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Security Port
Contains relevant information that pertains to security related issues and solutions.

Security Port

A Security Port Blog
Samsung patches multiple SmartThings Hub security flaws
08/13/2018

Samsungs SmartThings hub suffered from 20 vulnerabilities that could have allowed attackers to control the internet-of-things devices connected to it. Thankfully, security intelligence firm Cisco Talos discovered the flaws and worked with the Korean company to resolve the issues, allowing Samsung to release a firmware update that patches them for all affected customers.

Five myths about security clearances
08/10/2018

Five Myths:

1. There is a security clearance level above top secret.
2. You can not be political if you have a security clearance.
3. There is such a thing as a permanent clearance.
4. There is no reason for former employees to have clearances.
5. Only the president can declassify secrets.

If you have this security camera, anyone can watch and listen to you
08/08/2018

Web-connected cameras can be great security and monitoring tools that can keep your home safe. With a smartphone or a computer, these cameras allow you to view their live feeds over the internet, essential for home security, surveillance or for keeping an eye on children or pets.

But as we approach the age of these Internet of Things hacks, what if these webcams, that are supposed to make you feel safe and secure, are full of security holes themselves? What if someone can turn these cameras against you, and in turn, invade your own privacy?

Lifelock Security Breach
08/06/2018

LifeLock is a company that helps people keep their identity safe online. So there is some small irony in the company having a vulnerability on its website that would allow a spammer or phishing attacker to grab the email addresses of its customers. Symantec, which owns LifeLock, says the problem has been fixed, and there is no indication that a bad actor actually took advantage of the flaw.

Google and Two Factor Security
08/03/2018

Google has credited physical, two-factor security keys for the lack of successful phishing attempts against the company. And this week, it introduced its own, called the Titan Security Key, and made it available to its cloud customers.

A Decade-Old Bluetooth Flaw Leaves Countless Devices Exposed
08/01/2018

Bluetooth has had its share of problems lately, but maybe none are quite this long in the tooth. Researchers from security firm Trail of Bits this week detailed what is called an invalid curve attack that takes advantage of a flaw in the Bluetooth protocol that nobody noticed for more than 10 years. Attackers can exploit the flaw to perform a man-in-the-middle attack, intercepting Bluetooth traffic between paired devices. Apple devices have been patched, but Windows remains exposed, along with countless Bluetooth dongles and headphones and so on that rarely get software updates.

Hacking the Power Grid
07/30/2018

Last fall, security firm Symantec revealed troubling news: Russian hackers were sitting on US power grid controls, a position that would allow them to cause large-scale blackouts on a whim. The Wall Street Journal reports this week that the scale of that operation appears larger than previously thought, claiming hundreds of victims.

Google Shame
07/28/2018

Google finally implemented its name-and-shame strategy for Chrome, labeling all sites that use unencrypted HTTP connections—instead of secure HTTPS—as Not Secure.

Your Wi-Fi Security Is Probably Weak.
07/23/2018

Chances are that when you bought a Wi-Fi router, you probably did not prioritize strong network security.

After all, when we think about wireless connectivity in our homes, most of us generally care more about speed of data transmissions and how much range the router can cover.

Network security needs to be high on our list of considerations because a Wi-Fi station is the gateway for devices to get on the internet. If your router is infected with malicious software, all your internet-connected devices become vulnerable, including your smartphone, computer, smart watch, television and Amazon Echo.

A recent cyberthreat underscores the need to take network security more seriously.

IoT Security
07/20/2018

From hacked connected cars to power grids, the implications of IoT security issues seem to be getting graver – yet when it comes to pointing fingers for security troubles, many times victims don’t even know where to start.

IoT experts said at the Security of Things Forum today said that a big problem, on top of an already lax culture when it comes to securing IoT, is the fact that there are so many different players behind an IoT solution – and none are viewing security as a shared responsibility.

There is no single neck to grab [when it comes to IoT security], which is a lot different than what we are hearing in the overall market, said Chris Rezendes of Context Labs.

Huawei rejects Australia security concerns
07/18/2018

Huawei issues open letter to Australia over security concerns

The Chinese telecoms company just issued an open letter to Australian authorities over recent criticism that if it was allowed to participate in the country's upcoming 5G roll-out, control of the country's infrastructure could fall into the hands of Beijing. This comes as Huawei deals with US concerns over the Chinese telecoms giant's potential security risks as well as having had big name retailers stop selling its phones.

