Financial Institutions At Risk Of Cloud-Jacking

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Financial Institutions At Risk Of Cloud-Jacking
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Cyber security predictions from Mike Riemer, Chief Security Architect at Pulse Secure. He discusses the cloud-jacking risk that companies will face and the uptick in cybercriminals.

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Q3 2020 hedge fund letters, conferences and more

Financial Institutions Will Be The Most At-Risk Industry For Cloud-Jacking

As companies across industries continue to move towards hybrid IT environments, the threat of cloud security breaches is at an all-time high. Financial institutions, which have traditionally been slower to adopt cloud technologies due to heavy regulations and security concerns, accelerated their digital transformations in 2020 as COVID-19 brought about new challenges. These businesses are now faced with a customer base seeking digital-first services, and they are leveraging cloud-based infrastructure to maintain customer satisfaction. As a result of this rapid transition to a hybrid cloud environment, we could see the cloud-jacking of a major financial institution that results in bad actors gaining control of highly sensitive customer information.

ValueWalk’s December 2021 Hedge Fund Newsletter: Hedge Funds Avoid Distressed China Debt

InvestWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring hedge funds avoiding distressed china debt, growth in crypto fund launches, and the adapting venture capital industry. Q3 2021 hedge fund letters, Read More

We Will See An Uptick In Bad Actors Capitalizing On The Growth Of 5G To Execute Coordinated Attack

2020 has reminded us how nimble cybercriminals can be. The rise in 5G devices and networks will undoubtedly catch the attention of consumers in the coming year, as cellphone carriers such as AT&T look to scale standalone deployment in 2021, and new products such as the iPhone 12 advertise 5G capabilities. The technology is predicted to completely transform the way we work and live by linking numerous aspects of our lives to faster and lower latency networks. The spotlight on this technological revolution will also draw the attention of state-sponsored and other cybercriminals, who will seek to develop sophisticated and aggressive plans of attack that can leverage the increase in network connectivity to carry out ransomware attacks.

The Twitter Employee Hack Is A Sign Of More Sophisticated Phishing Scams To Come

In July 2020, bad actors leveraged social engineering techniques, which involves manipulating people into giving up sensitive information, in order to pose as internal IT staff and convince Twitter employees working from home to enter their login information.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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