SCHEDULE A DEMO CyberCision Catalogue Use Cases Partners About Contact Investors Build a cybersecurity business fast Service providers can rapidly scale-out new cybersecurity services while lowering cost-to-serve. SCHEDULE A DEMO The platform used by the world's leading service providers Forming a tech powerhouse FirstWave to acquire Opmantek and launches $14m Equity Raising LEARN MORE Delivered on a world-first Open Security Management Platform (OSMP) A platform for service providers to scale their managed security services business and operations profitably. SCHEDULE A DEMO Trusted by over a hundred partners who manage millions of SMBs globally Starting with 1 telco partner in 2016 we now sell through over 120 partners globally. Over 11 private and public platforms covering 5 major continents. SCHEDULE A DEMO Deploying the world's leading cybersecurity technology REQUEST A DEMO Launching 2022 Manage your cybersecurity in the palm of your hand. SCHEDULE A DEMO Insights FirstWave introduces CyberCision — to rapidly grow cybersecurity revenues at scale and lower costs 18/11/2021 - 0 COMMENTS It’s a big day at FirstWave Cloud Technology, as we introduce CyberCision — the world’s only open security management platform (OSMP), which will rapidly grow cybersecurity revenues at scale and lower costs. CyberCision is a transformational enhancement to FirstWave’s cybersecurity platform, enabling Telcos, SP, and MSSPs (Partners) to rapidly scale-out new security services while lowering cost-to-serve, in a totally frictionless way. Meeting the challenges of SMB cybersecurityAfter extensive consultation with our customers and partners, it was clear that SMBs and mid-market players were facing two distinct challenges. The first involves the rapidity of business digitisation and cloud migration — both accelerated because of COVID-19. Small and mid-sized businesses were suddenly tasked with redirecting limited resources to cybersecurity strategy, amidst a backdrop of ever-intensifying complexity and frequency of cyber attacks. Secondly, telecommunications services providers have failed to take on the mantle as leading providers of cybersecurity through their networks and with their connectivity services to their massive SMB customer bases, despite their natural and obvious advantages in this regard. Instead, because they lacked the platform to integrate and deliver the essential security services, easily consumable, at scale with low cost, Telcos have ceded this position to opportunistic technology providers and cloud heavyweights . In response, FirstWave developed CyberCision — a Telco-purpose platform with fully integrated security services suite comprising email, web, firewall, and endpoint, for comprehensive SMB protection. CyberCision’s key features include:Automated detection capabilities and mass scale responseDigital marketplace integration for widest market and customer addressabilityFully integrated security functions from leading vendors including Cisco, Palo Alto, Fortinet, Trend Micro.Orchestrates all security functions and provisions services (email security with Microsoft 365/Google, cloud web security, virtualised firewalls, endpoint security)Continuous monitoring of all customer’s services for threats, automatically detecting, notifying, and responding to critical alerts or incidents within seconds How does CyberCision work?The Telco SP subscribes to the CyberCision platform as-a-serviceIt chooses how much it wants to pay monthly, selecting one or more available security services to launchPublishes the services to its digital marketplaceConnects its network, cloud, and operational systems to standard, published APIs Then the CyberCision platform does the rest! Read More How to combat the growing threat of ransomware attacks? 1/9/2021 - 0 COMMENTS There has been a significant growth in ransomware attacks in Australia and even other countries where hackers are especially leveraging the Covid-19 outbreak to dupe netizens. According to a report by Cybersecurity Ventures, by 2021, one business entity will succumb to ransomware attacks every 11 seconds, up from every 14 seconds in 2019.Ransomware, defined in the simplest terms, is malicious software that secretly seeps into your computer or data center and encrypts some/all data using a unique key that can only be decrypted and accessed using the same key. Attackers then demand a ransom to let you gain access to your data. According to Datto, American cybersecurity and data backup company, ransomware costs businesses more than $75 billion per year.Some common types of ransomware attacks include:Crypto malware gains unauthorized access to IT systems and encrypts valuable data and files, disrupting IT operations. The hacker demands payment to hand over decryption keys. Lockers block users and administrators from logging into their systems, blocking access to files and applications. The attacker demands a ransom to grant access and restore systems to normalcy. Doxware, also known as extortionware, obtains sensitive information and threatens to publish it online, putting confidential, mission-critical business data at risk. As businesses are responsible for protecting their user data, this situation can disrupt legal compliance. Most of the ransomware attacks start with a phishing email. A simple click with a link to download a malicious attachment can be the gateway to a successful attack. With the ongoing stress and uncertainty of the coronavirus pandemic, people are more vulnerable to fall victim to carefully designed phishing attacks.Amidst rising Coronavirus cases, there has been a significant increase in the ransomware attacks on hospitals and healthcare institutions. However, this doesn’t mean others businesses