The open letter, written by Huawei Australia Chairman John Lord and two of its board directors, called the recent reports il-informed and not based on facts while claiming to be good and safe for the country. It was also pointed out that Huawei has 5G investments in the UK and New Zealand, while stating that any rule-breaking would end its businesses overnight in the countries it has interests in.

Does your Android phone get a regular security update?
07/16/2018

Part of owning a smartphone is making sure that it remains up to date. Whether it is for the apps you have downloaded or the OS itself, it is important to stay on top of it all in order to get maximum performance and benefit from your device.

Whether it is for performance reasons, to get new features or just make sure the phones security is as tight as it can be, failure to update can ultimately lead to some problems. Fortunately many phones will automatically update, and if not, at least inform us when something new is ready to be downloaded. When it comes to Androids, there are so many updates to keep track of that it may be tough to remember if your device is actually running the newest software.

Google to Fix Location Data Leak in Google Home, Chromecast
07/13/2018

Google in the coming weeks is expected to fix a location privacy leak in two of its most popular consumer products. New research shows that Web sites can run a simple script in the background that collects precise location data on people who have a Google Home or Chromecast device installed anywhere on their local network.

6 Reasons Why IoT Security Is Terrible
07/11/2018

Connecting physical infrastructure to the Internet makes systems vulnerable to new security threats. What keeps executives awake at night varies by industry, but cybersecurity problems are worsening everywhere.

Security officers in manufacturing worry about employees inserting infected USB drives into machines, while hospital administrators fear that malware will wipe out an unpatched MRI machine, or that a hacker will direct an infusion pump to administer a lethal dose of medicine.

Pondering an IPO, cyber security company CrowdStrike raises $200 million at over $3 billion valuation
07/09/2018

CrowdStrike, the developer of a security technology that looks at changes in user behavior on networked devices and uses that information to identify potential cyber threats, has reached a $3 billion valuation on the back of a new $200 million round of funding.

The company’s hosted endpoint security technology has seen tremendous adoption worldwide and its popularity was able to win the attention of General Atlantic, Accel, and IVP which co-led the company’s latest round. Previous investors March Capital and CapitalG both participated in the company’s new financing.

Improving the Adoption of Security Automation
07/06/2018

T has always added value through automation, but its penetration into security practices historically has been lower than in other functional areas. For example, in the just-released Oracle and KPMG Cloud Threat Report 2018, only 35% of respondents said that Our company is committed to security automation and actively investing in solutions, even as the survey revealed that a fundamental aspect of protecting the cloud-enabled workplace is the challenge of keeping pace at scale.

Automation should be an essential part of the IT toolkit, enabling organizations to massively scale and remove effort, but it currently is not widely adopted in most enterprises. To attack this problem, it is important to understand automation's barriers to adoption and how they can be overcome

Nano Android Wallet Users Advised to Move Funds Due to Security Flaw
07/04/2018

Users of cryptocurrency Nano who downloaded a new Android app must create a new wallet and move their funds after the discovery of a security vulnerability, according to a June 21 tweet Nano.

Developers made an urgent appeal to users June 21, asking them to relocate funds to a wallet which had a different seed.

The Android wallet, which developers released just a day earlier along with implementations for iOS, Mac, Windows and Linux, had survived just hours before being pulled.

While an official statement about the issue has yet to emerge, Nano executives reassured users on social media that the vulnerability was localized and would not affect users of other wallets.

Millions of Baby Monitors, Security Cameras Easy to Hack
07/02/2018

In a new report, information-security firm SEC Consult details a vulnerability the snoop might have exploited. If SEC Consult is right, many other baby monitors, security cameras and webcams made by the same manufacturer (hint: it isn't FREDI) might be vulnerable to the same attack.

To protect yourself, you should always change the password to one of these devices, as soon as it comes out of the box. If there is no password, or you can not change the password, throw it out and buy something better.

Security, privacy experts weigh in on the ICE doxxing
06/29/2018

In what appears to be the latest salvo in a new, wired form of protest, developer Sam Lavigne posted code that scrapes LinkedIn to find Immigration and Customs Enforcement employee accounts. His code, which basically a Python-based tool that scans LinkedIn  for keywords, is gone from Github  and Gitlab and Medium took down his original post. The CSV of the data is still available here and here and WikiLeaks has posted a mirror.

