Up until a few years ago one of the biggest security threats on the internet was ransomware. Everyone had a horror story about someone’s computer getting infected and having to pay huge sums of money to regain access to their files.
The newest threat on the internet is cryptojacking. Unlike ransomware it is so stealthy you might not even know your computer has been infected.
What Is Cryptojacking?
Cryptojacking refers to the unauthorized use of someone else’s computing resources to mine cryptocurrencies. Once your machine is infected with malware it begins to mine cryptocurrencies, generating funds for the person or people who initiated the attack. In order to mine cryptocurrencies the malware diverts some of your computer’s computing power and uses some of your electricity to run the process.
Most attackers are smart enough to not completely siphon off all of your computing power, since this would significantly slow down your machine and draw attention to their activities. Instead of concentrating their efforts on a few computers they target as many as they possibly can, and trick each computer into diverting a small fraction of its processing power to their cryptocurrency mining efforts. This will result in each computer only seen a small dip in performance, something most users are unlikely to notice. Since the malware does its best to remain unobtrusive most users won’t notice it is there at all, and will let it continue its mining undisturbed.
Why Do Criminals Use Cryptojacking?
Cryptojacking has become so popular because it is low risk and guarantees a 100% payout since the criminals are cutting humans out of the equation entirely. With ransomware criminals had to demand payment from users in order to gain anything, whereas with cryptojacking they can just trick the computer into generating money for them.
Cryptojacking is also incredibly lucrative, since it is easy to infect a lot of machines and set each one up as part of a larger cryptocurrency mining operation. Even if a few users notice, and have the technical savvy to remove the malware, there are still likely thousands of other infected computers that continue to generate cryptocurrencies.
The main reason cryptojacking is so lucrative and low risk is that it relies on our apathy. Whereas a ransomware demand forced users to act cryptojacking works, by design, to avoid letting us know it is even there. By remaining undetected as long as possible it can continue to siphon off your computing resources and create more and more money.
Why Should I Be Concerned?
It might not seem like a big deal if someone is using only a tiny bit of your computer’s processing power and a little bit of electricity to mine fractions of a penny’s worth of cryptocurrencies, but it is. If criminals can use your computer to do any task it means they already have access to your data, and just because they are being unobtrusive doesn’t mean they are being harmless.
Now that the cyber criminals have already gained access to your machine they can potentially access sensitive data, or hijack your computer or entire network of computers to do whatever they want. If you notice cryptojacking malware on your computer it also means you are likely still vulnerable, and even if your current “guests” decide not to kill their cash cow that doesn’t mean someone else won’t come along and exploit the same vulnerabilities for more nefarious purposes.
What Can I Do To Keep People From Using My Infrastructure To Mine Cryptocurrencies?
There are a few policies you can implement at your company to keep your machines safe from cryptojacking. These include:
Scanning all uploads from unmanaged and remote devices for malware
Scanning all downloads from unsanctioned cloud applications or unsanctioned instances of cloud applications for malware
Blocking or quarantining any devices that you detect malware on
Blocking unsanctioned instances of well known or sanctioned cloud apps. This may be a bit restrictive, but it will significantly improve your security.
You can also talk to a cybersecurity company such as VirtualArmour. VirtualArmour can help you create and implement anti-cryptojacking security policies, as well as monitor your computers and other devices for malware. Cybercriminals are nimble, they are always looking for a new vulnerability to exploit. Staying on top of their latest tactics, and being able to employ the newest security tactics, is integral to keeping your network safe.
VirtualArmour was taken private in Q3 2021. These legacy press releases are kept online for informational purposes. VirtualArmour is a proud member of the Evergreen Services Group family of companies.
CENTENNIAL, Colorado, – (June 27, 2018)– VirtualArmour International Inc. (CSE:VAI) (3V3:F) (OTCQB:VTLR), a premier cybersecurity managed services provider, has been named to Branham300 2018 Edition as one of the top 250 public and private technology companies in Canada.
The Branham300 is the best-known and most widely referenced listing of Canada’s top ICT companies ranked by revenue. The listing also tracks the top ICT multinationals, like VirtualArmour, operating in Canada, as well as up-and-coming firms and those Branham Group believes will soon be “big hits.”
