The document discusses e-business and online security, defining key terms and reviewing literature on the topics. It finds that lack of trust and concerns over privacy and security are major barriers to e-commerce adoption. Recent cyber attacks targeting governments and corporations demonstrate the strategic importance of online security. Effective security requires a multi-layered approach and cooperation across technical, legal and social dimensions.
Online security – an assessment of the newsunnyjoshi88
The document discusses e-business and online security. It defines key terms and reviews literature finding that lack of trust and privacy concerns are major barriers to e-commerce. The literature review finds that online security risks come from state-sponsored cyber warfare, criminal hacking, identity theft and more. It concludes that current security levels are inadequate given growing threats and calls for more strategic priority and action on online security issues.
Online security – an assessment of the newsunnyjoshi88
This document discusses online security risks and recommendations. It begins with definitions of online security, information security, information warfare, and internet security risk. It then reviews literature finding increasing dependence on the internet, expansion of criminal activity online like identity theft, and growing demand for cybersecurity specialists. Specific examples of data breaches at major organizations are provided. The document recommends a multi-layered approach to online security including collaboration between governments, businesses, and individuals. It also recommends businesses reconsider security strategies with trends like cloud computing and social media increasing risk.
Cybersecurity Business Risk, Literature ReviewEnow Eyong
Cybersecurity poses a significant business risk to social media corporations. These companies generate revenue through targeted advertising based on analyzing user information and engagement. However, cybersecurity threats could diminish the customer experience and engagement, reducing companies' ability to generate revenue. Social media sites must implement best practices from fields like the military to strengthen cyber defense, including developing reliable information systems, collecting intelligence on cyber criminals, and understanding potential cyber attack threats. Failure to address cybersecurity risks could jeopardize the success and sustainability of social media businesses.
Cyber security: challenges for society- literature reviewIOSR Journals
This document summarizes challenges related to cyber security for society based on a literature review. It discusses how cyber security plays an important role in technology development and internet services. Key challenges include a lack of coordination between security agencies and critical IT infrastructure, as well as widespread computer illiteracy in some countries like India that has led to increased cybercrime. The document also reviews common approaches to IT security risk analysis and discusses threats to cyber security such as cyber attacks aimed at damaging systems and cyber exploitation for unlawful purposes.
Presentation by Larry Clinton, President of the Internet Security Alliance (ISA) to the 66th Annual Fowler Seminar on Oct 12 2012 titled Evolution of the Cyber Threat - A Unified Systems Approach.
Combating Cybersecurity Challenges with Advanced AnalyticsCognizant
Using an AI-powered analytics platform, IT organizations can shift from a reactive approach to security breaches, to proactively identifying increasingly sophisticated threat vectors and quickly resolving exploitable vulnerabilities.
Institutional Cybersecurity from Military PerspectiveGovernment
1. The document discusses institutional cybersecurity from a military perspective, analyzing challenges, organizational structure, the military decision-making process (MDMP), and cybersecurity workforce.
2. It outlines key dilemmas institutions face regarding cybersecurity, such as security vs privacy and technical vs administrative approaches.
3. Military organizations are especially vulnerable due to their use of advanced technologies and need to ensure robust cybersecurity policies and preparedness for threats like malware and cyber espionage.
This document summarizes cyber risks and data breaches. It discusses the growing threat of cyber crime and costs of data breaches. Mandatory breach disclosure laws have significantly increased costs for US companies, with the average data breach costing $7.2 million compared to $1.9 million in the UK without such laws. Examples of large breaches include Sony, which suffered a breach of 77 million user records costing an estimated $171 million. The document examines risks like hacking, theft, and human error, as well as emerging issues around cloud computing and mobile devices.
Online security – an assessment of the newsunnyjoshi88
The document discusses e-business and online security. It defines key terms and reviews literature finding that lack of trust and privacy concerns are major barriers to e-commerce. The literature review finds that online security risks come from state-sponsored cyber warfare, criminal hacking, identity theft and more. It concludes that current security levels are inadequate given growing threats and calls for more strategic priority and action on online security issues.
Online security – an assessment of the newsunnyjoshi88
This document discusses online security risks and recommendations. It begins with definitions of online security, information security, information warfare, and internet security risk. It then reviews literature finding increasing dependence on the internet, expansion of criminal activity online like identity theft, and growing demand for cybersecurity specialists. Specific examples of data breaches at major organizations are provided. The document recommends a multi-layered approach to online security including collaboration between governments, businesses, and individuals. It also recommends businesses reconsider security strategies with trends like cloud computing and social media increasing risk.
Cybersecurity Business Risk, Literature ReviewEnow Eyong
Cybersecurity poses a significant business risk to social media corporations. These companies generate revenue through targeted advertising based on analyzing user information and engagement. However, cybersecurity threats could diminish the customer experience and engagement, reducing companies' ability to generate revenue. Social media sites must implement best practices from fields like the military to strengthen cyber defense, including developing reliable information systems, collecting intelligence on cyber criminals, and understanding potential cyber attack threats. Failure to address cybersecurity risks could jeopardize the success and sustainability of social media businesses.