Growing need for cyber security & engineering professionals
06/27/2018

Cyber security and cyber engineering is a mix of computer science, electrical engineering, and math with a focus on cyber security. The need for professionals in this field is constantly growing. According to the National Initiative for Cyber-security Education there is over 285,000 job openings right now. By the year 2020 there will be over 1.8 million more cybersecurity professionals needed to accommodate the predicted global shortfall.

8 Security Tips for a Hassle-Free Summer Vacation
06/25/2018

1. Trust Your Instincts
2. Know Your Surroundings
3. Plan, Plan, Plan
4. Protect Important Information
5. Backpacks Come In Handy
6. Mind your Money
7. Be Smart About Communications
8. Remember Faces

How Blockchain Can Help Increase The Security Of Smart Grids
06/13/2018

Blockchain is the new hot technology that promises to disrupt many industries. It gains traction at a time when smart electrical grid management systems are automatically diagnosing problems and emergencies, and reconfiguring responses to them. It also comes at a time when the U.S. Department of Homeland Security announced that Russians had successfully hacked into at least one power grid in the U.S. and have been attempting to do so since 2016.

Obviously, security of smart grids is critical. And, according to Benjamin Gu, founder and chairman of Daex, blockchain technology may just hold the answer to improved security standards of interconnectivity, data exchanges and permission control. Daex is a cryptocurrency clearing solution based on distributed ledger technology that serves as a bridge connecting exchanges, and a custodian of multiple assets for users.

Cybersecurity Threats: 85 Percent of Security Professionals Predict a Major Attack
06/11/2018

Eighty-five percent of security professionals believe cybersecurity threats will lead to an attack on major critical infrastructure over the next five years, according to a recent survey. The annual Pwnie Express study, The Internet of Evil Things, polled approximately 500 security professionals about a range of cybersecurity threats, including malware and devices connected as part of the Internet of Things (IoT).

The research looked at the variety of industry sectors that might be least prepared for an attack. Health care topped the list at 51 percent — but was followed closely by the waste and wastewater sectors (47 percent) and the energy sector (43 percent).

Security professionals may be predicting major attacks on critical infrastructure because they are already dealing with so many issues in their own organizations. Malware attacks affected 59 percent of those polled, for example. Additionally, 32 percent were impacted by ransomware. More serious cybersecurity threats — specifically distributed denial of service (DDoS) attacks — struck 30 percent.

An Advanced DIY Home Security System: Stay Safe And Avoid Fees
06/08/2018

Home security systems are a bit like cars: the price is never the price. First there’s the cost of the unit, but then installation turns out to be a big expense, and service fees build up month after month. The DIY home security system has always been an attractive solution, but technologically incapable of doing a good enough job for most people’s liking.

VMware, Okta Unveil Pact to Take on Microsoft in Mobile Security
06/06/2018

VMware Inc. and Okta Inc. unveiled a partnership meant to challenge Microsoft Corp. in the market for mobile-device security systems, as corporate employees increasingly work at home or on the road.

The pact between the former competitors promises complete integration of two overlapping product offerings. Joint customers will be able to use VMwares digital workspace platform and Oktas software that enables secure logins to access business smartphones, laptops, tablets, cloud applications and network information.

The companies said that their joint offering integrates with products from Apple Inc., Alphabet Inc. and Windows devices more seamlessly than Microsoft’s mobility suite, which they said does not do as good a job connecting to other companies’ devices.

Bitcoin Could Be a Problem for U.S. Security Clearances
06/04/2018

As the Pentagon struggles to recruit a more tech-savvy workforce, it’s facing the confusion of many an old-timer: What to make of people who invest or trade in Bitcoin.

The question is whether owning Bitcoins or lesser-known cryptocurrencies such as Ripple and Ethereum is an indicator of risky personal behavior -- one that should flag extra scrutiny in security clearances -- or just another investment choice.

Data Security and GDPR: You Can Not Protect What You Don’t Know
06/01/2018

Last month, I spoke to an audience of sales and marketing professionals at the General Data Protection Regulation (GDPR) Summit in London. I thoroughly enjoyed the experience. My presentation and live demo focused on data security and how basic defense measures can help with several of the key GDPR obligations.

When GDPR was first discussed, many feared that it would force businesses to be more insular and defensive about their data. Thankfully, the reality has been very different. Instead of seeing GDPR as a threat, many businesses see it as a welcome opportunity to get their house in order and, for once, tackle the thorny question of data protection head-on.

