Welcome to the Future!
The goal: Provide cybersecurity awareness and training programs for small businesses
The federal legislation: H.R. 5064 To amend the Small Business Act to allow small business development centers to assist and advise small business concerns on relevant cyber security matters, and for other purposes.
SC Magazine | House plans vote on bill to improve small business cyber preparedness
Rand researchers put the cost of an average data breach at: t $200,000, much lower than the millions estimated elsewhere.
How much are cyber security costs per year for a business? An estimated 0.4% of annual revenues
Information Week | Rand Study: Average Data Breach Costs $200K, Not Millions
Which car was hacked? Tesla Model S
Who did the hacking? Researchers
Does Tesla have a bounty program to report vulnerabilities? yes
What were the hackers able to control?
PC World | Researchers hack Tesla Model S with remote attack
Alliance members include: Uber, Airbnb, Atlassian, Docker, Dropbox, GoDaddy, Palantir, Square, and Twitter
Goal of the Alliance: “streamline the vetting process that businesses use for evaluating vendors’ cybersecurity risks”
October 1st unvieling: security and compliance questionnaire to benchmark vendor risks
SC Magazine | Uber, Airbnb, Dropbox, and others form coalition to evaluate vendor cyber risks
A recent Tripwire survey of energy cybersecurity experts reveals:
SC Magazine | Energy sector cybersecurity workers overconfident in their capabilities
Alphabet Inc. spent more on lobbying efforts, $16.6 million. For those keeping count that’s more than AT&T & Lockhead Martin.
What sparked this lawsuit? Facebook’s acquisition of WhatsApp and concerns that WhatsApp data will be shared with Facebook
What law is at the center? Deeptive Trade Practices Act
Tech Times | Privacy Groups Prepare To File Complaint Over WhatsApp Sharing Data To Facebook
Which banks are invloved? The 8 largest banks are joining forces. This includes Bank of America, JP Morgan, and Goldman Sachs.
What will the 8 banks do to protect against cuber crime? Share intel and conduct war games to improve data security.
Why did they form? The large banks issues are similar unlike the data security efforts among all financial institutions and the large banks share information with the federal governmet but believe they get little information in return.
The growth of investment in cybersecurity firms since 2011: 235%
SC Magazine | Investment in cybersecurity strong as cyberthreats increase
Why are businesses not securing all online information? Its profitable to not secure the data. The penalties for not securing data are not impactful.
What legislation or regulatory reform is crucial? Not government specifics on security but rather strong enforcement and meaningful fines from regulatory enforcement.
What’s the future in hacking? Its not buying and selling information, but rather modification of the data that is out there already.