New North Ventures’ Post

With companies increasingly relying on technology to drive long-term growth, the risk of losing money and data or systems failing due to accidental or malicious interference has never been greater 🔒 At SW, our dedicated team of Cyber and Technology experts can help find robust #insurance solutions, shaped around your business' needs 👨💻 To find out more about how we can keep your company secure and protected, visit ➡ https://lnkd.in/eZUMQvMj #CyberInsurance #ExpertAdvice #ShapedAroundYou

At the Datos Insights Financial Crime and Cybersecurity Forum, Entersekt's Chief Strategy Officer, Dewald Nolte, tackled the need for modern authentication solutions that enhance security and improve user experience. In this on-demand recording from the event, you'll learn: 📈 Why fraud is evolving faster than the tools developed to stop it 🗝️ Why outdated OTPs fall short in today’s fraud landscape 🔐 The importance of a unified authentication solution for financial institutions 🤝 The benefits of allowing customer-preferred authentication Watch now 👉 https://bit.ly/3Ynbr80

**Could the battle against ransomware ever truly be won?** In a significant move, US authorities have extradited a Russian national linked to the notorious Phobos ransomware strain that has wreaked havoc across the globe. With over $16 million extorted from more than a thousand victims, this case highlights not only the scale of cybercrime but also the ongoing challenges faced by law enforcement in tackling such sophisticated operations. The Department of Justice has taken note, stepping up its efforts to pursue those involved in these heinous acts. Phobos ransomware is dastardly; it encrypts files and demands hefty ransoms from victims under threat of leaking sensitive data. As cybercriminals continuously modify their tactics, organizations and individuals alike find themselves vulnerable to such attacks. This serves as a timely reminder for companies to invest in robust cybersecurity measures and stay vigilant against evolving threats. But what does this mean for businesses worldwide? Are we facing an endless cycle of attacks where ransom payments become just another cost of doing business? Or can we come together as communities to fortify defenses and deter such crime at its roots? The extradition signifies that authorities are not only pursuing justice domestically but are also increasingly working with international partners to bring offenders to book. It raises questions about future cooperation between nations when combating digital threats—will we see stronger international ties or escalation in tactics on both sides? As we navigate this challenging landscape, remember—boots-on-the-ground initiatives may not be enough without innovation on corporate fronts! For those looking to drive advancement within your organization or connect with startups embedding fresh tech strategies into their models—you can make strides towards corporate innovation today! 🚀 Connect with startups and drive your corporate innovation! Book a meeting now: https://lnkd.in/dFYwmbHq #CyberSecurity #Ransomware #Phobos #DOJ #CyberCrime #DigitalDefense #CorporateInnovation #TechForGood #ExtraditionNews #GlobalCollaboration Read more about this pressing topic here: https://lnkd.in/dB9mk2Tt

**Could the battle against ransomware ever truly be won?** In a significant move, US authorities have extradited a Russian national linked to the notorious Phobos ransomware strain that has wreaked havoc across the globe. With over $16 million extorted from more than a thousand victims, this case highlights not only the scale of cybercrime but also the ongoing challenges faced by law enforcement in tackling such sophisticated operations. The Department of Justice has taken note, stepping up its efforts to pursue those involved in these heinous acts. Phobos ransomware is dastardly; it encrypts files and demands hefty ransoms from victims under threat of leaking sensitive data. As cybercriminals continuously modify their tactics, organizations and individuals alike find themselves vulnerable to such attacks. This serves as a timely reminder for companies to invest in robust cybersecurity measures and stay vigilant against evolving threats. But what does this mean for businesses worldwide? Are we facing an endless cycle of attacks where ransom payments become just another cost of doing business? Or can we come together as communities to fortify defenses and deter such crime at its roots? The extradition signifies that authorities are not only pursuing justice domestically but are also increasingly working with international partners to bring offenders to book. It raises questions about future cooperation between nations when combating digital threats—will we see stronger international ties or escalation in tactics on both sides? As we navigate this challenging landscape, remember—boots-on-the-ground initiatives may not be enough without innovation on corporate fronts! For those looking to drive advancement within your organization or connect with startups embedding fresh tech strategies into their models—you can make strides towards corporate innovation today! 🚀 Connect with startups and drive your corporate innovation! Book a meeting now: https://lnkd.in/dFYwmbHq #CyberSecurity #Ransomware #Phobos #DOJ #CyberCrime #DigitalDefense #CorporateInnovation #TechForGood #ExtraditionNews #GlobalCollaboration Read more about this pressing topic here: https://lnkd.in/dB9mk2Tt

The best claims team in insurance by far and the reason why your clients should find comfort in Beazley as a long term player in the tech E&O and cyber market. We've got you covered. Insurance. Just different. #beazley