Application and device security under the spotlight
05/30/2018

The security of internet-connected devices and associated applications has become a significant concern, prompting suggestions legislation may be required, while the UK governments recent Secure by Design review suggests several solutions, including legislative measures

Until recently, device security has been of minimal concern. However, recent events – such as hundreds of thousands of IoT devices being co-opted into a botnet and the American casino that had data leaked through a smart fish tank – have highlighted the necessity for robust device security measures for this digitally-connected...

Bank of America Patents Blockchain Security Tools
05/28/2018

Bank of America has won a patent for a way to control access to certain aspects of a permissioned blockchain network, newly published documents show.

The patent for a somewhat innocuously titled system for managing security and access to resource sub-components explains how security tokens (essentially electronic keys, distinct from blockchain-based assets that mimic physical securities) would be used to grant access to certain users to the information contained in a particular block. According to the text, the system would be automated, effectively meaning that the network itself would grant and track access.

Bank of America was awarded the patent on May 22, according to the US Patent and Trademark Office (USPTO). It represents the latest intellectual property development for the bank, which has filed many blockchain-related applications in recent years.

Uranium makes feds list of minerals critical to national security, setting off a debate in Utah and beyond
05/25/2018

The Interior Department has identified 35 nonfuel mineral commodities that are essential to national security, including uranium and several others found in Utah.

Interiors U.S. Geological Survey helped compile the list under an executive order President Donald Trump issued in December, calling for a national strategy for reducing reliance on critical minerals and promoting access to domestic supplies.

The appearance of uranium on the list, published Friday in the Federal Register, has spurred controversy among those who contend uranium does not qualify as either nonfuel or critical.

Bridging the realms between cyber and physical security
05/23/2018

The recent tragic events in Las Vegas, Lakeland, Manchester – and most recently at the YouTube campus—have put the issue of gun-related violence and the response to these incidents in the headlines. But there are other physical dangers as well. In late March, some 64 people—many of them children—perished in a fire in a Russian mall.

The prevalence of such disasters—and the possibility of dual physical and cyberattacks—has prompted some firms and investors to propose tech-based solutions for physical security. The need for such solutions is widespread. A recent survey from GrandView Research predicted that the global physical security market would grow from about $134 billion today to $290.7 billion by 2025 – an annual compound growth rate of 9.2 percent. The impetus is the perception that there are growing threats across the globe and new tech-based solutions to mitigate them.

National Guard Using Cybersecurity Skills To Protect Integrity Of Midterm Elections
05/21/2018

Cybersecurity has taken center stage in American elections. In the past, the job of an election official meant making sure there are enough ballots and keeping lines of voters moving along at polling places. The job changed after Russian-backed hackers tried to break into election-related systems in 2016. That happened in at least 21 states.

The National Guard is now being called up in some states to help make sure these 2018 elections are more secure. From West Virginia Public Broadcasting, Dave Mistich has more.

The value of 20/20 hindsight in cybersecurity
05/18/2018

US-CERT publicly disclosed widespread cyber-attacks on domestic energy and other infrastructure locations.  These attacks had been occurring since at least March 2016 and had successfully compromised a number of locations including some nuclear facilities, water, and aviation locations.

This was not a typical drive-by attack. It was a systematic, multi-staged effort that advanced up the kill chain and utilized several sophisticated targeting techniques including spear-phishing, watering-hole domains, and ultimately the targeting of industrial control systems infrastructure.

Some details of this attack became known to the targets by at least September 2017, approximately six months before the public disclosure.

Enterprise cloud adoption outstrips cybersecurity capabilities
05/16/2018

Enterprise companies are adopting SaaS at a rapid pace but are failing to budget for security solutions to protect the data they hold, research suggests.

On Tuesday, cloud security firm iboss released a white paper documenting the rising adoption rates of software as a service (SaaS) applications, which while often valuable for companies, may also pose a risk when cybersecurity is an afterthought.

Verizon Cites Ransomware as Top Cybersecurity Threat
05/14/2018

In Verizons latest Data Breach Investigations Report, ransomware was once again cited at the top security threat for businesses and consumers, and also noted that this type of malware is now targeting the critical systems of companies such as databases.

The report is based on an analysis of 53,000 incidents and over 2,200 breaches occurring in 65 countries. Of all of the types of malicious cyber attacks, ransomware was found in 39 percent of all of the malware-related cases studied, which is double the number of attacks from last years report.

4 steps to creating a winning cybersecurity strategy in 2018
05/11/2018

Most organizations are in the phase of rapidly gearing up to contain and manage cybersecurity threats. The question is how and where to begin?

