The U.S. Cybersecurity and Infrastructure Security Agency has begun issuing alerts about 56 flaws across operational technology equipment built by 10 different vendors. Researchers at Forescout Technologies say the flaws trace to poor design decisions by vendors.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino of PNC Bank join ISMG editors to discuss the many new privacy laws in the U.S., current ransomware and scam trends, and handling the potential corporate risk of sharing information on social media.
Insurance claims being filed by ransomware victims are growing as criminals continue to hit businesses with crypto-locking malware. To avoid these claims, organizations can take a number of proven steps to better protect themselves, says Payal Chakravarty of Coalition.
Cloudflare sees opportunity in the growth of zero trust and is integrating recent email and cloud security acquisitions with native data security and network discovery capabilities. "I like the fact that we can grow in both directions," says company CEO Matthew Prince.
When building an insider risk management program, don't start "too large or too quickly," says Randy Trzeciak of Carnegie Mellon University. He says the first step is to protect your organization's critical assets and services and then "build a risk program appropriate to those assets."
Ronald Raether of Troutman Pepper says privacy, data security and information governance departments must collaborate to reduce unauthorized access to systems by criminals and make data operationalization more effective. He also says proper data mapping, governance and classification are critical.
CTO Daniele Catteddu of the Cloud Security Alliance sees significant gaps in how the cybersecurity industry delivers education and training. For example, he says, while organizations are demanding Zero Trust services and guidance on implementation, the industry's offerings do not meet that demand.
The overlying problem in cybersecurity is scale and the complexity that comes from that scale, says Philip Reitinger, president and CEO of the Global Cyber Alliance. He says we need to simplify how we defend ourselves and "give individuals and companies products that meet them where they are."
Publicly traded companies will need to beef up their cybersecurity knowledge since the the U.S. Securities and Exchange Commission is proposing rules and guidelines that would mandate more stringent oversight of cyber risk, says Roger Sels, former vice president of cyber solutions for BlackBerry.
Crum & Forster CISO Chris Holden says it's critical to see cybersecurity as a business enabler rather than a business inhibitor. He is taking on the perception that security is the "Department of No" and works hard to change the culture at his company.
Canada's Desjardins Group has reached an out-of-court settlement to resolve a data breach class action lawsuit. The breach, which the credit union group first disclosed in 2019, traced to a "malicious" insider who for 26 months had been selling personal details for 4.2 million active customers.
Ransomware struck global currency exchange and remittance company Travelex on New Year's Eve 2019. Don Gibson, a security architect at Travelex, became publicly linked with the incident, and the undesired attention he received contributed to a health situation that nearly led to a tragic outcome.
Siemens is advising its SINEC NMS customers to update to version V1.0 SP2 or newer in order to prevent exploitation of vulnerabilities that could allow remote execution of malicious code. As an alternative, customers could just restrict access to affected systems to trusted IP addresses only.
Evolving to a zero trust architecture can be overwhelming for organizations, leaving many unsure of where they should even start. Cloudflare Chief Security Officer Joe Sullivan urges CISOs to break the journey into bite-sized chunks that can be easily digested.
Throughout the pandemic, more organizations have embraced managed service providers, but the same economies of scale that attract customers also make MSPs an increasing target of attackers, says Candid Wüest, vice president of cyber protection research at Acronis.