Taking advantage of technology and digitization involves more than business strategy. It requires strong data governance principles which, among other things, must align the functional demands of an organization’s cybersecurity, privacy and information management teams.
Ninety-four percent of large businesses in the U.S. have a cybersecurity policy, according to the 2017 Cybersecurity Survey by Clutch, and most of them have had a policy for more than three years. U.S. enterprises are more likely to have a cybersecurity policy than most global organizations (two-thirds of which lack a formal cybersecurity policy), and policies most commonly include required security software, backups, scam detection and security incident reporting protocols.
Richard Smith, CEO and Chairman of Equifax, retired suddenly Tuesday following the credit-reporting service’s data breach affecting the personal information of 143 million people.
Since the late ‘90s in Canada, bank robberies have been on a decline; between 1998 and 2008, such incidents decreased by 38 percent, according to a report by Statistics Canada.
It’s not working, but it can. Despite government and private sector efforts to retain more women in the global cybersecurity profession, women are sorely underrepresented in the industry.
Something potentially groundbreaking is happening in New York, and its impact is being felt globally. Still, if you’re not in the financial services industry, and specifically regulated by the New York State Department of Financial Services (NYDFS), you may have missed it. What is this change? In short, it’s the first of what may become a wave of stringent state cybersecurity regulations that impose “minimum standards” on industry.
Firms supplying essential services, e.g. for energy, transport, banking and health, or digital ones, such as search engines and cloud services, will have to improve their ability to withstand cyberattacks under the first EU-wide rules on cybersecurity.
Only about half of all countries have a cybersecurity strategy or are in the process of developing one, the International Telecommunication Union reported in its second Global Cybersecurity Index.
China is to use quantum cryptography to create an “unhackable” communications network. Using the network, some 200 users from the military, government, finance and electricity sectors will be able to send messages without the concern that others may be able to read them.
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