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MY TAKE: The way forward, despite overwhelming cyber threats

By Byron V. Acohido

NEW YORK CITY – Cyber Connect 2017 cybersecurity summit that just wrapped up at the beautiful Grand Hyatt located adjacent to Grand Central Station here in the Big Apple. I got the chance to be on the other side of the interview, sitting down with John Furrier and David Vellante, co-hosts of The Cube. We did it live; here’s the recorded stream.

VIDEO: Tempered Networks introduces ‘identity-based networking’

By Byron V. Acohido

Tempered Networks got its start by taking a unique approach toward locking down the industrial control systems (ICS) used at the Boeing Co.’s airplane manufacturing plants.

The problem Boeing was trying to solve at the time turns out to be much the same as the puzzle organizations of all types face today: How do you ingrain security into complex hybrid networks without completely throwing out legacy systems.

Striking that balance in the age of cloud computing and the Internet of Everything is crucial to empowering employees to securely and productively leverage modern IT systems. “Security is great, but business has to run,” says Marc Kaplan, vice president of security architecture and services at Seattle-based Tempered Networks.

ICS technologies predate the internet. So those …more

VIDEO: How phishers are coming after you — and what you should do about it

By Byron V. Acohido

The current cybersecurity climate makes it hard not to be cautious of phishing attacks. Forget reclaiming lost family fortunes or assisting Nigerian princes, today’s phishing scams are targeted, complex and incredibly prevalent.

It feels like a new, high-profile phishing attack is getting reported every other month. In May, Google Docs users were being targeted with malicious invitations to edit fictional documents. Before that, DocuSign users were sent bogus emails encouraging them to download a Microsoft Word document that installed malicious malware.

Related infographics: Phishers focus on smaller financial institutions

Despite increased awareness for these attacks and “I’d never fall for that” attitudes, Verizon’s 2017 Data Breach Investigations Report showed that 1 in 14 users fell for a phishing …more

VIDEO: Why the NIST framework is so fundamental to network security

By Byron V. Acohido

Put aside the cyber threats, which continue to worsen. All any company decision-maker needs to do is pay heed to the intensifying regulatory environment to understand that network security has become a mission-critical operational issue.

Consider that the Colorado Division of Securities is implementing 90 pages of new rules to clarify what financial “broker-dealers” and investment advisers must do in order to protect information stored electronically.

That’s on top of the New York State Department of Financial Services enforcing new cybersecurity rules for financial services firms that wish to do business in the Empire State. And, of course, Europe is rolling out new privacy rules known as the General Data Protection Regulation, which will affect more than 4,000 U.S. …more

VIDEO: Why the rising use of biometric authentication is driving states to regulate privacy

By Byron V. Acohido

Using biometrics to verify one’s identity is no longer something you’d expect to see only in a Hollywood depiction of a dystopian future. Biometric identification has been in practical use for a while now, and the technology is getting more sophisticated every day.

As you might expect, privacy concerns have arisen along the way. And now the legal ramifications are getting more complicated.

Washington state last month passed House Bill 1493: pioneering legislation forbidding businesses from obtaining or selling biometric information without the consent of the individual. Gov. Jay Inslee is expected any day to sign the new law, which is directed at concerns about the use of biometric identifiers to commit identity fraud.

I recently sat …more

VIDEO: How CIA cyberweapons are increasingly being used to hack banks, credit unions

By Byron V. Acohido

When WikiLeaks released details about the CIA’s arsenal of hacking tools last month, it was like Christmas arrived early for hackers who specialize in cracking into the business networks of financial services companies.

Mandiant, the forensics division of malware detection vendor FireEye, affirmed as much in its M-Trends 2017 report, issued shortly thereafter. The Mandiant report disclosed how cyber criminals have quickly embraced CIA-type tools to juice up their banking system attacks.

I spoke to Bob Thibodeaux, chief information security officer, at Seattle-based DefenseStorm, about this. DefenseStorm provides a security service for community banks and credit unions that monitors network traffic—specifically event log data—for …more

Video: privacy regulations stiffen in Canada, Europe

By Byron V. Acohido

As a partner at the Canadian law firm Borden Ladner Gervais, Éloïse Gratton advises her clients on legal, practical and ethical ways to protect an individual’s privacy while conducting business nationally and internationally. She has testified before Canada’s House of Commons and other federal bodies and conducted training workshops attended by judges and members of the Parliament.

LastWatchdog sat down with Gratton just after she appeared on a privacy panel at CyberScout’s Privacy XChange Forum. Here’s the gist of that conversation. The text has been edited for clarity and length.

LastWatchdog: Europe and Canada are oriented toward preserving privacy for the individual; in America, not so much. Can you frame how that plays out in global commerce?

Gratton: I would …more