We cannot allow this slow economic bleed of our economy to continue. It slows down and even reverses living standards. We simply cannot invest billions into research and development and have it siphoned from us with a few clicks. There is no justifiable reason to let this happen anymore. Smart and competent people have been sounding the alarm bells for some time, but they need more voices to back them.
Expectedly, our cybersecurity issues are growing. We say expectedly for a variety of factors including, but not limited to: size and scope of breaches, increasing costs that cannot be accurately estimated or predicted, a proliferation of technologies and abilities, and geopolitical tensions. Given current conditions, we do not see a particularly bright future if our current cybersecurity strategy remains more or less constant.
What is our current strategy? In short, it is the accumulation of a lot of expensive toys to hold together decaying infrastructure, along with a healthy dose of the putting aside or worse, ignoring, the basics. In short, we look to more technological solutions, but we avoid the single greatest problem: our decisions. The growing track record of failures demonstrates that this “technology-heavy” approach is not working.
The underlying problem with this strategy is that it is simply untenable unless there is some revolutionary technology that completely changes the landscape. And while we do think artificial intelligence and quantum computing will be game-changing, we do not necessarily believe they will solve all our problems. Poor handling and implementation of these two technologies may, in fact, accelerate our demise. Therefore, we cannot continue to throw what limited resources we have at supposed technological wizardry, fixes, and repairs when the root of our deepest problems are inherently insecure systems, poor maintenance, and social engineering. Continue reading “A National Cybersecurity Action Plan is a Serious Priority”
This plague has only increased and has prompted much research and writing on cybersecurity best practices (including by us) settling on, at the very least, one or more best practices designed to lessen (if not entirely mitigate) the effects of ransomware.
The recent WannaCry ransomware exploit brought into full view several factors that terrify many companies and their boards of directors. Why? Because these directors are charged with the fiduciary duty of overseeing the cyber risk preparations and defences of their companies for their shareholders.
In today’s environment, this presents quite a challenge for companies and boards alike. Security has always been a challenge because the defender must be right 100 per cent of the time and an attacker needs only one lucky shot. Effective cyberattacks can involve factors, such as:
1. A ‘zero-day’ or previously unknown software exploit (or vulnerability) that even advanced IT departments could not have reasonably planned for
2. An exploit that encrypts files when enabled or executed, and will not give the files back unless a ransom is paid
3. A public relations nightmare trying to explain to third parties, regulators (and in the case of WannaCry, hospital patients) why service levels dropped (i.e. evaporated) due to lack of properly segmented back-up recovery media and/or less than rigorous implementation of standard patches for older operating systems. Continue reading “Cybersecurity: A fiduciary duty”
The Non-Technical, No Nonsense Guide For Directors, Officers, and General Counsels
Cybersecurity, as many organizations practice it today, is broken. Everybody is feeling the pressure as competitors and partners alike dread a breach. Leadership can’t be left in the dark due to technobabble, a lack of resources, or excuses as to why cyber risk cannot be measured.
FireEye is proud to support the new eBook, The #CyberAvengers Playbook: Doing the Little Things (and Some of the Big Things) Well (2017 Edition). This short guide is designed to give you actionable items that could help any organization improve its cybersecurity posture.
Download the eBook and pick up the following tips from the #CyberAvengers:
- Oversight duties: Learn to view risk from an enterprise perspective in an era where accountability and fallout costs are surely going to grow.
- Cyber risk: Why it matters and how to wisely spend your limited resources.
- Communication gaps: Cybersecurity is not an IT-only issue, so do not be afraid to speak your mind. We show you which questions to ask.
- Response and continuity: Even the best-tested plans can go out the window during a time of crisis. Learn to minimize the fallout.
- What’s happening in 2017 and what to expect in 2018: From the ransomware scare to the General Data Protection Regulation (GDPR) coming into effect, business is becoming more expensive. We try to help you save wherever you can.
The specifics of a security approach may vary according to circumstances, but the mesh that connects the elements is situational awareness combined with systematic abilities for critical communications in cases of emergency.
What are the new Cybersecurity Stakes – What are vulnerabilities and risks?
We live in world of algorithms; x’s and o’s. Our digital world is ripe for access and compromise by those who want do harm from just a laptop and server. A myriad of recent breaches have demonstrated that as consumers we are becoming more and more dependent upon digital commerce. Our banking accounts, credit cards, and financial daily activities are interconnected. We are all increasingly vulnerable from hackers, phishers, and malware proliferating across all commercial verticals.
