Bakuei Matsukawa
9 articles
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ResearchNot Only ARTEX: The Different Levels AI is Used in Attacks Targeting Japan
In autumn 2026, companies and other organizations in Japan reported a succession of data leaks from their web systems. The Japanese government’s National Cybersecurity Office issued an alert to businesses on October 9, and the chair of the ruling party’s cybersecurity headquarters described cyberspace as being in a “state of emergency.”
October 27th, 2026 20 minBakuei Matsukawa, Joseph C Chen
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ResearchThe Enterprise Guide to Governing Autonomous AI Agents
In this report, we present the security and governance issues enterprises should consider when adopting and using AI agents. We lay out the risk structure unique to AI agents and present a security framework and a method for technical and organizational controls to support AI adoption.
September 30th, 2026 5 minSean Park, Bakuei Matsukawa
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ResearchA Data-Driven View of Cyber Risk Structure: How Attack Pressure and Exposure Shape Damage
TrendAI™ Research analyzed 2,014 enterprises throughout 2025 and found that cyber damage is shaped by the interaction of attack pressure and exposure, with the highest-risk organizations experiencing up to 3.3 times as much damage as the lowest. The study introduces a Cyber Risk Positioning Map that can help organizations identify whether to prioritize reducing exposure, strengthening response capability, or both.
June 1st, 2026Bakuei Matsukawa
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BlogHow AI-Native Development Platforms Enable Fake Captcha Pages
Cybercriminals are abusing AI-native platforms like Vercel, Netlify, and Lovable to host fake captcha pages that deceive users, bypass detection, and drive phishing campaigns.
September 19th, 2025 4 minRyan Flores, Bakuei Matsukawa
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ResearchProactive Security: The Role of Exposure Management and Detection-Response Capability
Cyberattacks are growing increasingly sophisticated and frequent, which is why security strategies focused solely on detection and response are no longer sufficient. This reality brings renewed attention to the importance of identifying and mitigating cyber risks before incidents occur.
July 2nd, 2025 24 minBakuei Matsukawa
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ResearchFrom Vulnerable to Resilient: Cutting Ransomware Risk with Proactive Cyber Risk Exposure Management
This article highlights the critical importance of reducing the Cyber Risk Index, presenting findings that establishes a significant correlation between higher Risk Indices and increased susceptibility to ransomware infections.
December 11th, 2024 22 minBakuei Matsukawa
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ResearchA Closer Exploration of Residential Proxies and CAPTCHA-Breaking Services
This article, the final part of a two-part series, focuses on the details of our technical findings and analyses of select residential proxies and CAPTCHA-solving services.
July 27th, 2023 28 minFyodor Yarochkin, Philippe Lin, Bakuei Matsukawa, Ryan Flores…
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ResearchHow Residential Proxies and CAPTCHA-Solving Services Become Agents of Abuse
This article, the first of a two-part series, provides insights on how abusers and cybercriminals use residential proxies and CAPTCHA-solving services to enable bots, scrapers, and stuffers, and proposes security countermeasures for organizations.
June 26th, 2023 17 minFyodor Yarochkin, Philippe Lin, Bakuei Matsukawa, Ryan Flores…
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ResearchUnderstanding Ransomware Using Data Science
Our research paper shows how decision-makers that are in a position to affect ransomware at scale – including policy-makers and industry leaders – can use data-science approaches to understand ransomware risk holistically and build cybersecurity strategies that can affect the ransomware ecosystem as a whole.
February 23rd, 2023 6 minVladimir Kropotov, Bakuei Matsukawa, Robert McArdle, Fyodor Yarochkin…
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