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Chicago’s Tech Future

October 27, 2020 By Josh Eklow

As October is Cybersecurity Awareness month, it seems more relevant than ever to highlight the role that cybersecurity can play in a company’s ability to retain the startup spirit, expand into new opportunities, and continue their digital transformation. This is why we say “Security gives us freedom”. Staying “cyber smart” goes beyond following a list of simple tips, however. As we say at onShore, security is a process, not a product. It is a challenge that must be answered every day. Our chances are better, our energies better spent, our initiatives are more likely to succeed when we work together. As COVID-19 sends our workers and businesses home and geography seemingly becomes erased, it is more important now than ever to remember that cybersecurity starts locally.

It is for this reason that we are excited to work with P33 Chicago, a group focused on digital transformation in Chicago. Its mission is reflected in its name: the “P” standing for people, purpose, plan, and progress. The “33” refers to the historic World’s Fair of 1933, a time when Chicago shined bright on the world stage, presenting the cutting edge, our White City a harbinger of an optimistic future. It references, too, this future, with 2033, the centennial of the World’s Fair, as an upcoming milestone and a date by which to have returned this startup spirit to Chicago. Though our “Second City” is actually the third largest in the US, it does not rank as a top-tier town for tech. Our city, once a destination hub for the tech-focused in the midwest, now retains only slightly more than half of the software engineers that study within the city itself at one of Chicago’s handful of top global universities.

With an established university pipeline, and strong venture capital scene, there is great potential to grow Chicago’s corporate tech investment and establish Chicago as a champion of digital transformation. We’re very excited to be working with P33 on an upcoming event for Fintech Spark, a new initiative to introduce financial companies to transformational ideas and practices in technology.

onShore Security will be presenting its cybersecurity solution to attendees. The use of digital data, a practice that has now permeated nearly every part of the business world, has enabled amazing opportunities, but this also carries a responsibility to protect the business and its customers from cyberattack and compliance violation. We’ll be speaking from our experience about detection, response, and how the process of security (powered by human intelligence and machine learning) scales and grows along with business needs and regulatory requirements.

Filed Under: Uncategorized

To Pay or Not To Pay Ransomware, That Is the Question…

October 7, 2020 By Josh Eklow

“As long as there exists the false perception that ransomware can be waved away quickly by paying criminals’ demands, there will be organizations that see it as their best practice. In order to defeat it as a threat, the entire cybersecurity world, and the business world at large, must stand together and declare their complete unwillingness to negotiate with criminals.”

To Pay or Not To Pay Ransomware, That Is the Question…
By Stel Valavanis, CEO onShore Security

Ransomware attack

I’m beginning to think we should ban ransom payments to criminals or at least disallow insurance to cover them. I know that sounds extreme, but hear me out. It’s very worth exploring at this time, as the scope of the problem is exponentially growing in the wake of COVID-19. According to a new report by Emisoft, ransomware demand costs could reach new highs this year exceeding $1.4B in the U.S. in 2020. [Read more…]

Filed Under: Compliance, Cyber Security, Ransomware

Opportunities for Change: How Boomers are Re-inventing Business During COVID-19

September 25, 2020 By Josh Eklow

“Boomers are in a different life stage that can offer them exciting new opportunities like pursuing lifelong dreams of entrepreneurship.”

The world of business changes at a blistering pace, and even under the best of circumstances, it can be difficult to keep up. In 2020, with COVID-19, remote working becoming the norm, and all the vulnerability that goes along with unexpected change, it is more important than ever to make smart choices, turning potential threats into opportunities.

Stelios Valavanis, founder and CEO of onShore Security, sat down recently with Hanh Brown of the Boomer Living podcast to talk about entrepreneurship, digital transformation, and cybersecurity in this new business landscape. Listen to the full interview with the player below.

[Read more…]

Filed Under: Cyber Security, Digital Transformation

The Unseen Cybersecurity Threats COVID-19 is Posing to Business Now

September 17, 2020 By Josh Eklow

onShore Security CEO Stelios Valavanis sat down recently with Barry Moltz, host of The Small Business Radio Show, to talk about cybersecurity for small businesses in the future. Barry and Stel touched on many emerging threats and new best practices that are already having a major impact on business.

The pandemic has changed everything, including igniting an explosive increase in the risks small businesses are facing on the cyber security front as workers are doing their jobs everywhere but the office. Stel gets real with Barry in this episode of The Small Business Show about what SMBs need to know now to protect their assets.

[Read more…]

Filed Under: Cybersecurity Chicago, Uncategorized

Cloud Vendor Breach Harms Philanthropists

September 11, 2020 By Josh Eklow

“Data privacy laws may differ across the country and across industry, but as far as liability is concerned, there is a consensus: your organization is responsible for private data it holds and is liable for any breach of that data’s security, regardless of whether it was the result of failure by third party vendor or outsourced party.” 

Ransomware image

[Read more…]

Filed Under: Cybersecurity Chicago, Uncategorized, Vendor Management

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