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Category Archives: Cyber / Tech

Business Report: Protecting Your Business Data Through Personal Device Safety

Posted onDecember 16, 2024December 16, 2024
Aleks Pavlinik is chief information security office at StoredTech.
Courtesy StoredTech

By Aleks Pavlinik, Chief Information Security Officer 

Why protect your personal digital life? Securing your personal life identity, passwords, and digital assets is crucial not only for your own safety but also for the security of your workplace. Think about it… we all access our work emails through our personal smartphones everyday. We reply to emails, we open attachments, we check our calendars for meetings. Some companies even allow their staff to use their own computers for work. But if compromised, these personal devices are a gateway for cybercriminals to infiltrate your workplace systems. 

Maintaining strong, unique passwords, requiring multi-factor authentication (MFA) for all accounts, and using strong security solutions for your personal devices helps you contribute to a more secure and resilient organizational infrastructure. Remember, your personal security practices are the first line of defense in protecting both your personal and professional life.

Everyone reading this has probably experienced a risk or an attempt of identity theft, financial loss, and unauthorized access to your accounts. Someone tried to login to your social media accounts, or your bank called you with a questionable fraud attempt. This is tenfold for a business. There’s a whole business market out there of hackers who make millions by exploiting businesses, holding their data at ransom and stopping them from working and serving their customers. 

Small businesses may think, “a hacker wouldn’t waste time going after my business. We aren’t big enough.” And that’s exactly the point. They know small businesses owners are not investing the resources in cybersecurity measures, so it’s easy for them. 

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Adirondack Cabling And Security Works With IT To Protect Businesses And Enhance Efficiency

Posted onDecember 16, 2024
BobWomer (standing) and Dave Womer reivew plans for a cabling project.
Saratoga Business Journal

By Susan Elise Campbell

As technology improves how a business is run, installing cable to connect the new technologies improves with it. One local company at the forefront of that is Adirondack Cabling and Security, providing clients with innovative cabling solutions for the best of 40 years.

“In 1982 when my dad and uncle started the company, the big thing was the PDX telephone system so a business with one phone number could have an extension on every desk,” said Dave Womer. 

Dave is the son of Jack Womer who, along with his brother Bob, operated Adirondack Cabling until 2017 when Dave and his cousin Bob Jr. purchased the business from their retiring fathers. Dave is president and Bob Jr. is vice president of operations.

“My father and uncle saw there were many companies manufacturing the latest phone systems, but no one to install them,” Womer said. They formulated a business plan to meet that demand.

By the 1990s there were computers in every office that needed to be networked and Adirondack Cabling transitioned into another new market, he said. 

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Business Report: Cybercrime And Small Business

Posted onDecember 16, 2024
Tucker Lounsbury, President, NBT Insurance, Glens Falls.
Courtesy of NBT Insurance

By Tucker Lounsbury

Cyberattacks on small- and medium-sized businesses (SMB) continue to rise and will only intensify over the next few years. With the increased prevalence and cost of attacks, the absence of a safety net like cyber insurance is no longer an option SMBs can afford. 

               Assessing The Threat

Ransomware is one of the most common forms of hacking and includes the cybercriminal holding files or devices hostage in exchange for payment. Unfortunately, bad actors know that SMBs, in general, are less likely to have the full spectrum of safeguards in place, leaving them particularly vulnerable to this growing threat. 

According to Astra, ransomware attacks have risen by 13 percent in the past five years, with an average cost of $1.85 million per incident. By 2031, it is predicted that a ransomware attack will happen every two seconds.

While training employees and requiring measures like strong passwords, regular password resets and multi-factor authentication are critical lines of defense, these steps are no longer enough.

               Establishing a Safety Net  

As an added layer of security, businesses large and small should invest in appropriate cyber liability and modern crime insurance policies. Cyber insurance typically refers to two forms of critical coverage: privacy exposures, which covers third party liability if personal information is stolen or compromised; and related first party expense coverage, which helps businesses mitigate the costs of damages and recovery resulting from a cyber-attack, which can be very costly. Modern crime policies protect physical theft of money that might be the focus of the bad actors targeting business networks.

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Forget the Gym Membership—It’s time to Commit to Cybersecurity For The New Year

Posted onDecember 18, 2023
Reg Harnish is CEO of OrbitalFire Cybersecurity.

By Reg Harnish

It’s that time of year when many of us start evaluating the past year and what goals we want to aspire to in the next. And although cybersecurity might not have as much allure as a six-pack (depending on who you ask), it’s crucial for your business’s well-being.

