Welcome to the Future!
The SEC is getting tough on data security. State financial agencies likely to follow suit. Here’s what’s happening:
Financial Times | Securities and Exchange Commission gets tough on cyber security
Why is GM embracing white hat hackers? To help identify and notify of security risks.
What’s the industry response? Just announed Detroit’s first public security vulnerability disclosure program bringing together GM and HackerOne
What’s the benefit to white hat hackers? As long as thehackers follow basic published protocols, the hackers can challenge security without legal repercussions.
So, its creating charitable immunity for white hat hackers? in contract form, yes. It allows…
Data security insurance is a hot commodity. Here’s why:
Why the boom? High profile data security breaches lead to more data security policies being written.
Bloomberg | Cybersecurity Insurance Explosion Poses Challenges
Property Casualty 360 | Cyber insurance 2015: Inside a robust and rapidly changing market
Who is funding cybersecurity grants? The Hewlett Foundation Cybersecurity Initiative
How much in grant fudning is available? Started at $20 Million. It’s at $45 Million now.
The lucky recipients are? University of California at Berkeley, Stanford & MIT
Any Texas recipients? No. As Hewlett chief alludes, more private interests need to support research about how cyber security should look in the future. Specifically:
What data center project? Microsoft bought 158 acres in the Texas Research Park real estate controlled by the Texas Research & Technology Foundation.
How big of a project is this? It will be one of the largest data centers in the U.S.
Where’s the economic development angle? The Texas Research and Technology Foundation uses proceeds from the sale of the land to fund biotech companies
Puget Sound Business Journal | EXCLUSIVE: Microsoft buys nearly 160 acres in San Antonio for data…
…California.
The Hill reports that Congressinaction is by default allowing California’s data breach laws to precedence as a national standard.
California data security laws tackle business notification requirements; education data breaches; and health care data breaches.
10 States that strengthened daa security laws in 2015:
Moody’s is warning that its ratings analysis will include cybersecurity.
Moody’s big picutre cybsersecurity:
Moody’s specific analysis will include:
Why does this matter to Texas? Every state entity and local governmental entity that issues bonds will be impacted.
Security Experts say health care data is 4 to 12 times more valuable than credit card data to hackers.
Why is health care data so valuable?