Cyber security: challenges for society- literature reviewIOSR Journals
This document summarizes challenges related to cyber security for society based on a literature review. It discusses how cyber security plays an important role in technology development and internet services. Key challenges include a lack of coordination between security agencies and critical IT infrastructure, as well as widespread computer illiteracy in some countries like India that has led to increased cybercrime. The document also reviews common approaches to IT security risk analysis and discusses threats to cyber security such as cyber attacks aimed at damaging systems and cyber exploitation for unlawful purposes.
Presentation by Larry Clinton, President of the Internet Security Alliance (ISA) to the 66th Annual Fowler Seminar on Oct 12 2012 titled Evolution of the Cyber Threat - A Unified Systems Approach.
Combating Cybersecurity Challenges with Advanced AnalyticsCognizant
Using an AI-powered analytics platform, IT organizations can shift from a reactive approach to security breaches, to proactively identifying increasingly sophisticated threat vectors and quickly resolving exploitable vulnerabilities.
Institutional Cybersecurity from Military PerspectiveGovernment
1. The document discusses institutional cybersecurity from a military perspective, analyzing challenges, organizational structure, the military decision-making process (MDMP), and cybersecurity workforce.
2. It outlines key dilemmas institutions face regarding cybersecurity, such as security vs privacy and technical vs administrative approaches.
3. Military organizations are especially vulnerable due to their use of advanced technologies and need to ensure robust cybersecurity policies and preparedness for threats like malware and cyber espionage.
This document summarizes cyber risks and data breaches. It discusses the growing threat of cyber crime and costs of data breaches. Mandatory breach disclosure laws have significantly increased costs for US companies, with the average data breach costing $7.2 million compared to $1.9 million in the UK without such laws. Examples of large breaches include Sony, which suffered a breach of 77 million user records costing an estimated $171 million. The document examines risks like hacking, theft, and human error, as well as emerging issues around cloud computing and mobile devices.
FDseminar IT Risk - Yuri Bobbert - Antwerp Management School FDMagazine
This document provides an overview of Maturing Business Information Security (MBIS) from Yuri Bobbert, a visiting researcher and lecturer on IT risks and cybersecurity. It discusses the context of increasing IT risks from factors like the internet of things, cloud computing, and corporate espionage. It defines the difference between information security and cyber security. It also outlines Bobbert's research on information security governance, management, and operations. Finally, it discusses the role of the Chief Information Security Officer (CISO) in enabling value for organizations through information security.
Best Practices to Protect Cardholder Data Environment and Achieve PCI ComplianceRapid7
Cyber-attacks designed for financial gain are on the rise, targeting proprietary information including customer and financial information. With over 127 million records exposed in 2007 in the US alone, attacks are becoming increasingly more sophisticated. Learn more about best practices to protect the cardholder data environment and achieve PCI compliance.
According to Analysts, the Higher Education sector is the most breached of any industry. This white paper outlines key reasons why universities are more affected by security issues and how they can better prepare themselves to address IT security and vulnerability management challenges.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Rapid7 Report: Data Breaches in the Government SectorRapid7
Rapid7, the leading provider of security risk intelligence solutions, analyzed data collected and categorized by the Privacy Rights Clearinghouse Chronology of Data Breaches. Using this data, the company outlined patterns for government data breaches, including year, month, location and breach type patterns. This information and tips for protecting infrastructure can ensure that government IT environments stay protected against malicious attacks and unintended disclosure.
Contemporary Cyber Security Social Engineering Solutions, Measures, Policies,...CSCJournals
This document summarizes a research paper that conducted a critical review of contemporary social engineering solutions, measures, policies, tools, and applications. Through a systematic review of recent studies, the analysis identified that providing training for employees to understand social engineering risks and how to avoid attacks is important for protection. Key measures identified include awareness programs, training non-technical staff, implementing new security networks and protocols, and using software to address social engineering threats. The review examined 30 studies on measures, policies and tools adopted by organizations and found that education, training, and awareness programs are effective at enhancing employee behavior and defenses against social engineering.
This document discusses the emerging risks of data security and cyber liability. It notes that virtually every business handles sensitive data and can face risks from data breaches or cyber attacks. The costs of a small data breach involving 1,000 records is estimated at $210,000 on average. It also notes that 40% of small businesses with less than 500 employees have experienced a data breach. Data security and cyber liability risks can result in both first-party losses for a company as well as third-party liabilities.
American Bar Association guidelines on Cyber Security standardsDavid Sweigert
The document is a resolution from the American Bar Association that encourages organizations to develop and maintain cybersecurity programs to protect their data and systems from threats. It recommends that organizations conduct risk assessments, implement security controls based on the risks identified, develop response plans for cyber attacks, and engage in information sharing about cyber threats. The resolution aims to address the growing cybersecurity threats facing both private and public sector organizations and the nation's critical infrastructure systems.
