Payment Processor Hacking – 1,295 Bitcoins Stolen

BIPS, based in Copenhagen, one of Europe’s largest bitcoin payment processors, was breached last week. 1,295 bitcoins, worth around $1,000,000, were stolen. It is believed that a two-stage attack was employed – DDoS followed by hack – was employed. BIPS primary service is to allow merchants to take payment in bitcoins, and then exchange them …

Read More

Cyber-attacks are becoming increasingly costly: can your business really afford not to protect against itself against such attacks?

Have you ever wondered why network security testing is so vital? Maybe you think that having already spent a considerable sum on security precautions to prevent hacking, the cost of additional vulnerability assessments and penetration testing is a step too far. Whilst Krypsys’ security experts understand such concerns, we still believe that it always pays …

Read More

Penetration testing helps with mobile security.

Penetration testing has been used to uncover vulnerabilities loitering in the mobile operating systems that are most commonly used today.

1.2 Billion Smartphones will enter the market in the next 5 years, that’s 40% of handsets. 75% of companies allow employees to use their own devises at work (BOYD) this is predicted to rise to 90% BY 2014. Is penetration testing being used enough?

Read More

George Orwell 1984 wrote about todays need for penetration testing

The need for penetration testing has become evident in today’s society as George Orwell depicted in his book 1984 relating to advances in technology.

In 1949, Eric Arthur Blair wrote a science fiction novel called “1984” under his pseudonym, George Orwell. The Science fiction novel presents a view of the world which is unnervingly realistic of today’s world. George Orwell foresaw advances in technology, the complete surveillance of society, the decomposition of history, and the limiting of freedoms. In today’s businesses advanced technology and data is persistently at risk of attack. Penetration testing is a necessity.

Read More