Press Releases

May 19, 2021 – KENS5 San Antonio. Bawn provides cyber insurance insight for small businesses.

If you’re hit with a cyberattack, the damages can be long-lasting, especially if you’re a business owner. Your money, reputation, and customer’s trust are on the line.

Jonathan Trimble, a former FBI agent of 24 years, says, “businesses can take steps today to protect themselves.” During his time with the agency, he investigated various criminal matters, including corporate fraud, identity theft, violent crime, money laundering, and computer crime. He’s now the founder and CEO of Bawn, a company providing cybersecurity services for companies across the U.S. Trimble explained how the average cost of a data breach has increased over the last several years.

“Back in 2018, it was about $3.8 million. (In) 2020, it was about $8.9 million, the average cost of a cyberattack, and that’s incorporating the entire scale of businesses,” he said. “If you look at small businesses, the cost is much lower, it’s about $200,000, but that has a very large impact on small businesses.”

He further shared that 60% of small businesses which fall victim to a cyberattack end up closing down operations within six months. He said, “cyber insurance is a critical component of a business, but finds that people don’t think of adding it to their business plan.”

“A lot of times, cybersecurity is not a core competency of an organization, especially small businesses. If you’re a law firm, you’re focused on the case log and keeping up to date on that. If you’re a CPA firm, you’re focused on doing financial record keeping or tax returns,” he said.

“Businesses should not think it’s not going to happen to them. It’s better for them to start somewhere, instead of just hoping it won’t happen to them.”

Cyber insurance can help a company recover from a data breach, including costs associated with work stoppage, system damages, legal fees, and ransoms. He said, “there are many options, and coverage can be tailored to your business.”

“Over the past few years, insurance underwriters have gotten more savvy as far as what type of assistance to cover, what security controls need to be in place. They ask a lot of questions that they haven’t before,” Trimble said.

He said it depends on what’s included in the policy, but overall, coverage is surprisingly cheap compared to other insurance policies.

May 13, 2021 – KENS5 San Antonio. Following pipeline hack, former FBI agent warns businesses: ‘Get ahead of it before it happens.’

Jonathan Trimble said, “smaller businesses are particularly vulnerable to the increasing wave of cyberattacks, though it isn’t the ransom itself which would hurt most.” KENS 5 San Antonio reports that The FBI confirmed a Russian group known as Darkside orchestrated the ransomware attack on Colonial Pipeline. On Friday, the cybercrime group locked up the company’s computer system and demanded a ransom.

Colonial Pipeline delivers about 45% of the east coast’s fuel supply. As the company shut down operations to investigate the disruption, fuel prices began spiking, and people began hoarding gas in multiple states.

The fear surrounding the gas shortage even spilled into Texas. KENS 5 obtained a video of lines of drivers waiting to fill up at a gas station in the Rio Grande Valley.

Jonathan Trimble, the founder, and CEO of Bawn, a security firm which protects businesses across Texas, shared insight on the attack. Before he launched his company, he served 24 years in the FBI, where he was chief technology officer of the bureau’s information management division.

He also supervised a number of criminal matters, including corporate fraud, identity theft, narcotics, child abductions, and computer crime. Trimble said, “for the past 20 years, cyberattacks have continued to rise.”

“If this can happen to a large organization that they know plays a critical component in the nation’s economy, that type of event can happen to any type of business,” warned Trimble.

The energy grid and water supply in the nation barely have federally mandated cybersecurity protections. Trimble said, “when it comes businesses that are left to defend themselves, a ransom isn’t what may be the costliest consequence—it’s the fallout from a potential work stoppage.”

“From a company standpoint, it’s a business decision. How much pain can that organization endure?” Trimble said. “The scariest statistic that I see is that 60% of small businesses that are hit by a cyberattack within six months are forced to shutter their businesses because of the cost of that cyberattack.”

The FBI confirmed it is working with the Colonial Pipeline to investigate the cyberattack. As for other businesses that don’t have a squad of federal investigators, Trimble advises owners to make security plans now.

“The best way to address that is to get ahead of that before it happens, because if they wait until it happens and after they’re hit by an attack? There’s not much anyone can do to help them,” he said.

Colonial Pipeline restarted operations late Wednesday afternoon but said in a statement it will take several days for deliveries to return to normal. The company did not give an update on the ransomware investigation.

April 29, 2021 – Rotary Club of Corpus Christi. Bawn presents “Cybersecurity for Small Business.”

The recent data breach of the Law Firm Jones Day and the threats of ransomware, social engineering, and data breaches were discussed by Jonathan Trimble, Founder of Bawn.  Mr. Trimble outlined “quick wins” for small businesses, such as security awareness training, system backups, and multi-factor authentication to protect sensitive information.  He also discussed the advantages of cyber liability insurance in the event a business suffers from a significant data breach.