Growing incidents of cyber hacking and security breaches of information systems (e.g., Sony, Target, JPMorgan Chase, Home Depot, Cathay Pacific Airlines) threaten the sustainability of many firms and costs the U.S. economy more than $100 billion annually. Business organizations should take these threats seriously and improve their Information Technology (IT) governance and compliance, and cybersecurity risk assessment and controls to effectively prevent cyber hacking and cybersecurity breaches. The existence and persistence of cyber-attacks has elevated expectations for boards of directors to exert greater risk and compliance oversight and for executives to develop and implement managerial strategies for risk management processes to combat cyber-attacks. This paper examines the importance and relevance of IT governance measures including the board oversight function and managerial risk assessment strategies in preventing cyber-attacks. This paper provides policy, practical and research implications.
As we enter the digital economy, companies will quickly realize that the differentiator in the digital economy is information and information being a valuable resource is subject to theft, hacking, phishing and a host of other issues which compromise a company’s ability to participate in the digital economy. Cybersecurity misfires compromise the trust of buyers and partners necessary to participate in the digital economy. It is up to every company to ensure that the information shared with them is protected to the best of their ability and proactively notify persons and organizations who entrust their information necessary to transact business (any personal identity information including but not limited to addresses, credit card information, social security numbers, account information, credit information, medical records, etc.) with any potential compromises which can yield harm to them by that information either being used maliciously or shared with others.
This purpose of this writing is to cover some of the core requirements for implementing cybersecurity, the accountabilities for cybersecurity risks and the information used to manage a viable cybersecurity program.
Preparing today for tomorrow’s threats.
When companies hear the word “security,” what concepts come to mind
— safety, protection or perhaps comfort? To the average IT administrator,
security conjures up images of locked-down networks and virus-free devices.
An attacker, state-sponsored agent or hactivist, meanwhile, may view security
as a way to demonstrate expertise by infiltrating and bringing down corporate
or government networks for profit, military goals, political gain — or even fun.
We live in a world in which cybercrime is on the rise. A quick scan of the
timeline of major incidents (See Figure 1, Page 9) shows the increasing
frequency and severity of security breaches — a pattern that is likely
to continue for years to come. Few if any organizations are safe from
cybercriminals, to say nothing of national security. In fact, experts even
exposed authentication and encryption vulnerabilities in the U.S. Federal
Aviation Administration’s new state-of-the-art multibillion-dollar air
traffic control system
Omlis Data Breaches Report - An Inside Perspective Omlis
The rise in digital and mobile financial services has introduced an onset of increased data breaches over the last few years. The digital revolution has undermined the traditional framework used to regulate financial institutions, which has led to areas of vulnerability within their security systems.
In the report, Data Breaches: An Inside Perspective, Omlis conducted in-depth interviews with experienced cyber security professionals to understand why TFIs (traditional financial institutions) aren't adequately addressing security weaknesses.
In our research, the discussions centered on the types of security systems employed by TFIs, personal and industry-wide attitudes to security, and the types of security measures used to prevent breaches.
The findings indicate that TFIs current preference towards technology creates an increasingly complex system with associated vulnerabilities and ultimately it requires greater manual input for maintenance and updates.
There are also issues related to the attitudes of employees and difficulties implementing comprehensive and in-depth incident strategies.
Taking this into account, the report suggests a new direction for TFI's security systems to provide secure, innovative solutions.
WCIT 2014 Matt Stamper - Information Assurance in a Global ContextWCIT 2014
This document provides an overview of a presentation on information assurance in a global context. It discusses why information assurance matters given increasing dependencies on accurate data. It also covers definitions of security, privacy and information assurance. Additionally, it outlines regulatory requirements, frameworks, technologies like IoT and cloud computing, and lessons from cross-border regions. The presentation agenda is included which covers these topics over several pages in more depth.
The document discusses cyber security threats facing the financial services industry based on data collected by IBM between 2012-2013. It finds that:
1) Financial services firms experience a high rate of cyber attacks and security incidents, with an average of over 111 million security events and 87 incidents annually requiring action.
2) The most common incidents are malicious code (42% of incidents) and sustained probes/scans (28%). Over half of attacks are carried out by a combination of insiders and outsiders.
3) Most attacks (49%) are opportunistic in nature. Preventable factors like misconfigured systems or end-user errors are the primary reasons for security breaches across industries.
Protecting Patient Health Information in the HITECH EraRapid7
The document discusses how the HITECH Act strengthened enforcement of HIPAA regulations regarding the privacy and security of patient health information. It established much higher penalties for non-compliance in an effort to incentivize healthcare providers to improve practices for protecting electronic personal health records. The HITECH Act also expanded the scope of HIPAA to cover business associates of healthcare organizations and allow state attorneys general to pursue legal action on behalf of individuals affected by privacy or security violations. Overall, the legislation aims to increase adoption of health information technology while maintaining patient trust through more rigorous auditing and enforcement of standards for securing electronic patient data.
The document is a report from IBM analyzing cyber attack data from 2014. Some key findings include:
- Unauthorized access incidents nearly doubled from 2013 and accounted for 37% of all incidents in 2014, likely due to vulnerabilities like Shellshock and Heartbleed.