In many ways the US Federal Government went through this same difficult phase in 2015 due to the OPM data breach. There are some worthwhile lessons to be learned­­. One of the key elements of the Federal response was to set cybersecurity at the forefront of a chief executive’s responsibility with clear assignment of accountability. The second element was to provide funding and investments to upgrade the cybersecurity posture.

These upgrades included concerted programs such as the Cybersecurity sprints and the Continuous Diagnostics and Mitigation (CDM) Program amongst others. For mid-sized organizations and enterprises looking to focus on cybersecurity issues in 2018, here is a proven playbook to help creating a winning strategy.

Cybersecurity tips: How companies can prevent mass data breaches
05/09/2018

As data breaches and the loss of personal information become more ubiquitous, the importance of cybersecurity inside the workplace has become increasingly imperative.

According to the 2018 Data Breach Investigation report released by Verizon, there were more than 53,000 incidents and 2,300 breaches in 2017, with almost 75% of those perpetuated by outsiders.

The issue of data privacy came into the light again after reports emerged in March that Facebook had inadvertently allowed the political consulting firm Cambridge Analytica to collect and misuse the data of more than 87 million users.

So what can companies do in order to protect themselves? Verizons global head of cybersecurity, John Loveland, suggests starting with employees and training them to be vigilant of how hackers can breach the system.

Are gamers the answer to the cybersecurity skills gap?
05/07/2018

Gamers may be the logical next step to lessening the cybersecurity skills gap, McAfee said in releasing a new report, Winning the Game.

The report is based on a survey that polled senior security managers and security professionals in public-and private-sector organizations. Nearly all (92%) of respondents said they believe that gaming affords players experience and skills critical to cybersecurity threat hunting: logic, perseverance, an understanding of how to approach adversaries and a fresh outlook compared to traditional cybersecurity hires.

In fact, three-quarters of senior managers said they would consider hiring a gamer even if that person had no specific cybersecurity training or experience.

Cybersecurity and defence for the future of Europe
05/04/2018

This is a time of change for the world and a time of opportunities for Europe. The European system of values is being challenged in its resilience by the global megatrends: globalisation, digitisation, migrations, artificial intelligence and rise of global threats.

This is the time when the European Union needs to make sure it is taking the right direction, with digitisation and security at the core. Our actions will only be decisive when we create a competitive, prosperous, resilient and secure Europe - for every European citizen.

Cybersecurity often pops up when we speak about risks and threats. However, cybersecurity - and security in general - is more than that.

Cyber expert: Future bleak, but fixes are on the way
05/02/2018

Computer science teaches the background knowledge needed to perform research, while upper-level and graduate courses provide the opportunity for research, he explained. Case encouraged the students in attendance to focus on groundbreaking research, rather than incremental improvements.

Motor industry faces growing threat of cybersecurity attacks
04/30/2018

In the summer of 2015, the motor industry was rocked by a series of high-profile car hacks that remotely unlocked car doors, turned on windscreen wipers, interfered with steering and even stopped a Jeep Cherokee in its tracks on the highway.

The industry already knew that any device with an internet connection could be hacked and that as cars became increasingly connected they could easily become a prime target for those with malicious intent. Despite this, many automakers were slow to secure their vehicles and the audacity of the Jeep hackers – who reportedly spent three years developing their technique – caught people on the hop and led to the recall of 1.4 million vehicles in the United States.

This incident, which auto analyst IHS Markit estimates cost Fiat Chrysler $45.5 million (€37 million), exposed a major vulnerability and underlined the extent to which the auto industry was trailing consumer electronics when it came to security.

Less Than Half Of Companies Detected Threats In the First Hour
04/27/2018

A new survey shows that less than half of all organizations are able to detect a major cybersecurity incident within one hour, while less than one-third said that even if they detected a major incident, they would be unable to contain it within an hour.

The data comes from LogRhythms annual benchmark survey, Cybersecurity: Perceptions & Practices, which surveyed 751 IT decision makers in the United States, United Kingdom, and Asia-Pacific regions.

Lawmakers look to boost Energys cybersecurity role
04/25/2018

To protect the energy sector and other critical infrastructure against cyber threats, lawmakers are looking to boost the Department of Energys cybersecurity role and questioned the future role of its new cybersecurity office.