How does Beazley's small business Cyber and Technology claims team bring value to policyholders? Bolanle Akinrimisi, Esq. explains how our claims team can support a small business in an incident. Read more: https://ow.ly/SIPU50TYeVs #cyberrisk #beazley #cyberclaims

**Could the battle against ransomware ever truly be won?** In a significant move, US authorities have extradited a Russian national linked to the notorious Phobos ransomware strain that has wreaked havoc across the globe. With over $16 million extorted from more than a thousand victims, this case highlights not only the scale of cybercrime but also the ongoing challenges faced by law enforcement in tackling such sophisticated operations. The Department of Justice has taken note, stepping up its efforts to pursue those involved in these heinous acts. Phobos ransomware is dastardly; it encrypts files and demands hefty ransoms from victims under threat of leaking sensitive data. As cybercriminals continuously modify their tactics, organizations and individuals alike find themselves vulnerable to such attacks. This serves as a timely reminder for companies to invest in robust cybersecurity measures and stay vigilant against evolving threats. But what does this mean for businesses worldwide? Are we facing an endless cycle of attacks where ransom payments become just another cost of doing business? Or can we come together as communities to fortify defenses and deter such crime at its roots? The extradition signifies that authorities are not only pursuing justice domestically but are also increasingly working with international partners to bring offenders to book. It raises questions about future cooperation between nations when combating digital threats—will we see stronger international ties or escalation in tactics on both sides? As we navigate this challenging landscape, remember—boots-on-the-ground initiatives may not be enough without innovation on corporate fronts! For those looking to drive advancement within your organization or connect with startups embedding fresh tech strategies into their models—you can make strides towards corporate innovation today! 🚀 Connect with startups and drive your corporate innovation! Book a meeting now: https://lnkd.in/dFYwmbHq #CyberSecurity #Ransomware #Phobos #DOJ #CyberCrime #DigitalDefense #CorporateInnovation #TechForGood #ExtraditionNews #GlobalCollaboration Read more about this pressing topic here: https://lnkd.in/dB9mk2Tt

"We're all fighting the same enemy, which is fraud." "Our business doesn’t need to shrink; we just need to find new ways to grow together." Abe Post-Hyatt, Manager, North America at Veriff, on the importance of collaboration across the identity space to combat fraud. The ultimate goal is a safer internet for all, achieved by sharing data and working together. 📍 Interview with Financial IT at Money20/20 last week #collaboration #fraudprevention #cybersecurity #IDV #identityverification

A cybersecurity integration company recently faced a major financial hurdle during a $260,000 security camera upgrade for the Defense Finance and Accounting Service (DFAS). When a key vendor refused to extend credit, the company was hit with a $130,000 upfront cost, threatening the project. Fortunately, SouthStar Capital stepped in with a tailored financing solution, allowing them to move forward without delays. To learn more: southstar.com • • • • • #southstar #alternativefinance #businesssuccess #businessgrowth #WorkingCapital #CashFlow #Brokers #ClientSuccess #CaseStudy #CyberSecurity #InvoiceFactoring

**Could the battle against ransomware ever truly be won?** In a significant move, US authorities have extradited a Russian national linked to the notorious Phobos ransomware strain that has wreaked havoc across the globe. With over $16 million extorted from more than a thousand victims, this case highlights not only the scale of cybercrime but also the ongoing challenges faced by law enforcement in tackling such sophisticated operations. The Department of Justice has taken note, stepping up its efforts to pursue those involved in these heinous acts. Phobos ransomware is dastardly; it encrypts files and demands hefty ransoms from victims under threat of leaking sensitive data. As cybercriminals continuously modify their tactics, organizations and individuals alike find themselves vulnerable to such attacks. This serves as a timely reminder for companies to invest in robust cybersecurity measures and stay vigilant against evolving threats. But what does this mean for businesses worldwide? Are we facing an endless cycle of attacks where ransom payments become just another cost of doing business? Or can we come together as communities to fortify defenses and deter such crime at its roots? The extradition signifies that authorities are not only pursuing justice domestically but are also increasingly working with international partners to bring offenders to book. It raises questions about future cooperation between nations when combating digital threats—will we see stronger international ties or escalation in tactics on both sides? As we navigate this challenging landscape, remember—boots-on-the-ground initiatives may not be enough without innovation on corporate fronts! For those looking to drive advancement within your organization or connect with startups embedding fresh tech strategies into their models—you can make strides towards corporate innovation today! 🚀 Connect with startups and drive your corporate innovation! Book a meeting now: https://lnkd.in/dTxGsKrN #CyberSecurity #Ransomware #Phobos #DOJ #CyberCrime #DigitalDefense #CorporateInnovation #TechForGood #ExtraditionNews #GlobalCollaboration Read more about this pressing topic here: https://lnkd.in/d-Cfjyd4