- Over 62% of incidents targeted just three industries: finance/insurance, information/communications, and retail.
- More than half of all attacks came from internal sources like employees or contractors, though most internal breaches were unintentional.
- The US was both the most attacked country and the origin of over half of all attacks due to its large size and internet infrastructure.
This document discusses cyber security threats and the role of internal audit in addressing them. It begins by outlining the current cyber security landscape, noting that threats are becoming more sophisticated and can have serious economic and national security consequences. It then discusses the role of internal audit in identifying key risks, understanding controls, evaluating fraud risks and controls, and promoting continuous improvement. The document provides examples of Boise Inc.'s internal audit approach, which includes maintaining strong IT audit staffing, collaborating across departments, monitoring the threat landscape, and leveraging digital forensic skills to investigate incidents.
This Frost & Sullivan analyst report reveals how the legal and threat environment, combined with BYOD and cost factors, make multi-factor, risk-based authentication the logical approach to solving the security challenges posed by threat actors.
The document provides an overview of cyber risks and proposes a governance framework to manage those risks. It defines key concepts like cyber, security, threats and governance. It then presents a meta-model and framework with four core concepts: risks, response, reputation and resources that revolve around an organization's cyber ecosystem. The framework is intended to provide high-level guidance for executives on continuously governing cyber risks through a strategic approach.
The document discusses e-business and online security. It defines key terms and reviews literature finding that lack of trust and privacy concerns are major barriers to e-commerce. The literature review finds that online security risks come from state-sponsored cyber warfare, criminal hacking, identity theft and more. It concludes that current security levels are inadequate given growing threats and calls for more strategic priority and action on online security issues.
Secura Security Services provides advanced security services throughout India to address clients' security concerns. Led by CEO Shyam Singh, Secura offers a wide range of security options including guards, bodyguards, cyber security experts, and security equipment. Secura differentiates itself by providing three layers of security expertise: external, internal, and system security. It trains and licenses security professionals to implement advanced security technologies and legal frameworks. Secura has provided security solutions to many schools, companies, hospitals, malls, and government organizations.
FDseminar IT Risk - Yuri Bobbert - Antwerp Management School FDMagazine
This document provides an overview of Maturing Business Information Security (MBIS) from Yuri Bobbert, a visiting researcher and lecturer on IT risks and cybersecurity. It discusses the context of increasing IT risks from factors like the internet of things, cloud computing, and corporate espionage. It defines the difference between information security and cyber security. It also outlines Bobbert's research on information security governance, management, and operations. Finally, it discusses the role of the Chief Information Security Officer (CISO) in enabling value for organizations through information security.
Best Practices to Protect Cardholder Data Environment and Achieve PCI ComplianceRapid7
Cyber-attacks designed for financial gain are on the rise, targeting proprietary information including customer and financial information. With over 127 million records exposed in 2007 in the US alone, attacks are becoming increasingly more sophisticated. Learn more about best practices to protect the cardholder data environment and achieve PCI compliance.
According to Analysts, the Higher Education sector is the most breached of any industry. This white paper outlines key reasons why universities are more affected by security issues and how they can better prepare themselves to address IT security and vulnerability management challenges.
Cyberspace is rapidly transforming our lives – how we live, interact, govern and create value. With the JAM (Jan Dhan, Aadhaar and Mobile) trinity, India is at the forefront of global digital transformation. “Digital India” is being hailed as the world's largest technology led programme of its kind.
While internet, smartphones and modern information and
communication devices have been great force multipliers, endless connectivity and proliferation of IoT devices is giving rise to vulnerabilities, risks and concerns. Cyber security is today ranked among top threats by governments and corporates. Heightened concerns about data security and privacy have resulted in a spate of regulations in India and across the world. India is in the process of discussing and enacting its own comprehensive data security and privacy regulation, as well as vertical specific ones. Cyber security is an ecosystem where laws, organisations, skills, cooperation and
technical implementation would need to be in harmony to be
effective.
Overall, a robust regulatory framework based on global and
country-specific regulations, development of a holistic cyber
security eco-system (academia and industry as well as
entrepreneurial) and a coordinated global approach through
proactive cyber diplomacy would help to secure cyber space and promote confidence and trust of key stakeholders including
citizens, businesses, political and security leaders.
CII has been actively working in the cyber security space. The CII Task Force on Public Private Partnership for Security of the Cyber Space has been set up to bring about improvements in the legal framework to strengthen and maintain a safe cyberspace ecosystem by capacity building through education and training programmes. We would facilitate collaboration and cooperation between Government and Industry in the area of cyber security in general and protection of critical information infrastructure in particular, covering cyber threats, vulnerabilities, breaches, potential protective measures, and adoption of best practices.
Rapid7 Report: Data Breaches in the Government SectorRapid7
Rapid7, the leading provider of security risk intelligence solutions, analyzed data collected and categorized by the Privacy Rights Clearinghouse Chronology of Data Breaches. Using this data, the company outlined patterns for government data breaches, including year, month, location and breach type patterns. This information and tips for protecting infrastructure can ensure that government IT environments stay protected against malicious attacks and unintended disclosure.