are safe. Many companies are succumbing to these attacks as many of their employees are working remotely in insecure networks. The coronavirus crisis is impacting business revenues and cash flows already, and a successful ransomware attack on top of it will impact business continuity drastically. Use-cases of Toll Group and Epiq Global, among othersRansomware and related attacks worth about $241 million were reported in Australia alone in 2019, according to a new report. The attacks have continued in 2020, with the Australian logistics company, Toll Group, being hit by a ransomware attack on 31 Jan 2020. The company, with over 40,000 workers, had to shut down, disable and isolate its systems and resort to manual processing of the massive amount of data it deals with daily. On 26 Feb 2020, a ransomware attack impacted Talman Software, which serves 75% of the Australian wool industry. As a result, the whole wool buying and selling system went offline across Australia and New Zealand.Globally, organizations are focusing on digital transformation initiatives—making them primary targets of ransomware attacks. On 29 Feb 2020, a ransomware attack on legal services giant Epiq Global had quickly spread and affected all computers across their 80 global locations. On 2 Mar 2020, Visser Precision LLC, US-based aerospace, automotive, and industrial parts manufacturer, fell victim to a ransomware attack by the DoppelPaymer group. It affected industrial giants Lockheed Martin, General Dynamics, Boeing, Tesla, and SpaceX, among other companies who subcontracted work to Visser Precision LLC.Paying the ransom doesn’t guarantee recovery, especially if hackers are amateurs. They buy ransomware on the dark web without having the technical proficiency to infect networks, thereby failing to decrypt data. Mitigating the Risk of Ransomware AttacksThe approaches to mitigation vary from business to business. Some conventional approaches to reducing the risk are:Backup business-critical and sensitive data periodically on local machines, removable hard risks, and the cloudSegregate your networks and systems so that a successful attack on one subsystem doesn’t transmit to others and mitigates that impactPerform necessary software and OS updates to ensure software is up to date and secure enough to mitigate the vulnerabilitiesReview your existing endpoint security solution for its readiness and capability to protect against ransomware attacks. If it’s inadequate, upgrade to a suitable alternative solution. Deploy modern security solutions for email and web security. Secure remote working with web and endpoint securityThe coronavirus crisis has been an opportunistic moment for cybercriminals. The workforce across the globe is working remotely, either from home or any other location; and many employees are using personal devices for work—accessing corporate data using their home networks. Home networks are not as secure as office networks and result in compromised security, offering a gateway to cybercriminals. How do you strengthen the security posture of your remote workers? Securing endpoints and web access is the key! Endpoint security secures laptops, mobile phones, tablets, and other device connections that tap into corporate networks. At FirstWave, our solution provides comprehensive, state of the art endpoint security—protecting devices like PCs, Macs, and mobile phones and letting remote workers access corporate applications securely. Moreover, it provides web security to prevent data leaks and protects from malicious web content; and employs cognitive threat analytics for enhanced security.We all hope that the disruption to people’s lives and work from Covid-19 will end soon and we pray for everyone’s well-being. However, even when we get over Covid-19, remote working will be the new norm across many companies. Don’t forget to secure remote working with FirstWave Cloud as business continuity is more important than ever before! Read More Business Email Compromise - 5 Ways to Prevent it! 19/8/2021 - 0 COMMENTS With 4.5 Billion internet subscribers, globally leveraging the web to perform various activities/transactions, it has become more vulnerable than ever before. In fact, according to the International Monetary Fund, the number of cyberattacks has tripled over the last decade. The constantly increasing, large scale breaches confirms that not only cybersecurity attacks are going up but they are increasing in severity, as well. A report published by McAfee, The Hidden Cost of Cybercrime stated that - “We estimated the monetary loss from cybercrime at approximately $945 billion. Added to this was global spending on cybersecurity, which was expected to exceed $145 billion in 2020. Today, this is a $1 trillion dollar drag on the global economy.” These facts clearly signify the drastic increase in cybercrime and the importance of cybersecurity for businesses & individuals across the world. As, besides having their reputations at stake, companies are risking their crucial/sensitive data, financial information, cash flow, tech infrastructure, customer trust & much more. Rising Business Email Compromise (BEC) AttacksThe first half of 2020 was quite challenging for many organizations, as there was a global shift to a remote working culture while making data security a critical concern. Remote working & increasing internet transactions opened up new ways for cybercriminals to target both individuals and organizations. Business Email Compromise (BEC) is amongst the most common types of data breaches that we have witnessed throughout 2020. Outlined below are some interesting stats that echo the fact: Coronavirus-related phishing attacks and business email compromise (BEC) scams skyrocketed 3,000% from