bittrap

Helping companies detect attackers, prevent data exfiltration and avoid ransomware by deploying risk-adjusted bounties.
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[bittrap @bittrapsec]

At Bittrap we are developing a new SaaS platform specifically designed to address this problem, and we need your help as we make the final touches.

Reaching out to cybersec pros, experts, and leaders concerned about this issue to share their ideas about our approach. DM us!

[bittrap @bittrapsec]

The perfect cybersecurity storm has accelerated in the past years.

Companies growing and/or experiencing huge turnovers, an escalating number of unmanaged devices accessing sensitive data, and remote work becoming mainstream make it an ideal environment for attackers.

[bittrap @bittrapsec]

Thanks to everyone at @Ekoparty for an amazing time yesterday!

Our CTO @AFutoransky attended a discussion panel with @marianonunezdc, @coinfabrik, @pentasecsystems, and @llopatin, sharing their previous experiences, struggles, and thoughts for the future.

See you next time!

[bittrap @bittrapsec]

DeFi protocols are showing that as TVL (total value locked) increases, cybersecurity can only grow up to marginal returns in protection.

This could become a shifting paradigm for cybersecurity, as traditional views and strategies may not be sufficient.

[bittrap @bittrapsec]

A popular concept in cybersecurity states that as more resources are available, better protection can be reached by extended investment.

However, @andresrieznik latest article, research of over 90 hacked DeFi protocols, may be indicating otherwise.

https://t.co/7CRYQnaDiz

[bittrap @bittrapsec]

@SeniorWata shares examples and insights on why, despite many promising advances, we need to remain cautious about the future.

Let us know your thoughts about the article!

https://t.co/LjSnwmcmxI

[bittrap @bittrapsec]

Advances in Machine Learning are expanding our frontiers and possibilities in many fields, including cybersecurity.

However, a deep dive is required to understand its limitations, risks, and implications.

[bittrap @bittrapsec]

BitTrap’s researcher @SeniorWata shares with us a categorization of some of the most popular tools for risk management in cybersecurity while presenting new approaches that could help avoid the never-ending arms race in the category.

https://t.co/YvHr2e73E1

[bittrap @bittrapsec]

The expansion of the digital age has geometrically increased the use of computer devices, especially among corporations.

With this extended usage, threats have multiplied, while the detection strategies reached a point of saturation that makes real security advances marginal.

[bittrap @bittrapsec]

Hackers today are more sophisticated than ever, and organizations must be aware of decoys and distractions.

Check out @gordonfeller 's latest post in @LeadersEdgeMag magazine, with contributions from our founders @jony_altszul and @AFutoransky

https://t.co/kYbRiXyAqI

[bittrap @bittrapsec]

Companies must figure out where a hacker will most likely attack, how, and why.

However, as straightforward as this plan might sound, it's getting more complex every minute.

[bittrap @bittrapsec]

Inverse Finance suffered an oracle price manipulation exploit allowing a hacker to steal about $1.3 million.

This attack is the second to impact the DeFi protocol in two months, as the one in April led to the loss of $15.6 million.

https://t.co/J3bq34NtIT

[bittrap @bittrapsec]

This is not the first time Foxconn has been hit by ransomware, as they were targeted by DoppelPaymer ransomware group in 2020.

As ransomware attacks are expanding their impact and reaching every industry; companies should consider a major change in their cybersec strategy.

[bittrap @bittrapsec]

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Cybercriminals claim to have breached the systems of a Foxconn factory in Mexico and demand more than $34 million dollars in bitcoin.

The attackers used LockBit 2.0 ransomware and are threatening to release the stolen information on June 11.

https://t.co/6kB74RFyQL

[bittrap @bittrapsec]

This reality is forcing companies to reconsider their approach to cybersecurity, moving towards a more mature reality where the possibility of a breach is always feasible.

Join @andresrieznik in his latest post to discover more about his findings.

https://t.co/XlzfypiFeG

[bittrap @bittrapsec]

Cybercrime is becoming more pervasive every day, as the complexity of the technological ecosystem grows.

This has been driving the professionalization of the threat actors during the last decade, adjusting and optimizing their businesses.

[bittrap @bittrapsec]

Public organizations are reshaping their thoughts regarding cybersecurity, as traditional solutions fall short when facing attackers’ ever-evolving strategies.

What if a complementary perspective, beyond a defensive-only approach, could provide a higher level of protection?

[bittrap @bittrapsec]

A massive data breach has exposed nearly 500k Chicago Public Schools students records.

The attack targeted a company that has a no-bid contract with the school system for teacher evaluations, involving basic information.

https://t.co/ypzOy0mCV7

[bittrap @bittrapsec]

LockBit continues to be one of the most prolific ransomware groups working, with hundreds of attacks over 2021.

They have attacked at least 650 organizations so far this year.

[bittrap @bittrapsec]

Top Aces, a Canadian airborne training company with major national Air Forces as customers, confirmed it had been hit by a ransomware attack by LockBit group.

https://t.co/aA4QHXq1c4