- Cyber-attacks are now the number one security threat to the U.S., according to Director of National Intelligence
- Cyber offensives pierce defenses of major tech companies
- Valuation and acquisition prospects for cyber security firms improve
The hacking of Google’s official G Suite Twitter account signals an epiphany to sophisticated tech companies that cyber security defense is an area of domain expertise. Facebook, for one, has seen the writing on the wall. After a hack compromised tens of millions of accounts on its social media portal, the company has decided to buy a cyber-security firm, according to one report (http://nnw.fm/U6bfL). Rising online threats like that are brightening the acquisition prospects of cyber-security firms and sending their valuations higher. Cyberfort Software, Inc. (OTC: CYBF) is well positioned to benefit from that increased interest, for its mission is to acquire and develop technologies that improve content filtering, ad blocking and cyber-security (http://nnw.fm/FPi3w). The company plans to apply to be upgraded to the OTCQB Venture Market in early 2019 (http://nnw.fm/Nip1p).
The dearth of expertise in even the best tech companies extends to government. The minister charged with cyber-security in Japan, Yoshitaka Sakurada, startled Japanese lawmakers in a question-and-answer session by declaring that he had never used a computer. When asked whether nuclear power plants in the country allowed USB drives to be used on their computers, Sakurada could not answer. He had, he said, no idea what a USB (Universal Serial Bus) drive was. Perhaps not as shocking but equally worrying is the decision by the Trump administration to eliminate the position of cyber-security coordinator on the National Security Council (NSC). The latest report to Congress from the Director of National Intelligence lists cyber-attacks as the number one security threat to the U.S.
Cyber-security threats manifest in many ways. They could be huge data breaches like the one at credit reporting agency Equifax, which may have affected 143 million Americans. They could take the form of ransomware, “weaponization” of artificial intelligence (AI), cyber-physical attacks that disrupt electricity supply or similarly essential services or interference with voting systems. These are some of the major threats, but others abound.
Additional cyber threats include phishing attacks (fraudulent methods to obtain sensitive information, such as passwords or bankcard numbers), distributed denial of service (DDOS) strikes that paralyze servers by overloading them, malvertising (hiding malware in ads) and backdoor attacks, which involve exploiting software vulnerabilities. They can leave many out of pocket. The hack of Google’s official G Suite Twitter account promoted a bitcoin scam that may have ensnared many of its more than 800,000 followers.
To the rescue comes CYBF. Its solutions can protect a variety of devices, including desktops, laptops, mobile phones, modems, routers, tablets and wearables. The company offers defenses against hacking in the forms of content filtering and ad blocking. The company’s first suite of tools debuted with the acquisition, in 2016, of Vivio, a pioneering ad-blocking app for iPhone, iPad and Mac (http://nnw.fm/Cv13B).
Presently, the iOS 10 version of Vivio serves over 10,000 unique users. The software makes web browsing better, faster and more satisfying by blocking ads and tracking software and by content filtering. It also saves data traffic by up to 38 percent, reduces load by 58 percent and enables 30 percent faster browsing, all of which help save battery life. Continuous ad blocking rule updates are delivered via an intellectual property cloud-based autonomous engine with ad blocking tracker and malware detection filters.
CYBF is developing an enterprise version, which will include a range of privacy centric, data/bandwidth optimizations and permission-based controls for companies to ensure the safety of the devices used by their employees.
Cyberfort recently announced its intention to acquire Just Content Software, a multi-functional ad blocking app currently available on iTunes (http://nnw.fm/0Wrb8). The app is designed to safeguard families and business, among others, from unsafe links, adult content, phishing sites and inflammatory hate speech found on the Internet using its proprietary “Home Safe Filter” and “Business Filter” products.
For more information, visit the company’s website at www.CyberfortSoftware.com
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