With an estimated $3.1B in losses and rising from cybercrime–whether from financial fraud, ransomware, or breach– it’s important to understand the sheer scope of the challenge. Although small businesses are increasingly adopting and investing in cybersecurity, 62% of small businesses are affected by cybercrime because the reality is that the bad guys are getting better faster than we are. 

Embarking on a cybersecurity strategy can seem daunting, but at the core, we believe that cybersecurity success comes from doing the absolute minimum necessary to achieve your business mission.  At a high level that means understanding how cybersecurity is affecting and contributing to your mission, and proactively and methodically thinking about how to apply controls (whether HIPAA, PCI, or other industry regulations) to:

Protect your intellectual property 

Combat cybercrime 

Minimize disruption and loss

Protect against reputational issues

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Newlogiq Provides Cutting-Edge AI Solutions to Small and Mid-Sized Businesses in Region

Posted onDecember 18, 2023
Jeff Oskin has launched Newlogiq to offer AI solutions to area businesses.

By Christine Graf

After spending more than a decade at the helm of Jolt Consulting Group, Jeff Oskin sold the IT consultancy firm in February 2022. By that time, his company had grown exponentially and had a staff of 50 employees. 

“I grew that company both organically and through acquisitions,” he said. “We did IT consulting, specifically sales force implementation consulting work for service-oriented organizations.”

While operating Jolt, Oskin also began working as an executive coach, establishing a peer advisory group for executives in the Capital Region.

“Many of the most well-known executives in the Capital District are in that group,” said Oskin. 

After selling Jolt Consultancy, he established Newlogiq, a business that provides cutting-edge AI consulting solutions to small and mid-sized businesses. 

“I wanted to continue this entrepreneurial bent,” he said. “When I was contemplating my next move, I ultimately landed on going to market with a consulting company that sat at the intersection of three things: people, process, and technology.”

“From the people side, it’s helping organizations through executive coaching and leadership development—helping that next generation leader to develop skills to help them elevate their capabilities so as to improve the overall health of the company they work for.”

When referring to process, Oskin said he has long been a believer that technology should support business process.

“I believe AI—artificial intelligence—is a huge opportunity moving forward for organizations to leverage technology to simplify, automate, and streamline business processes.”

Oskin received his certification as an AI expert from Blockchain, a large non-profit that sets the standards for the blockchain industry. 

“Blockchain itself is a type of technology, and Blockchain.org is a kind of a regulatory body from which AI has evolved,” he said. 

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Habitat For Humanity Changes Its Model To Build Condominium Units In Queensbury

Posted onDecember 12, 2022

By Andrea Harwood

Habitat for Humanity of Northern Saratoga, Warren & Washington Counties is working hard to expand the traditional one- and two-family homes  model they’ve been utilizing for years. 

Its new project is called Fairfield, a 25-unit, mixed-income development project intended to do that.

The property is located on Baybridge, off of Bay Road near SUNY Adirondack in Queensbury, at Fairfield Properties. 

“Habitat for Humanity is thrilled to start moving beyond our standard operating model of single family residences. We want to support as many humans as possible. To do that, we need to think beyond one or two homes a year,” said executive director Adam Feldman.

The condo project is intended to create more home-buying opportunities to more low- to moderate-income families in the area. Standard condominium models of separate ownership of individual units and joint ownership of common areas, such as stairways and yard spaces ,will be followed. Owners receive a deed in the same fashion as purchasing a single-family property.

This is not the first time a Habitat for Humanity affiliate has executed a project like this. Habitat for Humanity Sarasota in Florida successfully created a 72-unit mixed-income condominium development intended for home ownership in 2002. 

The development of the Fairfield property will create owner-occupied units between $175,000 and $350,000, all varying in floor plan and square footage. Roughly 30 percent of the units will be sold to low- to moderate-income Habitat for Humanity partner families.

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GlobalFoundries Will Work With Purdue University On Tech Development, Education

Posted onDecember 12, 2022

Purdue University, with its semiconductor workforce development and R&D programs, and Malta-based GlobalFoundries have entered  into a strategic partnership to strengthen and expand collaboration on semiconductor research and education. 

The announcement was made in a ceremony in late November with Dr. Mung Chiang, president-elect and executive vice president of Purdue University, and Dr. Thomas Caulfield, president and CEO of GlobalFoundries.

“Purdue launched the semiconductor degrees program (SDP) earlier in 2022, continued to grow world leading research in semiconductors, and welcomed multiple companies to our new Discovery Park District. We are excited to partner with GlobalFoundries to crystalize our offerings into programs relevant to the foundation of digital economy,” Chiang said. “We are intensifying our efforts not only to scale-up the talent pipeline, but also to create the depth of innovation expertise needed to advance U.S. leadership in semiconductors.” 