Contemporary Cyber Security Social Engineering Solutions, Measures, Policies,...CSCJournals
This document summarizes a research paper that conducted a critical review of contemporary social engineering solutions, measures, policies, tools, and applications. Through a systematic review of recent studies, the analysis identified that providing training for employees to understand social engineering risks and how to avoid attacks is important for protection. Key measures identified include awareness programs, training non-technical staff, implementing new security networks and protocols, and using software to address social engineering threats. The review examined 30 studies on measures, policies and tools adopted by organizations and found that education, training, and awareness programs are effective at enhancing employee behavior and defenses against social engineering.
This document discusses the emerging risks of data security and cyber liability. It notes that virtually every business handles sensitive data and can face risks from data breaches or cyber attacks. The costs of a small data breach involving 1,000 records is estimated at $210,000 on average. It also notes that 40% of small businesses with less than 500 employees have experienced a data breach. Data security and cyber liability risks can result in both first-party losses for a company as well as third-party liabilities.
American Bar Association guidelines on Cyber Security standardsDavid Sweigert
The document is a resolution from the American Bar Association that encourages organizations to develop and maintain cybersecurity programs to protect their data and systems from threats. It recommends that organizations conduct risk assessments, implement security controls based on the risks identified, develop response plans for cyber attacks, and engage in information sharing about cyber threats. The resolution aims to address the growing cybersecurity threats facing both private and public sector organizations and the nation's critical infrastructure systems.
Growing incidents of cyber hacking and security breaches of information systems (e.g., Sony, Target, JPMorgan Chase, Home Depot, Cathay Pacific Airlines) threaten the sustainability of many firms and costs the U.S. economy more than $100 billion annually. Business organizations should take these threats seriously and improve their Information Technology (IT) governance and compliance, and cybersecurity risk assessment and controls to effectively prevent cyber hacking and cybersecurity breaches. The existence and persistence of cyber-attacks has elevated expectations for boards of directors to exert greater risk and compliance oversight and for executives to develop and implement managerial strategies for risk management processes to combat cyber-attacks. This paper examines the importance and relevance of IT governance measures including the board oversight function and managerial risk assessment strategies in preventing cyber-attacks. This paper provides policy, practical and research implications.
As we enter the digital economy, companies will quickly realize that the differentiator in the digital economy is information and information being a valuable resource is subject to theft, hacking, phishing and a host of other issues which compromise a company’s ability to participate in the digital economy. Cybersecurity misfires compromise the trust of buyers and partners necessary to participate in the digital economy. It is up to every company to ensure that the information shared with them is protected to the best of their ability and proactively notify persons and organizations who entrust their information necessary to transact business (any personal identity information including but not limited to addresses, credit card information, social security numbers, account information, credit information, medical records, etc.) with any potential compromises which can yield harm to them by that information either being used maliciously or shared with others.
This purpose of this writing is to cover some of the core requirements for implementing cybersecurity, the accountabilities for cybersecurity risks and the information used to manage a viable cybersecurity program.
Preparing today for tomorrow’s threats.
When companies hear the word “security,” what concepts come to mind
— safety, protection or perhaps comfort? To the average IT administrator,
security conjures up images of locked-down networks and virus-free devices.
An attacker, state-sponsored agent or hactivist, meanwhile, may view security
as a way to demonstrate expertise by infiltrating and bringing down corporate
or government networks for profit, military goals, political gain — or even fun.
We live in a world in which cybercrime is on the rise. A quick scan of the
timeline of major incidents (See Figure 1, Page 9) shows the increasing
frequency and severity of security breaches — a pattern that is likely
to continue for years to come. Few if any organizations are safe from
cybercriminals, to say nothing of national security. In fact, experts even
exposed authentication and encryption vulnerabilities in the U.S. Federal
Aviation Administration’s new state-of-the-art multibillion-dollar air
traffic control system
Omlis Data Breaches Report - An Inside Perspective Omlis
The rise in digital and mobile financial services has introduced an onset of increased data breaches over the last few years. The digital revolution has undermined the traditional framework used to regulate financial institutions, which has led to areas of vulnerability within their security systems.
In the report, Data Breaches: An Inside Perspective, Omlis conducted in-depth interviews with experienced cyber security professionals to understand why TFIs (traditional financial institutions) aren't adequately addressing security weaknesses.
In our research, the discussions centered on the types of security systems employed by TFIs, personal and industry-wide attitudes to security, and the types of security measures used to prevent breaches.
The findings indicate that TFIs current preference towards technology creates an increasingly complex system with associated vulnerabilities and ultimately it requires greater manual input for maintenance and updates.
There are also issues related to the attitudes of employees and difficulties implementing comprehensive and in-depth incident strategies.
Taking this into account, the report suggests a new direction for TFI's security systems to provide secure, innovative solutions.