April 9, 2021 – National Institute of Security, Safety, Management, and Applied Technology (NISSMAT). Jonathan Trimble, Founder of Bawn, presents as a guest lecturer discussing “Managing Corporate Risks in the Corporate World.”

Mr. Trimble addressed the importance of identifying and controlling risks, and how to communicate corporate risks to the C-suite, and how to effectively partner with senior executives to address risk. NISSMAT aspires to be the foremost think tank and corporate training institute in the field of Security, Safety, Management, and Applied Technology in the entire Afro-Asian region. It is also in the process of creating a prominent research cell for security professionals and management students, and scholars.

April 2, 2021 – Rotary Club of Northwest Austin. Bawn presents “Cybersecurity for Small Business.”

The recent data breach of the Law Firm Jones Day and the threats of ransomware, social engineering, and data breaches were discussed by Jonathan Trimble, Founder of Bawn. Mr. Trimble also outlined “quick wins” for small businesses, such as security awareness training, system backups, and multi-factor authentication to protect sensitive information. He also discussed the advantages of cyber liability insurance in the event a business suffers from a significant data breach.

March 17, 2021 – KENS5 San Antonio. Bawn featured in a news article concerning Non-Fungible Tokens.

Would you purchase a 10-second video clip for $6.6 million? Well, someone actually bought an NFT for that amount. KENS5 San Antonio explains what an NFT is and the risks and contacted Bawn for insight.

NFTs, or non-fungible tokens, are a new type of digital asset. Non-fungible means they’re unique, meaning they cannot be swapped one-to-one for each other. Fungible assets are things like cash, gold, or a cryptocurrency like Bitcoin. NFT’s only exist online, and they’re authenticated through blockchain, which is a system that holds information that’s very difficult to change or hack.

NFT’s are valuable because each is unique, and the price is directly linked to its scarcity. NFT’s are digital collectibles and can take the form of artwork, social media posts, or videos.

As NFTs gain more traction, they’re also attracting more attention from criminals. People are reportedly losing hundreds of thousands of dollars’ worth of NFT artwork to hackers. There are various reports indicating that criminals are accessing buyer’s accounts and transferring the digital items or using the victim’s card information.

KENS 5 spoke with Jonathan Trimble, a retired FBI agent who specializes in cybersecurity. He gave insight into how hackers operate. He served 24 years with the agency, and prior to his retirement, he was the Chief Technology Officer of the FBI Information Management Division. He now leads Bawn, a security firm based in Austin.

“They will invest a lot of resources in understanding the way a system works or the way an individual behaves before they launch their attack. Maybe months of surveillance is conducted before they actually move to collect the NFTs or digital assets,” said Trimble.

Trimble said, “People may stereotype hackers as people who are living in a basement to perform data breaches. But he says they run a sophisticated business.”

“There might be a team of people that work on different aspects of the breach. There are some people that do the technology exploitation and others doing the actual hacking. There might be a boss that runs the entire activity. There’s going to be another person that does the social media engineering,” he said. “So, it goes back to these organizations that are auction houses or trading platforms and using multiple different ways to minimize that risk.”

March 3, 2021 – Rotary Club of South Austin. Bawn presents “Cybersecurity for Small Business.”

The recent data breach of the Law Firm Jones Day and the threats of ransomware, social engineering, and data breaches were discussed by Jonathan Trimble, Founder of Bawn. Mr. Trimble also outlined “quick wins” for small businesses, such as security awareness training, system backups, and multi-factor authentication to protect sensitive information. He also discussed the advantages of cyber liability insurance in the event a business suffers from a significant data breach.

September 30, 2020 – Bawn commences operations in Austin, TX.

With a focus on providing integrated cybersecurity solutions to law firms, private equity firms, CPA firms, and other firms responsible for highly sensitive information, Bawn commenced operations with the tagline “Protected Data Secures Your Business.”

“We will take the cybersecurity burden off of these already busy firms,” said Jonathan Trimble, Founder of Bawn. “Cybersecurity is not just an IT problem; it is a corporate risk. Adding technology solutions without a thoughtful strategy does not necessarily increase overall security. A firm’s people, processes, and technologies must work together to comprise an effective and useful system. Our integrated approach is what sets us apart from competitors.”

Customer focus and addressing the specific needs of firms protecting sensitive information also make Bawn’s approach to cybersecurity unique. Bawn’s services include Cybersecurity Assessments, Planning and Strategy Development, Incident Response, and Digital Forensics.