To avoid the use of stolen personally identifiable information, the uK is seeing a rise in the use of biometric identifiers.
SC Media | Rise in use of biometrics products for cyber-security, report predicts
Category Archives: business trend
CONTRACTING TREND. Adding Cybersecurity Standards to Procurement Process. Read the New Rules. See the New Rules Be Adopted by Other Agencies.
Department of Defense is adding cybersecurity standards to its procurement process.
Requirements in the new contracting rules that take effect this fall are:
- Maintain adequate cybersecurity
- Notify the requisite agency of cyber incidents
- Applies to any subcontractors
FedScoop | Pentagon will soon hold contractors to elevated cyber standards
Intelligent Transportation Cybersecurity Task Force. 3 Bits of informed:intel
The brainchildren behind Intelligent Transportation Cybersecurity Task Force: Intelligent Transportation Society of America & nonprofit Cyber Future Foundation
Which stakeholders are involved? auto manufacturers, government leaders and transportation officials
What will the task forces study? cybersecurity issues- legal and liability issues and policy, regulation and legislation- to esnusre the highest elevel of safety and privacy in a connected transportation environment
Government Trend. Business Trend. Economic Impacts of Data Breaches Controls in Health Care.
The GAO has issued a warning about the economic impact of data breaches & the economic boon of the Internet of Things, inter conencted devices.
The economic impact as a result of a data breach is tempered by the economic benefits of health care adopting connected devices (IoT technology). The numbers:
- 60% of healthcare organizations worldwide expect to adopt IoT technology by 2019
- 73% of organizations that adopt IoT point to cost savings
Agency Connects Small Businesses to Cybersecurity Assistance.
The Federal Trade Commission created the website, FTC Small Business.
The goal of FTC Small Business is to:
- become better prepared for dealing with scams
- securing computer networks
State agencies to follow…
SC Media | FTC launches cybersecurity site for small businesses
Lege Trend. Small Business Cyber Protection Bills. 3 Key Points.
the federal legislation: Making Available Information Now to Strengthen Trust and Resilience and Enhance Enterprise Technology (MAIN STREET) Cybersecurity Act
how it helps small businesses: Adds small businesses to the list of things that the National Institute of Standards and Technology must consider when updating its voluntary guidance on how to guard against cyberattacks.
the state commission recommendation: Missouri’s Cybersecurity Task Force recommended increased support for small…
TREND. State Audit Meets State Cybersecurity Risk Management Audits
Cybersecurity Risk Management Audits are a 2 step process:
- “criteria used by management to explain its cybersecurity risk management”
- “a control, outcome-based criteria that management can use to internally evaluate controls and processes in place”
Bloomberg | “COMMON LANGUAGE” ENVISIONED FOR CYBERSECURITY RISK MANAGEMENT AUDITS
TREND. Fintech. Data Security. New Study. 3 Keys to Government Oversight.
Federal Agency Regulatory Oversight option(s):
- FTC
- Consumer Financial Protection Bureau
- Office of the Comptroller of the Currency
4 identified data security areas in fintech:
- marketplace lenders
- mobile payments
- digital wealth platforms
- distributed ledger technology
Balance data security protections with the 3 benefits of fintech:
- lower costs
- faster service
- expanded access to credit
The Recorder | GAO’s Fintech Report Highlights Data Security, Lack of Clarity on Regulatory…
Lege Trend: Notify State Tax Agency of Some Breaches. Good for Businesses.Read the Bill.
State: Virginia
The breach that triggered legislation: rampant W-2 phishing e-mails that have plagued businesses
Why was a legislative fix necessary? These data breaches and scames cost many states millions of dollars as a result of payments made and investigations conducted on fraudulent tax returns.
The legislative fix:
- Notification to Attorney General & VA Department of Taxation
- When employers and payroll service providers experience a breach
- The breach must involve taxpayer…
Lege Trend. FLAW in Legislation that offers Credit Monitoring.
A March 2017 GAO highlights flaws with credit monitoring services.
Credit monitoring services do not address these cyberthreats:
- medical identity
- tax refund fraud