Category Archives: Industry News

News Round-Up from the Industry

The Best Defence Against Ransomware? Don’t Get Infected…

It looks like the the idea of “Detect and Block” vs “Detect and Remediate” is gaining traction out there.  This is a welcome sight for us here at Wedge as we continue to espouse the idea that it is better … Continue reading

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…And Another Municipality Falls to Ransomware…

Ransomware attacks against municipalities have been hitting various cities around the U.S. as of late. We saw the Ryuk malware hitting Jackson County and provided an overview of how various ransomware strains are hitting governments across the globe, however, Spiceworks … Continue reading

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Equifax Downgraded: Financial Costs of Cyber Attacks Far Outweigh Actual Ransom or Remediation

Who watches the watchers? It was very telling to read the news recently on (ZDNet, Forbes) highlighting the downgrade of credit monitoring agency Equifax by credit ratings agency Moody’s (Moody’s lowered Equifax’s outlook from stable to negative last week (May … Continue reading

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Is the Dazzling Future of the Smart City at Risk? How Can Smart Cities Protect Themselves Against the Effects of Ransomware?

The dazzling future of the Smart City; where governments are always connected -managing traffic lights, pollution control, and the power grid – all the way down to full home automation, from smart garage door openers, to your intelligent Google Nest … Continue reading

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Targeted Ransomware Attacks Are On the Rise and are Crippling Local Governments: How Can They Protect Themselves?

Targeted ransomware attacks being perpetrated on local government entities is on the rise. Although the ransoms demanded are often relatively small, typically under $100K, the overall costs to remediate the attack and the damages inflicted by downtime and decreased efficiencies … Continue reading

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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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