WCIT 2014 Matt Stamper - Information Assurance in a Global ContextWCIT 2014
This document provides an overview of a presentation on information assurance in a global context. It discusses why information assurance matters given increasing dependencies on accurate data. It also covers definitions of security, privacy and information assurance. Additionally, it outlines regulatory requirements, frameworks, technologies like IoT and cloud computing, and lessons from cross-border regions. The presentation agenda is included which covers these topics over several pages in more depth.
The document discusses cyber security threats facing the financial services industry based on data collected by IBM between 2012-2013. It finds that:
1) Financial services firms experience a high rate of cyber attacks and security incidents, with an average of over 111 million security events and 87 incidents annually requiring action.
2) The most common incidents are malicious code (42% of incidents) and sustained probes/scans (28%). Over half of attacks are carried out by a combination of insiders and outsiders.
3) Most attacks (49%) are opportunistic in nature. Preventable factors like misconfigured systems or end-user errors are the primary reasons for security breaches across industries.
Protecting Patient Health Information in the HITECH EraRapid7
The document discusses how the HITECH Act strengthened enforcement of HIPAA regulations regarding the privacy and security of patient health information. It established much higher penalties for non-compliance in an effort to incentivize healthcare providers to improve practices for protecting electronic personal health records. The HITECH Act also expanded the scope of HIPAA to cover business associates of healthcare organizations and allow state attorneys general to pursue legal action on behalf of individuals affected by privacy or security violations. Overall, the legislation aims to increase adoption of health information technology while maintaining patient trust through more rigorous auditing and enforcement of standards for securing electronic patient data.
The document is a report from IBM analyzing cyber attack data from 2014. Some key findings include:
- Unauthorized access incidents nearly doubled from 2013 and accounted for 37% of all incidents in 2014, likely due to vulnerabilities like Shellshock and Heartbleed.
- Over 62% of incidents targeted just three industries: finance/insurance, information/communications, and retail.
- More than half of all attacks came from internal sources like employees or contractors, though most internal breaches were unintentional.
- The US was both the most attacked country and the origin of over half of all attacks due to its large size and internet infrastructure.
This document discusses cyber security threats and the role of internal audit in addressing them. It begins by outlining the current cyber security landscape, noting that threats are becoming more sophisticated and can have serious economic and national security consequences. It then discusses the role of internal audit in identifying key risks, understanding controls, evaluating fraud risks and controls, and promoting continuous improvement. The document provides examples of Boise Inc.'s internal audit approach, which includes maintaining strong IT audit staffing, collaborating across departments, monitoring the threat landscape, and leveraging digital forensic skills to investigate incidents.
This Frost & Sullivan analyst report reveals how the legal and threat environment, combined with BYOD and cost factors, make multi-factor, risk-based authentication the logical approach to solving the security challenges posed by threat actors.
The document provides an overview of cyber risks and proposes a governance framework to manage those risks. It defines key concepts like cyber, security, threats and governance. It then presents a meta-model and framework with four core concepts: risks, response, reputation and resources that revolve around an organization's cyber ecosystem. The framework is intended to provide high-level guidance for executives on continuously governing cyber risks through a strategic approach.
The document discusses e-business and online security. It defines key terms and reviews literature finding that lack of trust and privacy concerns are major barriers to e-commerce. The literature review finds that online security risks come from state-sponsored cyber warfare, criminal hacking, identity theft and more. It concludes that current security levels are inadequate given growing threats and calls for more strategic priority and action on online security issues.
Secura Security Services provides advanced security services throughout India to address clients' security concerns. Led by CEO Shyam Singh, Secura offers a wide range of security options including guards, bodyguards, cyber security experts, and security equipment. Secura differentiates itself by providing three layers of security expertise: external, internal, and system security. It trains and licenses security professionals to implement advanced security technologies and legal frameworks. Secura has provided security solutions to many schools, companies, hospitals, malls, and government organizations.
How to Build a Dynamic Social Media PlanPost Planner
Stop guessing and wasting your time on networks and strategies that don’t work!
Join Rebekah Radice and Katie Lance to learn how to optimize your social networks, the best kept secrets for hot content, top time management tools, and much more!
Watch the replay here: bit.ly/socialmedia-plan
http://inarocket.com
Learn BEM fundamentals as fast as possible. What is BEM (Block, element, modifier), BEM syntax, how it works with a real example, etc.
Lightning Talk #9: How UX and Data Storytelling Can Shape Policy by Mika Aldabaux singapore
How can we take UX and Data Storytelling out of the tech context and use them to change the way government behaves?
Showcasing the truth is the highest goal of data storytelling. Because the design of a chart can affect the interpretation of data in a major way, one must wield visual tools with care and deliberation. Using quantitative facts to evoke an emotional response is best achieved with the combination of UX and data storytelling.
This document summarizes a study of CEO succession events among the largest 100 U.S. corporations between 2005-2015. The study analyzed executives who were passed over for the CEO role ("succession losers") and their subsequent careers. It found that 74% of passed over executives left their companies, with 30% eventually becoming CEOs elsewhere. However, companies led by succession losers saw average stock price declines of 13% over 3 years, compared to gains for companies whose CEO selections remained unchanged. The findings suggest that boards generally identify the most qualified CEO candidates, though differences between internal and external hires complicate comparisons.
