Based on insurance claims reports, there was a definite “resurgence” in ransomware activity over the back half of last year, as paying (or at least publicly reporting) ransoms has become more difficult, with economic sanctions placed on a number of ransomware groups that would make it illegal. Data from cryptocurrency tracking firm Chainalysis showed a $300 million drop in ransomware payments sent to monitored cybercriminal groups, but incident response data suggests individual ransomware attacks are getting more lucrative, with the average ransom payment in 2022 coming out to more than $400,000 — their highest levels in the past five years.
Claims data help to fill in the gaps, showing that while reported ransomware activity dropped by 25% in the first half of 2022, it ballooned by 300% in the back half and through 2023. The end result, despite some hopeful indicators, is still a criminal landscape flush with money and resources that insurers are still struggling to manage.
2022 and Q1 2023 claims figures reveal several key trends that show a cyber insurance market still very much under crisis, as criminal activity remains a core driver for loss.
The long tail of the COVID-19 pandemic — and the resulting rush by companies to engage with cloud providers and other remote services — is still being felt today.
Ransomware is not the only — or even primary — form of cybercrime giving insurers fits these days.
Phishing and social engineering remain the most frequent point of failure that leads to financial loss, while ransomware places second. Vendor data breaches come in at a close third, reflecting the increased importance that cloud companies and other service providers play in their clients’ security posture.
Ransomware attacks are no challenge to us at BLAKFX as we have set out to eliminate ransomware as a threat…Period.
Our mission for 2023 is to eliminate ransomware damage.
There is no organization in any sector that is safe from ransomware except those that utilize Helix22 data security SDK.
In Math We Trust
Ransomware Auditing as a Service (RaaS): as ransomware attacks have skyrocketed, they have come to represent the biggest threat to the data of government agencies, military, intelligence agencies as well as private enterprises. BLAKFX developed the first in the world Ransomware Auditing as a Service (RaaS) platform which allows our cyber security engineers to scan your network and simulate real-world ransomware attacks to test the prevention, detection and mitigation strategies of your organization and establish how resilient your network is to real ransomware attacks. After the scan we provide a comprehensive report and our recommendations for remediation.
If you are the victim of an actual ransomware attack, we are able to recover the data that has been hi-jacked during the attack and due to Helix22’s patented DNA BindingTM cryptography, restore it to its original state.
We can make this restoration claim as the tech engineers at BLAKFX invented and holds multi-patents on a genuine device2device (D2D) encryption. We manage data security transmission through the truly brilliant and also patented universal Helix22 key service. The Helix22 encryption originates on your network or device, not just when the app is opened. This means, that when data arrives to our key server, it is already encrypted so all it needs to do is issue another key. Signal and Telegram cannot claim this level of security. This key will then only work with the intended device, which generates a matching key required to open the data. In this protocol, we are truly a “zero-knowledge” server so your communications and transmissions remain completely top secret. Even in the event that BLAKFX were subpoenaed, we can honor the request by just handing over the encrypted content…as that is literally all we have. Helix22 also only use keys just one-time and then destroys them. This way the data security is future forward prefect. Therefore, in our unique device-to-device encryption (D2D) world, there is no opportunity at all for any data leak.
This same protocol just described, can be the same with all your 3rd party vendors and suppliers. It does not matter in the least what platform they are running or what device they are using or even the type of data, it is all 100% protected. We do however, strongly advise that all firms involved be utilizing Helix22 due to the nature of the data content. Helix22 can ensure that whatever data they are generating is protected as well.
Let’s take it a step further. Even if your organization were a victim of an internal attack or a victim of malicious open source downloads, there is no reason for concern. Any data that has been forwarded, downloaded, copied or saved cannot be exfiltrated. Period. We have the technology industries foremost data packets which are protected with multi-layered, military grade encryption algorithms that have already proven the ability to withstand penetration testing from MI5 and quantum computing attacks.
One final practical genius of DNA BindingTM is in that it is immediately compatible with whichever system or software you are utilizing. Therefore, any organization can forward information to another and then discuss it and there is immediate privacy.
Finally, the Helix22 encryption is quantum computing ready so no need to redo all your data security methodologies in a couple of years when everything else becomes obsolete.
In the BLAKFX data security world, ransomware or any other data centric attack cannot have any affect on your systems or data.
The Helix22 data security SDK accomplishes the following:
- Protects all your firms data at rest, in use and in transit
- Renders ransomware threats obsolete
- Eliminates human error
- Eliminates all malicious or interior attacks
- Verifies original content i.e. minimizes the threat of impersonation attacks and deep fakes
- Reduces latency
- Installs with 5 lines of code
- Runs on any platform, network, device and in any programming language i.e. Internet of Things enablement
- Provides perfect future/forward secrecy
- Delivers “zero-knowledge” encryption
- Perfect security when utilizing all SaaS products
- Compatible with all cloud, 3rd party and vendor services
- Secures the Internet of Things by providing protection at the Edge with ultra low latency
- Ensures privacy and security for blockchain and all cryptocurrency transactions
- Is quantum ready – so there’s no need to upgrade when the time comes
- Requires no employee training
- Exceeds all gov’t and banking standards
- Meets compliance regulations
BLAKFX is Based on Success
Our founders, Robert Statica PhD and Kara Coppa, also founded Wickr, which is used by the US military and has never been hacked since its inception in 2012. The Helix22 data security SDK is several generations enhanced since then. Dr. Statica also delivered the encryption for the world’s most secure phone, Katim.
Founder – Robert Statica PhD Founder – Kara Coppa
Co-Founders of Wickr KatimTM Ultra Secure Smartphone
Helix 22 – Zero Risk