local government – Page 7 – InfoHive

Cyber Security Factoring into Debt Rating for Cities, Counties & States.

Cyber security is becoming an element in analysis for bond markets.

Is this shift a result of a catalyst? Yes, the use of malware toward local governmental entities

Does this follow inthe footsteps of other entities disclosing cyber protections to investors? Yes, utilities and hospitals are starting to disclose any information to potential investors in bond documents about cyber risks or defenses

Reuters | U.S. muni market slowly starts paying heed to cyber risks

3 Bits of informed:intel. Cyber Attacks & Downgrades to a City's Credit Rating

Has a US city had its credit rating downgraded after a cyber attack? No

Do financial industry analysts think it possible to downfgrade a city’s credit rating after a cyber attack? yes

What factors can play into whether a local governmental entity’s credit rating could get downgraded?

Does the local governmental entity, like a school district or municipal utility, have the fiscal reserves to pay the costs of cleaning up a cyber attack?
Does the cyber attack hamper the tax payers support of…

Bill to Require ID Protection at any State Government Data Breach. 3 Bits informed:intel

State: California

The legislation: Assemblyman Matt Dababneh sought to apply the standard applied to business of requiring 1 year of ID theft protection services for anyone who is impacted by any government breach in California. AB 241 (2017)

The Opposition is winning as the bill stalls. The loyal opposition includes California State Assn. of Counties, the Urban Counties of California, and the League of California Cities

Opposition arguments:

it would cost cities & counties too much
state…

Local Trend: City Writes Broadband Ordinance.4 Requirements on Cable Operators.

City: Seattle

Seattle’s Broadband Ordinance requires:

requires Cable Operators to obtain opt-in consent before sharing a customer’s web browsing history
Requires Cable Operators to obtain opt-in consent before they use customer web browsing history
The exception: unless it is necessary to render a service ordered by the customer or pursuant to a subpoena or valid court order authorizing disclosure, or to a governmental entity.
Cable operators must attest to compliance with this rule by…

3 Ways Smart Cities = Data Security Nightmare

The uptick in hacks as connectivity increases:

42% increase in the number of connected devices since 2016
number of attacks on critical infrastructure jumped from under 200 in 2012 to almost 300 attacks in 2015

Smart technology adoption is high, but:

innovations are deployed without robust testing
cybersecurity is often neglected
security protocols are not kept current

A hypothetical hack of power systems impacting 93 Million in North America would cost:

anywhere from $21 billion to $71…

Large City Hit with Ransomware. The ransom: 24 bitcoins

City: Newark, NJ

The ransom: 24 bitcoins, or roughly $30,000

the impact to the city: Poilice operations were functioning, but the city’s administrative systems were functioning in safe mode.

The date of the attack: Began on April 21st.

SC Media | City of Newark reportedly hit in ransomware attack

Texas School District. Hacked. Grades Change. 3 Key Points to Know.

How the Spring Branch School District school was hacked: with a stolen password

What did the hacker do once in the SBISD computer system: changed grades

Was the hacker caught?

Yes, the 10th grade student was arrested & charged with breaching a computer system, a state jail felony
The student offered to change other student grades for a fee

SC Media | Texas 10th grader hacks school network to change grades

KHOU | Student accused of changing grades at Memorial HS

Emergency Radio Signals Hacked. Pivot for Cyber Security Legislation.

When considering legislation to protect state infrastructure and emergency management systems, it has beeen revealed that the hack that led to the triggering of the Dallas emergency alarms was not a computer hack, but a hack of the radio signals.

State Tech | Dallas Reveals Radio Signals, Not Network Hack, Triggered Emergency Sirens