THE BEHAVIORAL ECONOMICS OF WHY EXECUTIVES UNDERINVEST IN CYBERSECURITY

THE BEHAVIORAL ECONOMICS OF WHY EXECUTIVES UNDERINVEST IN CYBERSECURITY

Determining the ROI for any cybersecurity investment, from staff training to AI-enabled authentication managers, can best be described as an enigma shrouded in mystery. The digital threat landscape changes constantly, and it’s very difficult to know the probability of any given attack succeeding — or how big the potential losses might be. Even the known costs, such as penalties for data breaches in highly regulated industries like health care, are a small piece of the ROI calculation. In the absence…

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CHINA’S CYBER SECURITY LAW: THE IMPOSSIBILITY OF COMPLIANCE

CHINA’S CYBER SECURITY LAW: THE IMPOSSIBILITY OF COMPLIANCE

SHANGHAI – China’s much-anticipated Cyber Security Law (CSL) will come into effect on 1 June 2017.  The new law is the first comprehensive law to address cyber security concerns at the national level and to some extent consolidates cyber activities captured in other laws and regulations. The move by China to beef up its laws and regulations governing cyber activity is not dissimilar to what is happening around the globe. However deciphering exactly who is captured and what is covered is…

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WINDOWS 7 HARDEST HIT BY WANNACRY WORM

WINDOWS 7 HARDEST HIT BY WANNACRY WORM

The majority of machines hit by the WannaCry ransomware worm in the cyber-attack earlier this month were running Windows 7, security firms suggest. More than 97% of the infections seen by Kaspersky Lab and 66% of those seen by BitSight used the older software. Source: BBC News Read the full story >

DATA OF UP TO 1M AUTO LOAN CUSTOMERS ACROSS U.S. EXPOSED

DATA OF UP TO 1M AUTO LOAN CUSTOMERS ACROSS U.S. EXPOSED

An unsecured database left exposed on an Amazon server, possibly for two years, revealed names, addresses, credit scores and parts of Social Security numbers (SSNs) of up to one million applicants for car loans, according to a report on Threatpost. Source: SC Mag Read the full story >

CYBER THREATS ARE GROWING MORE SERIOUS, AND ARTIFICIAL INTELLIGENCE COULD BE KEY TO SECURITY

CYBER THREATS ARE GROWING MORE SERIOUS, AND ARTIFICIAL INTELLIGENCE COULD BE KEY TO SECURITY

In a constantly evolving digital threat landscape, where firewalls and antiviruses are considered tools of antiquity, companies are looking to more technologically advanced means of protecting crucial data. One such firm, U.K.-based Darktrace, uses machine learning capabilities — advanced algorithms that can adapt and learn — and probabilistic mathematics to learn the normal ‘pattern of life’ for every user and device in a network and detect anomalies. Their technology is modeled after how a human immune system identifies and responds…

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AS CITIES GET SMARTER, HACKERS BECOME SMARTER: THIS COULD STOP THEM

AS CITIES GET SMARTER, HACKERS BECOME SMARTER: THIS COULD STOP THEM

As governments create smarter cities, they need cybersecurity measures built from the ground up — or they risk costly data breaches which could compromise the privacy of their citizens. In 2016 alone, cyber-crime cost the global economy more than $450 billion and over two billion personal records were stolen, according to the chief executive of specialist insurer Hiscox. Cities around the world are using various technologies — smart devices, apps, sensors, big data analytics and Internet of Things applications —…

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HOW AI CAN ‘CHANGE THE LOCKS’ IN CYBERSECURITY

HOW AI CAN ‘CHANGE THE LOCKS’ IN CYBERSECURITY

Some of the world’s best-known brands have invested millions of dollars in information security. So have their adversaries. But malicious actors are counting on the fact that your defenses are operated mostly by humans and tend to be the same across the board. When you moved into your neighborhood, did you change your locks or do you have the exact same ones as all your neighbors? Think about what could happen if a thief compromised just one of those shared…

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NATO TO SPEND £2.6B ON SATELLITES, CYBERSECURITY AND DRONES

NATO TO SPEND £2.6B ON SATELLITES, CYBERSECURITY AND DRONES

Nato will announce plans to spend €3bn (£2.6bn) on upgrading its satellite and computer technology over the next three years, a senior official has said. As the alliance adapts to new types of warfare it hoped the technology will deter hackers, as the North Atlantic Treaty Organisation (Nato) acknowledges conflicts are increasingly fought out online rather than in the air, on land or at sea. Source: Independent Read the full story >

GOOGLE AND SISTER COMPANY TO OFFER CYBER SECURITY TO ELECTION GROUPS

GOOGLE AND SISTER COMPANY TO OFFER CYBER SECURITY TO ELECTION GROUPS

Google and sister company Jigsaw are joining forces to defend election organizers and civic groups against cyber attacks free of charge as the broader tech industry seeks to fend off criticism that it is not doing enough to stop online efforts to distort elections. The growing frequency of politically-motivated online attacks — from the recent hacking of Twitter accounts by Turkish nationalists to the U.S. Democratic Party’s email breach — has left governments and pro-democracy groups scrambling for ways to…

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