed a fast-paced digital transformation BUT the pandemic accelerated this transformation and forced everyone to go online for work, learning, shopping, meeting, communicating, etc.  This massive burst of online activities has triggered a new wave of online scams and frauds.  Hackers can now easily gain access to any of your data including, but not limited to, login credentials, private email conversations, banking details, etc. Hackers gain access to all these by using just one simple, inexpensive social engineering tool called “phishing”.

Fraudulent Phishers send billions of fake “security alert” or “need urgent action” emails and set up fake websites with false COVID-19 information luring individuals into clicking malicious links and/or entering their personal information.

Want to thrive and worry free from phishing scams?  Well, we got good news! IronCAP X is your solution and the end to phishing.

IronCAP X is a proven secure, end-to-end, quantum-safe email encryption software that will let you authenticate and digitally sign your email.  Recipients will know it’s a legitimate email if it’s coming from an IronCAP X user in their contacts.  For added security, the email is encrypted and can only be decrypted by the designated recipient.  In short, your email communication is safe, end-to-end encrypted, quantum-safe and digitally authenticated.

So why are you waiting?

Bonus! IronCAP X is free for personal usage. Sign up here: IronCAP X to save your private data from malicious actors.

You can also check us out on LinkedIn, Twitter and Facebook.