The agreement “underscores the widespread appreciation of how GlobalFoundries’s feature-rich chips enable many of the devices and technologies humanity relies on every day, and ever-growing recognition of the strategic importance of semiconductors to global supply chains and economic security,” Caulfield said. “To accelerate this forward momentum, GlobalFoundries is proud to partner with Purdue on jointly advancing semiconductor research and development, working together with Purdue’s talented faculty and students.” 

For GlobalFoundries, the partnership with Purdue will be overseen by GlobalFoundries Labs, which leads the company’s research and development efforts to advance GlobalFoundries’s differentiated technology portfolio in partnership with leading academic, government, and industry collaborators. 

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Small Businesses Must Be Aware Of Ransomware And Problems It Can Cause

Posted onDecember 12, 2022
Craig Stephenson, senior cybersecurity analyst at Tech II Business Services.
Courtesy Tech II

By Christine Graf

 In 2021, an estimated 37 percent businesses were the target of ransomware—a type of malicious software designed to block access to a computer system until a sum of money is paid. 

The price tag for these worldwide attacks was a staggering $20 billion. The dollar amount is expected to reach $265 billion by 2031, experts say.

In order to combat ransomware and other cybersecurity attacks, the Federal Bureau of Investigation (FBI) has partnered with members of the private sector. Through a program called InfraGard, they work together to protect the country’s critical infrastructure. 

Craig Stephenson, senior cybersecurity analyst at Tech II Business Services in Saratoga Springs, is a member of InfraGard. Tech II provides managed information technology services to small and medium sized businesses.

According to Stephenson, cyberattacks represent a clear and present danger to all companies regardless of size.

 “We are being inundated on a daily basis by bad actors from around the world. They are trying to steal the intellectual property from businesses or trying to get money from them. The FBI put together an unclassified video, and it’s an eye opener on how China is specifically and systematically trying to attack the United States in regards to stealing intellectual property.”

When it comes to ransomware, Stephenson said what he calls the “human firewall” is to blame for most attacks. 

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$50 Million Available In NYS For Firms Developing Cyber Safety Programs

Posted onDecember 12, 2022

New York state has opened applications for $50 million to strengthen safety and security measures at nonprofit, community-based organizations at risk of hate crimes or attacks because of their ideology, beliefs, or mission. 

The funding is the greatest amount ever available through the program, state officials said. Nonprofit organizations that have previously received grants may now apply for new security projects, and for the first time, cybersecurity projects will be considered for funding. 

The state also announced $46 million in federal funding for 240 nonprofit organizations across the state facing an increased risk of terrorist attack. This critical funding will assist in strengthening the security of their facilities, as well as enhance overall preparedness.

“Hate has no place in New York, and we will continue to support organizations that are most vulnerable to vicious and violent attacks,” Gov. Kathy Hochul said. “With this new round of unprecedented funding, these at-risk facilities will be able to fund safety precautions, including cybersecurity projects, to protect vulnerable people from those who would lash out against them due to their ideology, belief or mission.”

Officials said the announcement came as hate and bias incidents persist throughout New York and federal authorities have warned of security threats in neighboring states targeting faith-based institutions. Hate crimes adversely and disproportionately affect entire communities, not just the intended targets. 

While the number of hate crimes reported to police in the state represents a small fraction of total crime, these incidents traumatize and instill fear in the greater community. New York state tracks these incidents separately from other crimes so trends can be monitored, and steps can be taken to prevent them from occurring in the first place, officials said.

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Local Company’s Technology Allows People To Make Digital Purchases Using Ring Finger

Posted onDecember 12, 2022
The Quontic Pay Ring is a payment technology that allows customers wearing the ring to conveniently wave their hand near a contactless terminal to make retail purchases.
Courtesy of BankWise

BankWise Technology, a Saratoga Springs developer of advanced custom programming for banks, announced that it has provided the system development, integration, and support for the nation’s first wearable payment ring launched by the award-winning digital bank Quontic. 

The Quontic Pay Ring is an innovative payment technology that allows Quontic customers wearing the ring to conveniently wave their hand near a contactless terminal to make retail purchases. Officials said the process is like tapping a credit or debit card and can be used worldwide at any payment terminal that accepts contactless payments. 

The launch of this product required significant development effort to integrate the systems, streamline the operational processes and implement the safeguards necessary to both deliver the rings and to ensure their usefulness once deployed, according to BankWise. It provided the code and systems to manage key components of the product including customer authentication, ring ordering, sizing and fulfillment, ring activation, inventory management, integration with the bank’s core system, and customer communication updates via email or SMS on the pay ring’s order status.

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