Utilities Must Prepare for Cyber Threat Increase
Digital OT makes an attractive target for a host of actors whose objectives range from financial gain to sheer disruption – and today, a cyber arms-race is the new normal for utilities and their suppliers. As digital technologies spread through and add value to energy infrastructure, attacks will continue to escalate in frequency and sophistication.
Remote Work Creates Need for More Security Audits
“As business requirements shift and flex in the current environment, security use cases will require reevaluation. First, we need to account for any new data sources and new ways of working. Second, think about the protection of new key business enablers (such as remote working platforms or VPNs).”
via Gartner
How to Secure Smart Cities from Cyber Threats
“The cyber-risk to smart cities is compounded as a result of the dramatic proliferation of so-called “endpoints” at the edge of municipal networks and as gateways to the cloud. These are not just more notebook computers, tablets and smartphones but novel forms of sensor-based, “intelligent” systems and devices.”
Greatest IT Security Challenge for Enterprise CISOs
Chief information security officers (CISO) must balance two priorities to respond to the COVID-19 pandemic: protecting against new cyberthreats and maintaining business continuity. Four strategic principles can help.
via McKinsey
Rising Demand for Cybersecurity Risk Assessments
The World Economic Forum along with leaders and cybersecurity experts in the investment industry have developed a due care standard to guide investor responsibility in terms of cybersecurity.
Taxpayers Oppose U.S. Cities Paying Hackers Ransom
Nearly 80% of U.S. citizens surveyed are worried about ransomware attacks on cities – yet more than half are still hesitant to have city governments pay hackers or implement cybersecurity defenses to help protect against further attacks.
via IBM
Why Managed Security Services Gain New Momentum
According to ESG research, 51% of large firms are already using some type of managed threat detection and response service (MDR) today, while another 42% will do so in the next 12 to 18 months or are interested in doing so.
via ESG
How Quantum Computing will Impact Data Protection
“The race to quantum-safe security is on, but businesses cannot afford to watch from the sidelines. Those that rely on the secure transmission of data, particularly those in the financial sector, should monitor the situation closely and start developing a plan.”
Financial Impact of Each Data Breach is $3.92 Million
The cost of a data breach has risen 12% over the past 5 years and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks.
via IBM
The $45 Billion Global Impact from Cyber Threats
“OTA estimates that there were more than 2 million cyber incidents in 2018, and it is likely that even this number significantly underestimates the actual problem. OTA estimates an overall financial impact of at least $45 billion worldwide.”
via Internet Society
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