The document discusses how personalization and dynamic content are becoming increasingly important on websites. It notes that 52% of marketers see content personalization as critical and 75% of consumers like it when brands personalize their content. However, personalization can create issues for search engine optimization as dynamic URLs and content are more difficult for search engines to index than static pages. The document provides tips for SEOs to help address these personalization and SEO challenges, such as using static URLs when possible and submitting accurate sitemaps.
OverseeCyberSecurityAsHackersSeekToInfiltrateKashif Ali
This document discusses cyber security threats and their impact. It provides an overview of some growing cyber risks and how they can threaten the development of the information society. It argues that increased cooperation and information sharing between cyber security groups is needed to effectively address these challenges. Senior executives and governments must play a leading role in overseeing cyber security and minimizing risks through effective IT governance and strategic alignment of security systems. Overall cyber threats are increasing and declining trust in internet users, so concerted efforts are needed from all stakeholders to promote a more secure information environment.
CYBER SECURITY ENHANCEMENT IN NIGERIA. A CASE STUDY OF SIX STATES IN THE NORT...AJHSSR Journal
ABSTRACT: Security plays an important role in human life and endeavors. Securing information and
disseminating are critical challenges in the present day. This study aimed at identifying innovative technologies
that aid cybercrimes and can constitute threats to cybersecurity in North Central (Middle Belt) Nigeria covering
its six States and the FCT Abuja. A survey research design was adopted. The researchers employed the use of
Google form in administering the structured questionnaire. The instruments were faced validated by one expert
each from ICT and security. Cronbach Alpha reliability Coefficient was employed and achieved 0.83 level of
coefficient. The population of the study was 200, comprising 100 undergraduate students from computer science
and Computer/Robotics Education, 80 ICT instructors, technologists and lecturers in the University and
Technical Colleges in the Middle Belt Nigeria using innovative technologies for their daily jobs and 20 officers
of the crime agency such as: Independent Corrupt Practices Commission (ICPC) andEconomic and Financial
Crimes Commission (EFCC). Three research purposes and questions as well as the hypothesis guided the study
on Five (5) point Likert scale. Data collected were analyzed using mean and standard deviation for the three
research questions while three hypotheses were tested using t-test at 0.05 level of significance. Major findings
revealed that serious steps are needed to better secure the cybers against cybercrimes. Motivation, types, threats
and strategies for the prevention of cybercrimes were identified. The study recommends that government,
organizations and individuals should place emphasis on moral development, regular training of its employees,
regular update of software, use strong password, back up data and information, produce strong cybersecurity
policy, install antivirus soft and security surveillance (CCTV) in offices in order to safeguard its employees and
properties from being hacked and vandalized.
KEYWORDS: Cybersecurity, cybercrime, cyberattack, cybercriminal, computer virus, Virtual Private Networks
(VPN).
ARTICLE IN PRESSContents lists available at ScienceDirect.docxfestockton
ARTICLE IN PRESS
Contents lists available at ScienceDirect
Telecommunications Policy
Telecommunications Policy 33 (2009) 706–719
0308-59
doi:10.1
� Cor
E-m
URL: www.elsevierbusinessandmanagement.com/locate/telpol
Cybersecurity: Stakeholder incentives, externalities,
and policy options
Johannes M. Bauer a,�, Michel J.G. van Eeten b
a Department of Telecommunication, Information Studies, and Media; Quello Center for Telecommunication Management and Law,
Michigan State University, East Lansing, Michigan, USA
b Faculty of Technology, Policy and Management, Delft University of Technology, Delft, The Netherlands
a r t i c l e i n f o
Keywords:
Cybersecurity
Cybercrime
Security incentives
Externalities
Information security policy
Regulation.
61/$ - see front matter & 2009 Elsevier Ltd. A
016/j.telpol.2009.09.001
responding author. Tel.: þ1 517 432 8003; fax:
ail addresses: [email protected] (J.M. Bauer), m
a b s t r a c t
Information security breaches are increasingly motivated by fraudulent and criminal
motives. Reducing their considerable costs has become a pressing issue. Although
cybersecurity has strong public good characteristics, most information security
decisions are made by individual stakeholders. Due to the interconnectedness of
cyberspace, these decentralized decisions are afflicted with externalities that can
result in sub-optimal security levels. Devising effective solutions to this problem is
complicated by the global nature of cyberspace, the interdependence of stakeholders, as
well as the diversity and heterogeneity of players. The paper develops a framework for
studying the co-evolution of the markets for cybercrime and cybersecurity. It examines
the incentives of stakeholders to provide for security and their implications for the ICT
ecosystem. The findings show that market and non-market relations in the information
infrastructure generate many security-enhancing incentives. However, pervasive
externalities remain that can only be corrected by voluntary or government-led
collective measures.
& 2009 Elsevier Ltd. All rights reserved.
