As we step into 2024, it’s hard to believe that another year has flown by.
Happy New Year!
As we look back on 2023, we’re grateful to our partners who have worked tirelessly with Wedge, successfully thwarting millions of cyberattacks across various connected systems worldwide. Their dedication has been instrumental in maintaining the digital safety of countless users. As we embark on a new year, let’s reflect on some of the critical cybersecurity challenges and breakthroughs of the past year and how they are shaping our approach to digital security.
In a notable development last year, Microsoft disabled one of its own software tools in response to its exploitation by hackers for malware distribution (For more details, you can read the full article on Techradar here). This move highlights the ongoing battle in cybersecurity, where vulnerabilities in common software modules can lead to significant damages. With a record-breaking 26,447 vulnerabilities discovered in 2023 (SiliconAngle article here), the highest number ever disclosed, it’s clear that the digital world is fraught with both known and unknown risks.
As illustrated by the aforementioned Techradar article, these vulnerabilities enable hackers to launch effective pop-up or phishing attacks, dragging in lethal malware. This recurring theme has led to significant financial damages over the years. Microsoft’s proactive measure to disable its vulnerable tool helped mitigate one such threat. However, this raises the question: what about the numerous other known or unknown vulnerabilities?
To address these threats, several proven threat prevention technologies are used. These include intrusion prevention systems to thwart network-based vulnerability exploits, web filtering solutions to block malware download paths, and various content filtering solutions to prevent malware delivery. However, while these solutions are effective against known malware, they are often less effective against novel malware types. Traditionally, the industry has relied on slower and more expensive sandbox solutions for these new threats.
As our partners already knew, WedgeARP orchestrates these effective network defense technologies into a software-defined network stack. It utilizes the latest machine learning models to implement real-time, network-based “sandbox” algorithms, ensuring real-time threat protection for all connected systems. This capability is crucial for adapting to today’s complex networks, which include edge, cloud, WiFi, mobile data, IoT, etc.
In 2023, through several successful R&D initiatives and piloting deployment, Wedge technology has further matured into several formats, including the WedgeARP v3.x software release, Edge network systems like Wedge Secure Edge (WSE) and Wedge Cloud Edge(WCE), and cloud services platforms such as Wedge Cloud Network Defense (WCND).
As we step into 2024, our focus is on strengthening our partnerships and leading the way in cybersecurity innovation. We are reaching out to our existing partners to share the latest advancements in cybersecurity technology through our exclusive product technology briefings. These sessions are pivotal for understanding how cybersecurity solutions can be tailored to meet evolving security challenges. If you are not yet a partner but are keen to learn how Wedge can assist in bolstering your initiative, we encourage you to get in touch. Please send your inquiries to info@wedgenetworks.com and our team will be delighted to guide you through how our technologies can be a part of your security strategy. Together, let’s embrace a secure and prosperous 2024.
Cautionary Statements and Forward-Looking Information
This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Corporation’s business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The forward-looking statements contained in this news release are made as of the date hereof and Wedge undertakes no obligation to update, publicly or otherwise, or revise any forward-looking information, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws. The forward-looking information contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Corporation’s future business activities may differ materially from those in the forward-looking statements as a result of various factors , including, but not limited to: expansion and business strategies, anticipated growth opportunities, the impact of the COVID-19 pandemic, general economic, market or business conditions, the amount of fundraising necessary to perform on its business objectives, operational risks, the ability of the Corporation to raise necessary funds for its business objectives, and the outcome of commercial negotiations. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Although the Company believes that the assumptions and factors on which such forward-looking statements is based are reasonable, undue reliance should not be placed on the forward-looking statements as the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.