While headquartered in Centennial, Colorado, VirtualArmour first went public on the Canadian Stock Exchange before becoming dual-listed on the OTC Markets and Frankfurt exchange. The company maintains 24/7 client monitoring and service management with security operation centers located in the U.S. and Europe.
“It is a great achievement for VirtualArmour to be recognized and listed alongside many innovative and progressive Canadian companies,” said VirtualArmour CEO, Russ Armbrust. “As concerns around cybersecurity continue to gain consistent global attention, the demand for customizable solutions by enterprise clients has been growing exponentially. Our skilled teams and proprietary prevention technologies enabled us to capitalize on this global market opportunity, and we’re well positioned to grow with the accelerating market.” About VirtualArmour
VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention, and overall network security.
VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com. Important Cautions Regarding Forward Looking Statements
This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S. securities laws. This press release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.
Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks, and uncertainties, including the success of the company, future interest in such lists, competitive risks and the availability of financing. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether because of new information, future events or results or otherwise, other than as required by applicable securities laws.
Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913 Email Contact Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566 Email Contact
VirtualArmour was taken private in Q3 2021. These legacy press releases are kept online for informational purposes. VirtualArmour is a proud member of the Evergreen Services Group family of companies.
CENTENNIAL, Colo., June 26, 2018 – VirtualArmour International Inc. (OTCQB:VTLR) (CSE:VAI) (3V3:F), a premier cybersecurity managed services provider, has received a three-year managed security services and hardware contract from a large retail wellness brand.
Valued at $250,000, the majority of the contract involves providing managed security services, including 24/7/365 alerting, management, maintenance and prevention.
VirtualArmour anticipates expanding the contract with additional managed services later this year, including managed firewall in the third quarter and managed cloud access security brokers (CASB) in the fourth.
The customer was introduced to VirtualArmour through its new reseller partnership with Alacrinet, a leading IT solutions consultancy, which was announced in January.
“We see this as the first of many customer wins to come from our synergistic relationship with Alacrinet,” said VirtualArmour CEO Russ Armbrust. “Key major channel partners like Alacrinet strengthen our market reach, as we continue to grow our high-margin, managed security services business.”
According to Brian Bouchard, president and CEO of Alacrinet: “VirtualArmour enhances our ability to offer leading cybersecurity managed services, hardware and software to our broad range of clients. Our engagement by this prominent wellness brand company provides significant validation of the comprehensive cybersecurity benefits we can now offer, and we see great potential for these benefits to add value to many of our other clients.”
With six offices spanning the U.S. and one location in Puerto Rico, Alacrinet provides digital and cybersecurity consultancy services to a host of notable brands, including the USDA, U.S. Department of Energy, Activision and Uber.
Alacrinet and VirtualArmour recently hosted a Security Summit in Denver with 30 joint customers. The next Security Summit will be held in Southern California on July 19, 2018. About Alacrinet
Alacrinet Consulting Services is an IBM Premier Business Partner and a leading consulting company and solutions integrator with offices in Miami, Washington DC, Denver, Costa Mesa, Palo Alto and Puerto Rico. With an elite team of highly skilled consultants with broad architectural knowledge, deep technical skills, and access to developers and product support personnel through a network of partners.
Alacrinet has been implementing successful Enterprise solutions for more than 15 years. In that time, the company has implemented a wide variety of security solutions for numerous industries. For more information, visit www.alacrinet.com. About VirtualArmour
VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.
VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com. Important Cautions Regarding Forward Looking Statements
This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S. securities laws. This press release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.
Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the success of this partnership, the future deal potential from this partnership, future interest in such partnerships, competitive risks and the availability of financing. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913 Email Contact Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566 Email Contact
VirtualArmour was taken private in Q3 2021. These legacy press releases are kept online for informational purposes. VirtualArmour is a proud member of the Evergreen Services Group family of companies.
CENTENNIAL, Colorado, – (June 7, 2018)– VirtualArmour International Inc. (CSE:VAI) (3V3:F) (OTCQB:VTLR), a premier cybersecurity managed services provider, has been named to Cybersecurity Ventures’ Cybersecurity 500 list as one of the world’s “hottest and most innovative” cybersecurity companies to watch in 2018.
