Paying Ransom is Tax Deductible Under current IRS regulations, paying cyber ransom after a hack is deductible, just like losses from a robbery, but the IRS is “looking into it”. One way the government could discourage ransom payments is if the cost is borne fully by the company’s owners. They still might choose to do […]
Continue reading → [DISPLAY_ACURAX_ICONS]Mobile finance apps are very popular, but are they safe? A report by security company Intertrust says that 88% of the apps tested failed at least one of the cryptographic tests, meaning that the encryption can be broken, resulting in loss of privacy and possibly loss of your money. Some of the other findings from […]
Continue reading → [DISPLAY_ACURAX_ICONS]I am sure that most of you reading this have not been on a conference call or video call in the last year, so this advice is not relevant to you, but for the rest of us, the NSA has a few tips on how to better protect yourself when you are collaborating online. The […]
Continue reading → [DISPLAY_ACURAX_ICONS]A recent survey shows one downside of the remote work uptick. Most organizations are having a hard time controlling cloud computing costs! Fewer than 20% of survey respondents stated that they were able to immediately detect spikes in cloud costs Greater than 25% stated that it can take months or weeks or several days to […]
Continue reading → [DISPLAY_ACURAX_ICONS]Feds Recover Some of the Colonial Pipeline Ransom The feds say that they recovered most of the Bitcoin paid as ransom, but because the price of Bitcoin is in a slump, it is only worth about $2 million. The feds say that they acquired the private key to the Bitcoin wallet and transferred 63 Bitcoin […]
Continue reading → [DISPLAY_ACURAX_ICONS]After not doing anything over the last twenty years to protect the cybersecurity of pipelines, the TSA decided they needed to do something – anything – so that they have the appearance of responding the problem. If you get the sense that I am not impressed, you are correct. So what do pipeline operators have […]
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