This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

On March 16, 2022, a national news program broadcast on the Ukraine 24 television channel was hijacked by hackers, displaying messages that appeared to be from Ukrainian President Volodymyr Zelenskyy. He urged Ukrainians to stop fighting and give up their weapons, while claiming that Zelenskyy had fled kyiv.

In the past, the main areas of warfare were land and sea, where the protagonists had some kind of early warning that an attack was in preparation before it had actually taken place.

But today, cyber warfare is emerging as another domain and has become an important tool in the global military arsenal. Cyber ​​warfare grants a mechanism to destroy, disrupt, or confuse enemy sensors, communications, and decision-making mechanisms – often targeting a nation’s critical infrastructure.

Cyberattacks are on the rise, globally

Given the current situation in Ukraine, many high-profile cyberattacks in recent years have resulted in the exposure of sensitive data. For example, the 2017 Equifax Inc. EFX The breach compromised the personal data of approximately 143 million consumers, including dates of birth, addresses and social security numbers. In 2018, hackers attacked Marriott International Inc. MARaccessed its servers and stole the data of approximately 500 million customers.

Several research papers have noted that cyberattacks are expected to cost businesses and organizations $8 trillion by 2022, up from $6 trillion predicted for 2021.

The threat of most concern in the government sector is cited as ransomware, especially against critical infrastructure. Ransomware is a type of malicious software that threatens to post bad data or blocks access to data or a computer system until the victim pays the attacker a ransom.

Data Security Implications of the Russian-Ukrainian Conflict

As Russia expands its assault on Ukraine, governments around the world are on high alert for Russia’s military, cybersecurity and information moves.

Several technology and cybersecurity companies, including Microsoft Corp. MSFT, Sentinel One Inc. S and Crowdstrike Holdings Inc.. CRWD have come forward to help protect Ukrainian systems and offer free cybersecurity tools and services to organizations that believe they may be the target of cyberattacks by Russian state hackers.

The US Cybersecurity and Infrastructure Security Agency (CISA) has issued official warnings to help stakeholders, including critical US infrastructure sectors such as food, agriculture, electricity, water and wastewater, to guard against the ever-changing ransomware threat environment. As part of CISA’s Shields Up program, these alerts are intended for system administrators and other technical personnel to strengthen the security of their organization.

The White House administration issued warnings in late March, based on intelligence gathered, advising companies to immediately bolster defenses against possible Russian cyberattacks.

Provide a key to the solution?

Cybersecurity companies such as BIO-key International Inc. BKYIwhich provides identity and access management (IAM) and biometric identity solutions, called Identity-Bound Biometrics (IBB), said it helps companies reduce cyber risk by providing frontline defenses.

BIO-key says its IAM solutions and award-winning PortalGuard® platform provide simple solutions to secure the modern digital experience with options for single sign-on, self-service password reset and authentication methods. multi-factor authentication. Multi-factor authentication is known to be able to prevent cyberattacks such as ransomware by up to 90% and tops CISA’s list of recommendations for blocking Russian-based threats.

BIO-key also states that its IBB technology uses a biometric form factor such as a fingerprint or palm scan to verify that a user is an authorized person behind a data request, transaction or access request. This process eliminates the risks associated with using a password, PIN, token, or other factors that can be compromised or shared among users.

BIO-key reports that it has a proven track record of successfully delivering IAM projects and strong customer relationships in critical industries, including supporting government organizations that provide critical infrastructure for countries around the world.

The company believes its unique value proposition makes it a preferred choice for helping government agencies and businesses stay safe and secure.

To learn more about BIO-key, visit https://www.bio-key.com/

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

picture by FLIGHT OF on Unsplash

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