BlackCloak and Ponemon Study Finds Corporate Executives' Personal Lives are Prime Target for Cybercriminals

BlackCloak and Ponemon Study Finds Corporate Executives’ Personal Lives are a Prime Target for Cybercriminals - and Most Companies Aren’t Prepared

ORLANDO, FL, April 11, 2023 – BlackCloak, the pioneer in Digital Executive Protection and concierge cybersecurity for executives and senior leaders, high net worth individuals, and family offices, today announced that a new national survey conducted in partnership with the Ponemon Institute found that cyber attacks on the personal digital lives of executives are a growing threat, but most companies are unprepared to prevent them or to mitigate the potential damage to their organizations.

The study, which polled over 500 cybersecurity professionals across all major industries, found that 42% of companies have already experienced cybercriminal attacks on their executives or their executives’ families which had serious negative consequences for the organization. Some of these organizational impacts include: loss of customers or business partners (66%); theft of corporate intellectual property, research and development data, or business strategy information (78%); and theft of customer or employee data (27%).

“Based on our first-of-its kind national survey focused on the digital personal lives of corporate executives, we found that 62% of organizations do not have a team dedicated to preventing or responding to cyber attacks on executives and their families,” said Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute. “Even more astounding is that 79% of those surveyed believe that a future risk of cyber attack on these executives is likely. It’s not a problem that companies can afford to sweep under the rug.”

“The results of our study confirm what our team is seeing day in and day out in our discussions with senior cybersecurity leaders – corporations are not well prepared to face cyber threats against their executives in their private lives,” said Dr. Chris Pierson, CEO and Founder of BlackCloak. “With only 9% of cybersecurity professionals highly confident that their CEO or executives would know how to protect their personal computer from viruses, and only 22% when it comes to securing personal emails, it paints a pretty dismal picture.”

BlackCloak has observed a wide range of cybercriminal threats which are actively targeting the personal digital lives of executives. These include email compromise, ransomware, malware infection, doxxing, extortion, online impersonation and even physical attacks, such as swatting.

The complete BlackCloak research report will be published in May 2023. Click here to download BlackCloak’s infographic with preliminary results. To get on the list to receive a copy as soon as the full report is published, click here. 

 

RSA Conference 2023

BlackCloak will be attending RSA 2023 this year, offering several ways for attendees to meet and mingle with its leadership team. Click here to: 

  • Register for its Happy Hour party on Monday, April 24
  • Schedule a 1:1 meeting with the BlackCloak leadership team (including the CEO, CISO, or VP of Sales), or 
  • Attend a Learning Lab led by Dr. Pierson. 

About Ponemon Institute

Ponemon Institute is dedicated to independent research and education that advances responsible information and privacy management practices within business and government. Our mission is to conduct high-quality, empirical studies on critical issues affecting the management and security of sensitive information about people and organizations. We uphold strict data confidentiality, privacy, and ethical research standards. We do not collect any personally identifiable information from individuals (or company identifiable information in our business research). Furthermore, we have strict quality standards to ensure that subjects are not asked extraneous, irrelevant, or improper questions. Learn more at ponemon.org. 

About BlackCloak

BlackCloak protects corporate executives and high-profile individuals from cybersecurity, privacy, financial, and other reputational risks. Used by Fortune 500 companies across all industries, the BlackCloak Concierge Cybersecurity & Privacy™ Platform is a holistic solution including mobile and desktop apps as well as concierge support. Executives and high-profile individuals get peace of mind knowing their family, reputation, and finances are secured. Companies rest assured that their brand, intellectual property, data, and finances are protected against threats coming through executives without having to invade their personal lives. Learn more at www.blackcloak.io, follow them on LinkedIn and Twitter. 

Media Contact:

Mike Sias

[email protected] 

A city skyscape at night..

ITSP Magazine: Safeguarding the C-Suite | Pioneering the Future of the Executive Digital Protection Revolution

A Their Story Conversation from RSA Conference 2023 | A BlackCloak Story With Chris Pierson and Daniel Floyd

ITSP Magazine talking about BlackCloak, a cutting-edge cybersecurity company that’s changing the game when it comes to digital executive protection. So buckle up, sit back, and prepare to be amazed as we unravel the incredible story of BlackCloak and its mission to safeguard the digital lives of corporate executives and high-profile individuals. In this episode, the team at ITSP is joined by our founder, Dr. Chris Pierson, and their Chief Information Security Officer, Daniel Floyd. Both of these experts bring decades of experience in system architecture, security operations, and cybersecurity strategy to the table. As they discuss the unique challenges faced by executives and their families in the age of remote work, it becomes apparent that traditional cybersecurity measures are no longer enough.

