Category Archives: Industry News

News Round-Up from the Industry

The City of Riviera Beach’s EXPENSIVE $1.6 Million Click

It only took one employee a single click on an email link that allowed hackers to upload malware, and now the City of Riviera Beach, Florida is finding out first hand how expensive a ransomware attack can be. Going against … Continue reading

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Smart Grids – the Next Big Attack Vector to Pull Down a Country’s Smart Grid Could be Your WiFi-enabled Thermostat! Here is How to Protect the Grid…

While Argentina and Uruguay are still reeling from a massive blackout that left nearly 50 million citizens without power over the weekend, we still cannot rule out cyberattack as being the reason. The integrated nature of the regional grid meant … Continue reading

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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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