In the past year, the employment of ransomware has become a method of cyber-attack choice by hackers. This is because many networks (especially hospitals, utilities, universities, and small businesses) are comprised of different systems, devices and often lack required patching and updating necessary to thwart attacks. The recent Wannacry, and Petya attacks were certainly wake up calls to the disruptive implications of ransomware. We can expect to see more such attacks because of the ease of infection and because the vulnerabilities to networks still remain. Continue reading “Rising Tides and Higher Stakes – High Performance Counsel Interview with Chuck Brooks”
The more digitally interconnected we become in our work and personal lives, the more vulnerable we will become. Mitigating the cyber threats will grow as a priority and requires security awareness and that data be secure and reliable.
In 2017 we are facing a new and more sophisticated array of physical security and cybersecurity challenges that pose significant risk to people, places and commercial networks. The nefarious global threat actors are terrorists, criminals, hackers, organized crime, malicious individuals, and, in some cases, adversarial nation states. Everyone and anything is vulnerable, and addressing the threats requires incorporating a calculated security strategy.
According to Transparency Market Research, the global homeland security market is expected to grow a market size of $364.44 billion by 2020. A large part of the spending increase over the past year is directly related to cybersecurity in both the public and private sectors. Continue reading “Meeting Growing Security Challenges”
Would you invest time and treasure in a “goes nowhere” project? Probably not. You have better things to do. Therefore, take steps – like encryption, tokenization, and data masking – to make your data so meaningless to an adversary that they will consider you a “goes nowhere” project.
Before we jump in, we need to make clear the following: no single solution will ever offer complete and total security. In fact, even multiple solutions designed to provide overlapping layers of security to your crown jewels will not provide “complete and total” security. But what any reasonably implemented solution should do is the following: slow down your adversary by making their job difficult and eventually forcing them to move on to a more easily accessible target (or, more colloquially, go for the low hanging fruit).
Although this fact should be relatively obvious, both of us still experience – more often than we would like to admit – “experts” professing they can provide “total security” because they have the latest and greatest technology. As we indicated in our previous article (making sense of big data), big numbers are, in fact, hard to make sense of by mere mortals like us. In the same fashion, humans are really bad at understanding probabilities (for those who seek greater understanding of the topic, Nassim Nicholas Taleb, author of The Black Swan and Fooled by Randomness, explains the subject well). “Low” probability is in fact quite different from “zero” probability, but we often make the mistake of equating the two (and such a mistake could be perilous). Continue reading “Make Yourself a “Goes Nowhere” Project for Adversaries”
Let’s start with this basic concept: today, “data” is everything. Both personally and professionally, much of our lives have been converted into a bunch of zeroes and ones. Our reliance on data has never been greater and is only certain to grow, especially with the explosion of the Internet of Things (IoT).
It’s funny how kids have an affinity for toys we enjoyed as kids – like Legos. They will spend hours creating the biggest “thing,” often leading to a parent’s near universal response, “Johnny! That is the biggest tower I have ever seen! Great job!” Children (and we) love Legos because they foster imagination, offering a limitless way to create something “gigantic!” And in a more practical sense, Legos sometimes give us a great perspective on the important concept of “scale.”
As counsellors and consultants, replicating the “scale” issue as it relates to the respective data, information and network security problems is a challenge. Unfortunately, “layperson” directors and officers of public companies, along with executives in government, tend to view “scale” (as it pertains to data protection) as a bad thing (and even a scary thing). Part of the challenge here is that there are few practical ways to explain to those holding these positions that an organization’s security operations center may receive upwards of one million “incidents “every day and, at the same time, adequately deal with, and investigate, the potential peril inherent in such incidents, and reasonably assure that not even one of these small incidents slips between the cracks. Continue reading “Bringing Clarity to Really Really Big Data: A Case for AI and Machine Learning to Help Crunch and Protect Our Data”
Because of the exponential growth of the Internet of Things, mobile devices, big data and digital commerce, cybersecurity has grown immensely as a key priority while DHS has assumed more of a formal government role in the civilian cyber arena. Cyberthreat actors include hackers, terrorists, criminals and nation-states.
As one of his first national security appointments, President-elect Donald Trump has selected retired Marine Gen. John F. Kelly to lead the Department of Homeland Security. Kelly is widely recognized for his expertise in counterterrorism, his dedication, composure and intellect. He is especially known for his excellent leadership skills honed by more than 40 years of military service, including as the commander of U.S. Southern Command. Continue reading “The cybersecurity priority for DHS in 2017”