JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank will probably double its $250 million annual computer-security budget within the next five years.
Companies have encouraged their workforces to be effective regardless of their location or the time of day, making wireless Internet connectivity the latest lifeblood of workforce productivity. These gains have been accomplished primarily by embracing Wi-Fi, which is not without added risk. Cyber spies and criminals have successfully targeted wireless networks for years, which in turn, requires increased vigilance both when deploying Wi-Fi networks and when training our employees to safely use Wi-Fi.
While cyber insurance adoption is on the rise, only 26 percent of companies have policies today, according to a study on data breach preparedness from Experian and the Ponemon Institute.
As your enterprise virtualizes and leverages cyber technology to speed productivity, the incidence of cybercrime will, of course, increase. Similarly, as your employees’ behavior, as consumers, drives the technology they use (BYOD), the cybercrime cat will continue to be let out of the bag.
General Motors Co. named GM manager Jeff Massimilla to serve as its first cybersecurity chief as the automaker and its rivals come under increasing pressure to secure their vehicles against hackers.
Home Depot said that 56 million debit and credit cards are estimated to have been breached in a data theft between April and September at its stores in the U.S. and Canada.
In coming months, Tesla will hire up to 30 full-time hackers whose job will be to find and close vulnerabilities in the sophisticated firmware that controls its cars.