Watch the full podcast here: https://www.youtube.com/watch?v=Uic4VLlVCS4

BlackCloak announces new mobile application for digital executive protection.

BlackCloak Announces New Mobile Application for Digital Executive Protection and Welcomes Matt Petrosky as Vice President of Product

ORLANDO, FL, April 4, 2023 – BlackCloak, the pioneer in Digital Executive Protection and concierge cybersecurity for executives and senior leaders, high net worth individuals, and family offices today announced its new mobile application to support clients seeking to protect their personal digital lives. The application offers a significant number of features and enhancements, allowing users to monitor the cyber health of their applications, services, home networks, emails, and more. In addition, BlackCloak also announces the appointment of Matt Petrosky as Vice President of Product. In this role, Petrosky will be responsible for scaling the product team and managing BlackCloak’s evolving Concierge Cybersecurity & Privacy™ Platform.

Newly Engineered Platform

“We are excited to release an entirely new platform for personal cybersecurity to our clients.  The work of this team to deliver a first class product that puts the power of cybersecurity and privacy in the hands of this highly targeted client base is truly amazing,” said Dr. Chris Pierson, founder and CEO of BlackCloak. “As we’ve seen with the LastPass breach, cybersecurity risks go beyond the four walls of the office and the need for this personal protection continues to grow.”

Features of the BlackCloak Mobile Application include: 

  • Malicious Calendar Engine – Using proprietary anti-malware technology, the BlackCloak mobile app will automatically determine the legitimacy of invitations or newly added calendars, giving members the opportunity to delete potentially malicious events before malicious code can be injected. 
  • Manage BlackCloak Services – Clients will have the ability to view and manage details of their BlackCloak services including their home network and email account protection. 
  • Enhanced VPN and wireless security functionality.

“We’re excited to launch our new mobile application, enabling clients to stay protected from bad actors looking to compromise their digital personal lives,” said Aaron Wise, CTO of BlackCloak. “The enhancements we’ve made give the client peace of mind knowing that their digital assets, channels, and services are continuously monitored for malicious activity.” 

Matt Petrosky, VP of Product

With over 20 years of experience, Petrosky brings a wealth of cybersecurity knowledge to BlackCloak. At BlackCloak, Petrosky is responsible for leading product development efforts, from design to execution, with an emphasis on creating an exceptional and delightful customer experience. Prior to joining BlackCloak, Petrosky was the VP of Product at GreatHorn, where he led the effort to develop and launch a cloud native email security solution to protect against advanced threats. Matt also held several leadership positions with VMware Carbon Black, including product management, community leadership, and customer care. 

“Over the past couple of decades, I’ve witnessed bad actors poking and prodding for the path of least resistance. Today, that path has become personal digital lives,” said Matt Petrosky, VP of Product at BlackCloak. “I’m thrilled to join the BlackCloak team to bring years of experience in networks, endpoints, and applications to protect the digital lives of executives and high profile individuals. It’s another category-defining company with incredible potential to help disrupt attacks and defend organizations.”

“I am very excited to have Matt as a partner with me and our team on this journey,” Pierson stated. “And I am looking forward to the next growth in the evolution of our protection platform.”

 

About BlackCloak

BlackCloak protects corporate executives and high-profile individuals from cybersecurity, privacy, financial, and other reputational risks. Used by Fortune 500 companies across all industries, the BlackCloak Concierge Cybersecurity & Privacy™ Platform is a holistic solution including mobile and desktop apps as well as concierge support. Executives and high-profile individuals get peace of mind knowing their family, reputation, and finances are secured. Companies rest assured that their brand, intellectual property, data, and finances are protected against threats coming through executives without having to invade their personal lives. Learn more at www.blackcloak.io, follow them on LinkedIn and Twitter. 

 

Media Contact:

Mike Sias

[email protected] 

The Street: Fraudsters' New Trick Uses AI Voice Cloning to Scam People

The Federal Trade Commission is warning consumers against a new scam in which cybercriminals are using artificial intelligence to make clones of people’s voices to pretend to be your friend or family member and scam your money. Dr. Chris Pierson shares his thoughts on the latest scam.

Read the full article here: https://www.thestreet.com/technology/fraudsters-new-trick-uses-ai-voice-cloning-to-scam-people

American Banker: Silicon Valley Bank customers deluged with scams

Cybercriminals are targeting those affected by the Silicon Valley Bank collapse, looking to take advantage of the urgency they feel. In this American Banker article, Chris Pierson shares how companies can support their employees in avoiding the knee jerk responses that bad actors are banking on.

Read the full article here: https://www.americanbanker.com/news/silicon-valley-bank-customers-deluged-with-scams