How to Talk about Cybersecurity to your Board: Cybersecurity Risk Management Oversight Tool

It is no secret that cybercrime has hit a record high. Reports from The Center for Strategic and International Studies and McAfee are estimating that worldwide cyberattacks – including online fraud, financial crimes, post-breach mitigation, cyber insurance and more – are costing the world a whopping $600 billion —  a $150 billion increase over 2014.

Taking into mind that any organization, large or small, can be hit with ransomware, DDoS attacks, and other cyberattacks, the Center for Audit Quality has announced a new tool to help board members, management, and CPA firms have a strategic discussion about cybersecurity risks, mitigation processes, and disclosures.

Hey, You! Get Off of My Cloud

  In conversations about cloud computing, people tend to refer to the tool as “The Cloud” which implies that somewhere out there in the virtual world is a single place where all data and online apps live. Actually, there are many cloud services available. In fact, the virtual world can be downright overcast with the number of cloud choices.

Cloud computing gives businesses access to data, apps, services and files anywhere, anytime. The problem is – what if it also allows access to anyone?

The Cloud especially improves team collaboration when a business has multiple locations or even numerous employees working on the same project in the same location but on individual devices. Teams that use social technologies like cloud collaboration tools have raised their productivity over 20 percent.

CyberSecurity Trends – A Year in Review

Now that we are a few months into 2018, security analysts are able to look back on 2017 and analyze leading cybersecurity trends. Not surprisingly, according to the Cisco 2018 Annual Cybersecurity report, there was an elevenfold increase in malware last year.

“Adversaries are becoming more adept at evasion— and weaponizing cloud services and other technology used for legitimate purposes,” the report declares.

The following are some of the major cybersecurity trends of 2017:

Ransomware Families Up 32%, Total Ransomware Threats Down 41%
According to Dark Reading, the growth in ransomware attacks hit a plateau, while the number of ransomware families rose considerably. As cybercriminals become more adept in targeting individuals and organizations, the variety of ransomware attacks are evolving. Not surprisingly, the WannaCry variant dominated the landscape – making up 57% of all ransomware detected last year.

911 Attacks on Cities Nationwide Bring the Ransomware Threat Home

The 911 Call Centers have become a symbol of rescue and hope.  But in recent months, that very symbol of safety is under attack in such cities such as Baltimore, Atlanta and Seattle.  Ransomware and denial-of-service attacks are targeting these 911 centers, forcing some cities to “write down” emergency calls — pushing the system back 50 years or so.

Don’t Trade Security for Wi-Fi Connectivity – Top Ten Threats to Your Wi-Fi Network

The ability to connect to the Internet anywhere and at any time has made a business Wi-Fi network a necessity for most organizations. With benefits ranging from increased productivity to improved customer satisfaction, implementing a wireless network for your employees and guests is no longer just an option. It’s pretty simple to enable Wi-Fi, just walk into any retail store or office lobby and you’ll find a long list of available connections. However, keeping the network secure is the real challenge.

Cybersecurity Spending is on the Rise in 2018 – Invest in Peace of Mind

It seems a full week can’t go by without another headline about an organization getting breached. Whether it’s a new phishing scheme, a major malware attack on a city municipality or a strategic ransomware threat, the dangers are real, and the costs can be extraordinary. The cybersecurity landscape continues to evolve and as modern technology advances, security threats do as well. What protections do you need in place for you to sleep better at night?

The Year of Crypto Currency Hackers

In 2017, the world saw the rise of ransomware as the names of famous ransomware attacks permeated the news such as Petya, Goldeneye and more.  According to Secplicity, “…malware is at an all-time high, global ransomware damages are predicted to exceed $5 billion, and data records are being stolen by hackers at a rate of more than 5 million a day.”

The Future of Law Enforcement: AI and Robots

Two scenarios:

  1. A cyber-attack launched on government sites throws mission-critical systems into disarray and affects public safety.
  2. A hostage situation gets out of hand and law enforcement wants to get up close to the suspect without risking the lives of the hostages or officers.

In both scenarios, government and law enforcement organizations are looking at artificial intelligence or AI as means to solve critical issues.

Welcome WPA3 – WiFi Gets an Upgrade

It’s been nearly 14 years since WiFi (or WPA2) as we know it got a security upgrade.  But now the WiFi Alliance, a standards organization that includes Broadcom, Intel, Microsoft and others, is recommending a badly-needed make-over that will be dubbed WPA3, according to reports.  The new upgrades to WiFi were announced at CES (Consumer Electronics Show) the week of January 7, 2018.

Losing Net Neutrality and How the New Ruling Could Affect Schools

On December 14, 2017, the FCC voted to repeal net neutrality rules in a 3-2 vote along party lines and signaling a victory for telecommunications companies, according to the Los Angeles Times.  Now lawmakers are fighting back and in mid-January, CNET reported that Democrats announced all 49 of their senators, and one Republican, Susan Collins of Maine, will vote on a bill that uses the Congressional Review Act to reinstate the regulation.