VirtualArmour ranks No. 282 on the Cybersecurity 500, a global compilation of leading companies who provide cybersecurity solutions and services.
“As a growing company focused on innovation and service, we are proud to be part of the Cybersecurity 500 that features some of the most notable security companies worldwide such as Palo Alto Networks, IBM Security, and Carbon Black,” said VirtualArmour CEO Russ Armbrust. “Being listed for the third consecutive year among many of our strongest peers is a testament to our rapid growth and emerging presence as a leading security services provider.
“As cyber threats continue to increase at alarming rates, so does the need for businesses to protect their vital data from incoming breaches. We are excited about the opportunity to bring VirtualArmour solutions to companies that need a cybersecurity partner.”
According to Cybersecurity Ventures’ 2017-2018 Cybercrime Report, global cybercrime damage costs will hit $6 trillion annually by 2021, up from $3 trillion in 2015. About Cybersecurity Ventures
Cybersecurity Ventures is the world’s leading researcher and publisher covering the global cyber economy, and a trusted source for cybersecurity facts, figures and statistics. For more information, visit www.cybersecurityventures.com. About VirtualArmour
VirtualArmour International is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention, and overall network security.
VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com.Important Cautions Regarding Forward Looking Statements
This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S. securities laws. This press release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although, VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.
Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the success of the Academies, the future employee potential from the Academies, future interest in such programs, competitive risks and the availability of financing. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913 Email Contact Investor Relations:
Ronald Both or Grant Stude
CMA
Tel (949) 432-7566 Email Contact
VirtualArmour was taken private in Q3 2021. These legacy press releases are kept online for informational purposes. VirtualArmour is a proud member of the Evergreen Services Group family of companies.
CENTENNIAL, Colorado, May 24, 2018 — VirtualArmour International Inc. (OTCQB:VTLR) (CSE:VAI) (3V3:F), a premier cybersecurity managed services provider, has been invited to present at 8th Annual LD Micro Invitational Conference being held on June 4-6, 2018 at the Luxe Sunset Bel Air Hotel in Bel Air, California.
VirtualArmour, CEO Russ Armbrust, is scheduled to present on Monday, June 4, at 8:00 a.m. Pacific time, with one-on-one meetings held throughout the day. He will discuss VirtualArmour’s record 2017 results and the new marquee customers and partners that are driving the growth of the company’s higher-margin managed services business.
The LD Micro Invitational Conference is one of the nation’s largest independent conferences for small/micro-cap companies, with more than 230 names presenting to 1,000+ attendees. The conference will also feature variety of speakers and panelists discussing topics of interest to investors and issuers, as well as evening social events.
To schedule a one-on-one meeting with VirtualArmour, you may submit your request online via the link provided upon registration. To register for the conference, contact David Scher at [email protected] or visit www.ldmicro.com/events. For any questions about the company, contact Ron Both of CMA at (949) 432-7557 or submit your request here.
View VirtualArmour’s LD Micro profile here: https://www.ldmicro.com/profile/VAI.CN About LD Micro
LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into several influential conferences annually. In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector. For more information about LD Micro, go to www.ldmicro.com/events. About VirtualArmour
VirtualArmour is a global cybersecurity and managed services provider that delivers customized solutions to help businesses build, monitor, maintain and secure their networks.
The company maintains 24/7 client monitoring and service management with specialist teams located in its U.S. and UK-based security operation centers. Through partnerships with best-in-class technology providers, VirtualArmour delivers leading hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.
VirtualArmour services a wide range of clients, which include Fortune 500 companies and several industry sectors in over 30 countries across five continents. For further information, visit www.virtualarmour.com. Important Cautions Regarding Forward Looking Statements
This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S. securities laws. This press release includes certain forward-looking statements concerning the opening of Cybersecurity Academies in the U.S. and England, the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour. Although, VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.
Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the expectation for growth of the Company’s managed services business, competitive risks and the availability of financing. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. Company Contact
Russ Armbrust
CEO
VirtualArmour International Inc.
Tel (720) 644-0913 Email Contact Investor Relations:
Ronald Both
CMA Investor Relations
Tel (949) 432-7566 Email Contact
