Search Results for: cybersecurity

2020 Cybersecurity trends for businesses

Dianne Jacobs
Cybersecurity

Cybersecurity is key in any business because cyber attacks are a daily occurrence and when an organization is breached, millions to even billions of dollars is lost due to lawsuits, fines and loss of revenues and regaining customer trust? Well, that could take years to build back…if ever. Because of this, I believe that one of the biggest trends to impact cybersecurity in the coming year is the growing importance for organizations to view cyber risk as a measure of business risk because cybersecurity is no longer just the responsibility…

The UK’s cybersecurity agency issued a new guidance to ministries about using Russian antivirus software

The UK’s National Cyber Security Centre (NCSC) has issued a new guidance for how the country’s various ministries should closely manage their use of antivirus software supplied by a foreign nation, such as Russia’s Kaspersky Lab. In a letter to to heads of government ministries, NCSC CEO, Ciaran Martin said that organizations need to be vigilant to the risk that an [antivirus] product under the control of a hostile actor could extract sensitive data from that network, or indeed cause damage to the network itself. He went on to specifically…

IOT and cybersecurity: tomorrow’s threats today

A growing number of devices and appliances are now getting connected to a network, and to each other, to provide additional, enhanced features. We are beginning to see some of this potential being realised and the number of connected devices is growing fast. Cisco predicts that 50 billion new devices will be connected to the internet by 2020. Additionally, IoT connected cars are able to monitor and adapt to both internal performance quality and external environment, allowing modern cars to provide a new level of safety that was before unattainable.…

New York unveils final cybersecurity regulations

Cybercriminals can cause significant financial losses for business entities as well as for  consumers whose private information may be revealed and/or stolen for illicit purposes. The financial services industry is a significant target of cybersecurity threats. The New York Department of Financial Services unveiled the final cybersecurity regulations, which includes certain regulatory minimum standards while encouraging firms to keep pace with technological advances. New York is the financial capital of the world, and it’s critical that we do everything in our power to protect consumers and our financial system from the…

United States Imposes Cybersecurity Sanctions on Russia

Dianne Jacobs

On December 29, 2016, President Obama issued a new executive order that expands the authority of the US Secretary of Treasury to impose sanctions on individuals and entities for cyber-attacks to maintain cybersecurity reports the Business Advisor. This action marks the first-time sanctions have been imposed under the Cybersecurity Sanctions Program established on April 1, 2015, with the designation of nine entities and individuals. The new executive order specifically sanctioned five entities and four individuals in Russia for cyber operations aimed at the US election. The State Department announced that…

Cybersecurity still remains a challenge for many companies

Editor
Cybersecurity

Awareness and investment in cybersecurity may have grown in recent years, but the longer-term strategy of embracing the issue remains a challenge for many, said Mr Low Chee Juee, chief technologist of the cybersecurity practice at consulting firm Booz Allen Hamilton. Speaking at the tech risk conference during the Singapore Fintech Festival on Thursday (Nov 17), Mr Low said embracing cybersecurity remains a challenge even though organisations could reap the potential benefits of lower costs and improved organisational efficiency. “In terms of action, we’re still a step behind in a…

Cybersecurity firms greenlit to decrypt Viber, WhatsApp traffic

Russian cybersecurity companies have a greenlight to decrypt traffic of such popular communication tools as Viber, WhatsApp, Skype and Facebook Messenger, a popular business daily reports. The measure is connected to a recently-adopted anti-terrorism law. “We are going to look into the main messengers — WhatsApp, Viber, Facebook Messenger, Telegram, Skype both for iOS and Android,” Kommersant cites a letter from an employee of Con Certeza, a company dealing with the development of tools necessary for enforcing law in the telecommunications field. The employee wrote that the company aims to make…

Cybersecurity expert warn ‘Pokemon Go’ fans of cybercriminals

The release of “Pokemon Go” has sparked a frenzy among players and prompted a raft of warnings from lawmakers eager to prevent fans from putting their lives in danger. But the fevered anticipation of the game has also created opportunities for attackers, a cybersecurity software firm said. “The vulnerability from ‘Pokemon Go’ is due to the fact that Nintendo didn’t have a global release of the game,” said Michael Petit, Africa, Middle East and Asia head of mobility at Check Point Software Technologies. The mobile gaming app first rolled out…

White House Proposes $19 Billion Budget Allocation for Cybersecurity

US President Barrack Obama is seeking a 35 percent hike in cybersecurity funding in his final budget to boost the capability of the federal government to defend itself against cyberattacks. The proposed $19 billion request, which represents one of the largest increases ever sought in this area, comes as Congress and the public have witnessed an alarming series of intrusions in recent years against targets ranging from Target and Sony to the Pentagon and the Office of Personnel Management. The proposal is part of a larger package of initiatives the…

U.S. Senators introduce DHS Cybersecurity Bill to Protect ‘Dot-Gov’ Domain after breach

Staff Writer
Liquid Telecom

A bipartisan group of U.S. senators introduced legislation on Wednesday to give the Department of Homeland Security more authority to protect government Internet addresses in Cybersecurity bid. The goal is to prevent more cyberattacks like recent massive breaches at the government’s hiring office. Hacks targeting the Office of Personnel Management put the personal data of some 22 million Americans at risk and prompted the resignation of OPM chief Katherine Archuleta earlier this month. The cyberattacks prompted calls in Congress for huge improvements in monitoring and protection of government systems. Reports…