History shows, transparency can ease the fallout from a cyberattack

By Bradley Barth for SC Media
Friday, September 11, 2020

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To that end, Ilia Kolochenko, founder and CEO of web security company ImmuniWeb, complimented Cygilant’s early efforts. “Details of this specific incident are unclear, but so far Cygilant’s response seems to be fast and professional,” he said.

And while it might reasonable to expect a cybersecurity company to thwart the infection in the first place, the truth is that even infosec firms are subject to the old axiom: it’s ultimately impossible to fend off every single attack, especially if the adversary is determined and cunning.

Indeed, “this incident is another convincing proof that no companies are immune to cyberattacks,” said Kolochenko. “Many cybersecurity companies are seeing a spike of sophisticated and targeted attacks against them, not just ransomware campaigns. Working from home significantly exacerbates the risks amid overall unpreparedness for serious security incidents. Cybercriminals prefer targeting third parties that have a privileged access to valuable data, oftentimes picking cybersecurity companies.” Read Full Article