mid-March through early June, according to mid-year analysis from the Agari Cyber-intelligence Division (ACID)Barracuda Networks identified 6,170 malicious accounts since January that use Gmail, AOL, and other email services that were responsible for more than 100,000 Business Email Compromise (BEC) attacks on nearly 6,600 organizations around the world.According to a recent report, The Geography BEC released in 2020 by Agari Cyber-Intelligence Division (ACID) - BEC is now responsible for 40% of all cybercrime losses—more than $26 billion in losses, since June 2016—and has victimized organizations in at least 177 countries. Business Email Compromise (BEC) was solely responsible for over 40% of the total cyber crime losses in 2019, at least according to the latest FBI IC3 report. If you ignore BEC prevention now, it can cost you millions of dollars later!Companies using cloud-based email services are lucrative targets to cybercriminals who conduct business email compromise (BEC) scams. Cybercriminals leverage technical threats & sophisticated social engineering methods to win the employee trust & conduct fraudulent activities. The need for security against such attacks is crucial as the no. of BEC scams is growing in volume and no organization is immune to the fallibility of human nature since these emails look very real & are harder for employees to identify immediately. 5 Ways Organizations Can Prevent Business Email Compromise (BEC)Email Authorization with SPF: Sender Policy Framework (SPF) is an email authentication technique used against email spoofing. Spammers can forge your domain to send fake messages that appear to come from your organization. Such spoofed messages can be used to communicate false information, send out harmful software, or trick people into giving out sensitive information. Sender Policy Framework identifies if the mail sent from your domain is actually from your organization/mail server authorized by you or it’s a BEC attack. Multi-factor Authentication: To avoid the breach of email accounts, organizations can implement measures to enhance authentication such as: encouraging a strong password set up policy, prohibiting reuse of passwords, and implementing multi-factor authentication. Multi-factor authentication allows successful access only after the user provides various kinds of information including, but not limited to, a password and a dynamic pin, code, or biometric. This method makes it more difficult for a cybercriminal to hack an employee’s email & launch a BEC attack.Establishment of an internal control system: Companies can establish an internal control system & escalation rules for responding to confirmed or suspected cases of BEC. They can establish a system for verification that facilitates collaboration between the accounting department which requests financial institutions to make money transfers, IT department which is responsible for e-mail and system operation, legal department which responds when a case involves legal issues, and the sales department which undertakes negotiations with outside business partners. In case of high valued transactions, multiple independent signatures from different departments can also be used. Implementation of security protocols & staff training: Organizations can create & roll out policies to use office devices such as laptops, protocols for email passwords, and other relevant security measures to avoid BEC attacks. To counter social engineering, awareness training programs can be organized to identify breaches that get through the layers of defense. Also, whenever new strategies or attacks come to light in other organizations, such incidents should be shared with employees to increase awareness.Implementation of Security Solutions: Email security solutions offer a pre-delivery protection mechanism by blocking various email-based threats like viruses, malware, ransomware, phishing, spoofing, etc. before they reach a mail server. FirstCloud™ Email Security solution offers a reliable, scalable, and feature-rich email security service that protects businesses against such BEC attacks. Combat BEC Attacks with CyberCision Email Security!Considering how vital it is for companies to protect their sensitive data and financial integrity, CyberCision Email Security offers an affordable inbound & outbound email security solution that can be customized for businesses of any size with unique layered protection, assured disaster recovery, and 32 days trace replay.It uses innovative cloud content security and analytics capabilities to protect inbound emails from malware, ransomware, phishing, viruses & spam, and also detects advanced persistent threats such as spear phishing, whaling, typo domain, and spoofing attacks.The technology is powered by FirstWave Cloud Technology’s ESP™ email software technology, Cisco-based ESA/IronPort, and Advanced Malware Protection (AMP) technologies.Moving towards a more secure future!As we move towards a technologically advanced future, cybersecurity risk is also bound to soar, since hackers are also quickly adapting to the technological changes and are becoming more skilled in finding loopholes in the security systems. According to the Cybersecurity Market Revenues Worldwide report by Statista, the global cybersecurity market size is forecasted to grow to 248.26 billion U.S. dollars by 2023. But let’s not forget that cyber-attacks are not unavoidable. Security solutions are providing effective protection against such threats and are constantly evolving with the changing global needs. Read More Find out how CyberCision can scale your cybersecurity business? CONTACT US Copyright © 2021 FirstWave Cloud Technology Ltd. All rights reserved. Privacy Policy Terms of Use