Five cybersecurity trends to watch
04/23/2018

The year 2017 was plagued by cybersecurity disasters, from Verizon accidently leaking the names, phone numbers and PIN codes of as many as 14 million customers to Equifax exposing sensitive personal information of nearly half the U.S. population. The year 2018 is not shaping up to be much better with Dell reporting in January a security flaw potentially impacting almost all of its processors stretching back a decade. As cybersecurity incidents continue to make news headlines throughout the year, here are a list of trends to keep an eye out for.

Cybersecurity skills lacking in the legal sector
04/20/2018

According to a new assessment, while legal services are embracing new technologies the legal profession is lacking the necessary skills to ensure good cybersecurity practices are in place. Greater investment in resources is also required.

According to a new assessment, while legal services are embracing new technologies the legal profession is lacking the necessary skills to ensure good cybersecurity practices are in place. Greater investment in resources is also required.

The assessment comes from Lewis Slaney, writing from the website Threat Management. Slaney notes how legal practices process considerable volumes of sensitive and private information, which makes them a key target for cybercrime. He also notes that the number of attacks appears to be on the rise and that attacks are becoming more sophisticated.

Why Cybersecurity Is About More Than Prevention-Focused Products
04/18/2018

Breaches of Equifax, HBO and Uber made headlines in 2017, and 2018 will have its own share of high-profile breaches. As the threat landscape continues to evolve, cybercriminals are becoming more creative and expanding their attack vectors. The industry spends billions trying to protect against every imaginable threat, but experts tell you that, no matter how much you spend, it's never enough.  

The mistake most companies make is that they focus solely on security products, thinking: "If I have this product, then I am safe." The reality is that a security product focuses on only one attack vector (e.g., email), but you need to think about more than just email to truly be safe. But where to start? There is an endless supply of products and services available for every known vulnerability and attack vector a company could possibly have. In other words, without knowing better, a company could spend everything down to its last dime on cybersecurity.

National Cyber Security Centre warns UK Government and power companies of Russian threat
04/16/2018

UK Government departments have been issued guidance over possible Russian cyber attacks on key British infrastructure.

The National Cyber Security Centre (NCSC), a branch of intelligence agency GCHQ, has issued advice to key organisations on boosting security and improving cyber defences, according to reports.

Officials from the NCSC have warned the National Grid, major power companies, the Sellafield nuclear power plant and NHS hospitals to prepare for possible action from Vladimir Putin's government, including cyber attacks that cause a blackout or theft of data.

It comes after the Kremlin announced tit-for-tat expulsions of British diplomats in response to prime minister Theresa May's decision to kick out 23 Russian embassy staff.

Dispelling The Fantasy That Cybersecurity Is Sexy
04/13/2018

The news is awash with stories of presumed Russian hackers leaking secrets and unleashing bot armies on social media to spread misinformation, manipulate public opinion and swing the outcomes of elections in the U.S., Europe and elsewhere. The collective imagination is captivated by the conception of shadowy criminals conspiring to take down major corporations from hidden parts of the internet.

How to Improve Federal Cybersecurity Efforts
04/11/2018

Last year was another banner year for cyber hackers and bad actors. A recent report found that the number of data breaches reached 1,202 in 2017—a 50 percent increase since 2015. Breaches on both public- and private-sector networks resulted in millions of Americans having their personal and financial data compromised. The private sector was particularly hit hard with the massive Equifax data breach impacting 145.5 million people. But federal agencies also continue to face major challenges. The Transportation Security Administration and the National Security Agency both experienced serious breaches, even as the federal government has taken steps in recent years to help prevent such successful attacks. These ongoing cyber breaches suggest agencies aren’t doing all they can within the established cybersecurity frameworks and initiatives that abound across government today. The public sector can, and should, play a larger role in helping ensure massive breaches like those at Homeland Security Department, Office of Personnel Management and even Equifax don’t happen again.

Cybersecurity in the Cloud Era
04/09/2018

As CFOs assume greater responsibilities for operational risk management, it is critical to understand security, privacy, and compliance controls. Here is the practical guidance needed to minimize cybersecurity risk with cloud vendors.

Cybersecurity is top of mind for CFOs. Nearly two-thirds of CFOs in a recent study said they are now taking on responsibility for operational risk management and mitigation—and elements of cybersecurity are a big part of that.

The 2015 Cost of Data Breach Study by IBM and the Ponemon Institute found that the typical total cost of a breach was around $3.8 million, an increase from $3.5 million the year before. Putting aside damage to brand and reputations—which can be substantial—the impact on customer trust, and in turn acquisition and retention as well as market value, all add up.





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