SIDECHAIN INSIGHTS
May is known for Mother’s Day, Memorial Day, Cinco de Mayo and the big one that we probably all missed – World Password Day! This is celebrated on the first Thursday of May to encourage people to use stronger passwords and secure their online accounts. How confident are you in your passwords? See below for some helpful resources on password management!
QUICK TAKE
- May 1st was National Password Day this year – does your organization have a Password Manager, best practices around passwords and device security? This link has several resources that help you understand what a Password Manager is and how to pick one that fits your company’s needs. It also has a handy checklist on Password best practices – Unique, Strong, Secure, Complex. Click here to access these great resources
- In honor of Mother’s Day, here’s a handy resource for parents to protect their children online. When a child is using a computer, normal safeguards and security practices might not be enough – find out what you can do.
QUIZ
Here’s a mix of hard and easy questions to test your knowledge on cybersecurity terms. Let us know how you did! The first five people to send their correct answers to us here, will receive Sidechain swag!
1. What is a group of computers networked together and used by hackers to steal information called?
- Rootkit
- Operating System
- Botnet
- DDoS
2. What is a computer network?
- Internet Service Provider
- A Quantum Computer
- Computer/Devices that are connected together
- Fiber Optic Cables
3. What does the acronym AES stand for?
- Automated Encryption Strength
- Advanced Encryption Standard
- Algorithm Encrypted Solution
- Advanced Encryption Solution
4.Which of these groups exploit vulnerabilities?
- Governments
- Criminals
- Hacktivists
- All of the above
5. What is the primary purpose of a VPN in cybersecurity?
- Speed up internet connection
- Encrypt and secure communication over the internet
- Block malicious websites
- Boost Wi-Fi signal strength
Keep scrolling to see if you got it right!
INDUSTRY TRENDS & NEWS
- Are you aware of Sidechain’s new product, SidechainProtect? This is our human-powered approach to cybersecurity, a cost-effective, all-in-one solution with a quick set-up model, zero learning curve and no complicated software to manage. All we need in order to provide a free quote is the number of devices your company has. Get your first month for $1 – find out more here!
- In a surprise flip, Crypto exchange company, Coinbase is offering a $20 million dollar reward for information leading to the arrest and conviction of hackers who have demanded a $20 million dollar ransom, vowing not to bow to their demands. Read more here about what information was accessed.
CYBERSECURITY DECODED
Sidechain is seeing an uptick in the number of small – medium businesses being targeted by cybercrimes – if this is you, read more here to see what you can do. Each week we’ll be featuring a new blog series on how best to protect yourself, it’s no longer a question of will we be hacked, it’s WHEN. Here are the 5 signs your business is a target for Ransomware – and what to do about it.
DID YOU KNOW?
The answers to the quiz are:
- 3
- 3
- 2
- 4
- 2
Remember the first 5 correct responses will win Sidechain swag!
And now for some facts…
- Gartner predicted that in 2025, 45% of global organizations will be affected in some way by a supply chain attack
- Over 30,000 new vulnerabilities were disclosed on 2024 – a 17% year-over-year increase
- The annual average cost of cybercrime is predicted to hit more than $23 trillion in 2027, up from $8.4 trillion in 2022
