Category Archives: Industry News

News Round-Up from the Industry

Ransomware Attacks May Be Decreasing BUT Related Costs Are INCREASING!

Some good and bad news is coming out of the first quarter of 2019 regarding Ransomware Attacks. Dark Reading had some interesting statistics to share about the number of ransomware attacks decreasing. (Mind you, the verdict from the industry is … Continue reading

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Warning Investors of Cyber Security Risks to a Business’ Operations, Profitability and Share Performance – The New Norm?

This article from ZDNet was of particular interest to us as a Network Security Company and really hit home how much potential financial impact Cyber-Attacks can have on any and all private and publicly listed companies. The cloud-based team collaboration … Continue reading

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“Spending $1 on Prevention Now Can Prevent $100 (Or More) in Remediation Costs Later” – Forbes Magazine

Forbes recently had another article on a ransomware outbreak that resonated with us here at Wedge Networks. Ransomware has been wreaking havoc on a growing number of municipalities as of late, taking down both essential and non-essential services and causing … Continue reading

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Looks Like Your Insurer Probably Won’t Be Covering Your Latest Malware Breach…

So, this was a bit of an eye-opener on the financial effects from the latest corporate Malware breaches; Insurance Companies are declining coverage on the latest corporate malware breaches! In a recent article in the New York Times, it was … Continue reading

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IoT and Smart Cities – Protecting Them From Growing Security Concerns

I was fortunate to participate and present at the 2019 Smart Cities Summit and Expo in Taipei, Taiwan last week representing Canada’s leading cybersecurity Industries in a visit facilitated by the Alberta Taiwan Office and the Alberta Economic Development and Trade – Trade … Continue reading

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Weaponized Word Documents: Block Them BEFORE They Enter Your Network

A recent article, this time from GBHackers, brings to light yet another way that hackers are getting quick and easy gains – Banking Malware.  Banking malware, in this case the Emotet variety, is a banking trojan that can steal key personal information used for online banking such … Continue reading

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Norsk Hydro Ransomware A Week Later: What Is The REAL Target?

Going back to our previous blog on the ransomware attack that hit Norsk Hydro, in Norway, we’re hearing a bit more about the underlying piece of malware that was used in that attack, LockerGoga.  A brief article appeared yesterday on Fossbytes.com that … Continue reading

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Even With Adequate Backups in Place, Ransomware Hitting a Network Can Still Cause Disruptions and Have a Financial Impact

Ransomware is again in the news as of late; this time hitting one of the world’s largest aluminum producers, Norsk Hydro, in Norway.  As reported by Yahoo! Finance, Norsk Hydro was battling to contain a ransomware cyberattack yesterday that caused a … Continue reading

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Ryuk Ransomware – Still Netting CyberCriminals Payouts Through Attacks on Local Governments and Smaller Enterprises – So, What Should They Do?

Despite better security solutions now available to combat ransomware, old and new strains are still being utilized to great effect. The latest report from Bleeping Computer, is focused on the “Ryuk” ransomware, being used by a group in Eastern Europe … Continue reading

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Separ Malware – Showing That the Simple Attacks are Sometimes the Most Effective

Over the last week, more has been made public about the Separ Malware / phishing campaign that has been making the rounds, starting at the end of January.  Threatpost states that “it has affected around 200 companies and over 1,000 individuals, … Continue reading

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