Wednesday, June 26, 2019

Technolink Snapshot July 2019

Dear Technolink Community Member,

With the 4th of July on the horizon, we are reminded that this year marks the 75th anniversary of D-Day. Please take a moment to give thanks to our military and public safety heroes for their honor and courage in defending our freedoms and democracy.

This month, we are thrilled to share that Feyzi Fatehi, CEO of Corent Technology, is a recipient of a CODiE Lifetime Achievement Award. And, Kevin McDonald, COO and CISO of Alvaka Networks, reports on the new cyberattacks that have crippled the city of Baltimore. 

Thank you for your continued support, engagement and inspiration that make our Technolink community so unique.


Members Shaping the Future

Our sincere congratulations to Technolink member and CEO of Corent Technology, Feyzi Fatehi, for receiving the 2019 CODiE Lifetime Achievement Award.  Mr. Fatehi joins the ranks of fellow recipients such as Steve Wozniak, Jim Clark, Paul Allen, Steve Jobs, Alan Kay, Bill Gates and more.  SIIA, who hosts the CODiE awards, is the principal trade association for the software and digital content industry. Corent is a global leader in cloud migration and SaaSification technologies. #DemocratizingSaaS

To learn more about Corent Technology, click here.
Kevin McDonald, Technolink member and COO and CISO of Alvaka Networks, writes in with an important reminder about the realities of cyber threats and the danger of unsecured systems, using the recent Baltimore Cyberattack as a warning to us all.

"News coverage about hackers infiltrating the city computer network in Baltimore Maryland has been plentiful. The attack halted normal business operations and critical services, cost the city millions and inconvenienced 10s of thousands of residents. Baltimore has fallen victim to a very serious threat to global commerce and individuals’ computers known as Ransomware. While there are many variations, in general, Ransomware makes victims’ data unrecoverable through strong encryption enabled by cyber criminals who then demand payment for the keys to unencrypt the data. The reality is that if Baltimore like 80% of breach victims had patched its computers, the attack would have failed.
"Baltimore is not entirely atypical of many Ransomware attacks against government and business entities. It is however atypical in some ways. The city is publicly claiming the attack was facilitated through the use of Eternal Blue, a cyber-weapon developed in secret by the American National Intelligence agency (NSA). The capability behind Eternal Blue was stolen from or leaked by an employee of the NSA and later released in April of 2017 by a group calling themselves Shadow Brokers. I wrote about these tools being released in 2017 and what we saw coming is here and not going anywhere soon. Please take the time to understand the impact of not securing your systems and help us push to get government and business to take this very real threat seriously. This is not credit card theft, or stolen pictures, it impacts the very systems we rely on to run our lives."

To learn more about Alvaka Networks, click here