1. Introduction
Malicious software (‘‘malware’’) has become a serious security threat for users of the Internet. Estimates of the total cost
to society of information security breaches vary but data published by private security firms, non-profit organizations, and
government, all indicate that their cost is non-negligible and increasing. From a societal point of view, not only the direct
cost (e.g., repair cost, losses due to fraud) but also indirect costs (e.g., costs of preventative measures) and implicit costs
(e.g., slower productivity increases due to reduced trust in electronic transactions) have to be attributed to information
security breaches. Bauer, Van Eeten, Chattopadhyay, and Wu (2008) in a meta-study of a broad range of research conclude
that a conservative estimate of these costs may fall between 0.2% and 0.4% of global GDP. A catastrophic security fail ...
This document discusses cybersecurity challenges related to information sharing between the public and private sectors. It outlines concerns private sectors have about sharing information, including losing control and proprietary information being disclosed through FOIA requests. The importance of information sharing is discussed to help early detection, resolution, and prevention of cyberattacks. The document also proposes tools like STIX, CybOX and TAXII to help the public and private sectors better share threat information and collaborate on cybersecurity issues.
1
2
Cyber Research Proposal
Cybersecurity in business
Introduction
Because of today's international economy, securing a company's intellectual property, financial information, and good name is critical for the company's long-term survival and growth. However, with the rise in risks and cyber vulnerability, most businesses find it difficult to keep up with the competition. Since their inception, most companies have reported 16% fraud, 37.7% financial losses, and an average of over 11% share value loss, according to data compiled by the US security. Most corporations and governments are working hard to keep their customers and residents safe from harm. There are both physical and cybersecurity risks involved with these threats. According to a recent study, many company owners aren't aware of the full scope of cybersecurity. People who own their businesses must deal with various issues daily.
Nevertheless, steps are being taken to address these issues. Customers and the company are likely to be protected by the measures adopted. Cybersecurity is one of the most pressing issues facing organizations today. Leaks of a company's intellectual property and other secrets may have devastating effects on its operations, as competitors and rivals will do all in their power to stop them. is an excellent illustration of this. This is perhaps the most talked-about security compromise of the year [footnoteRef:3]. The firm was severely damaged because of this. [1: "Database security attacks and control methods."] [2:q "Comprehending the IoT cyber threat landscape: A data dimensionality reduction technique to infer and characterize Internet-scale IoT probing campaigns."] [3: "The Equifax data breach: What cpas and firms need to know now." ]
Some individuals take advantage of clients by stealing highly important information to profit financially from their actions. For example, if the wrong individuals get their hands on your credit card information, you're in serious trouble since you might lose money. Some families lose all their resources, while others are forced to declare bankruptcy after being financially stable for a long period. Many of the findings of this study will be focused on cybersecurity and the sources of cybersecurity risks. The paper outlines a few of the issues and solutions that organizations may use to keep their operations and consumers safe from exploiting dishonest individuals.
Research question
According to the most recent study, more than 1500 companies have been exposed to some cybersecurity assault[footnoteRef:4]. This research details the specific types of attacks that have occurred. Organizational operations are affected, as is corporate governance, and the internal management of financial status is rendered ineffective due to these assaults. The question that will be investigated during the study is: [4: "Towards blockchain-based identity and access management for internet of things in enterprises."]
How doe ...
1
2
Cyber Research Proposal
Cybersecurity in business
Introduction
Because of today's international economy, securing a company's intellectual property, financial information, and good name is critical for the company's long-term survival and growth. However, with the rise in risks and cyber vulnerability, most businesses find it difficult to keep up with the competition. Since their inception, most companies have reported 16% fraud, 37.7% financial losses, and an average of over 11% share value loss, according to data compiled by the US security. Most corporations and governments are working hard to keep their customers and residents safe from harm. There are both physical and cybersecurity risks involved with these threats. According to a recent study, many company owners aren't aware of the full scope of cybersecurity. People who own their businesses must deal with various issues daily.
Nevertheless, steps are being taken to address these issues. Customers and the company are likely to be protected by the measures adopted. Cybersecurity is one of the most pressing issues facing organizations today. Leaks of a company's intellectual property and other secrets may have devastating effects on its operations, as competitors and rivals will do all in their power to stop them. is an excellent illustration of this. This is perhaps the most talked-about security compromise of the year [footnoteRef:3]. The firm was severely damaged because of this. [1: "Database security attacks and control methods."] [2:q "Comprehending the IoT cyber threat landscape: A data dimensionality reduction technique to infer and characterize Internet-scale IoT probing campaigns."] [3: "The Equifax data breach: What cpas and firms need to know now." ]
Some individuals take advantage of clients by stealing highly important information to profit financially from their actions. For example, if the wrong individuals get their hands on your credit card information, you're in serious trouble since you might lose money. Some families lose all their resources, while others are forced to declare bankruptcy after being financially stable for a long period. Many of the findings of this study will be focused on cybersecurity and the sources of cybersecurity risks. The paper outlines a few of the issues and solutions that organizations may use to keep their operations and consumers safe from exploiting dishonest individuals.
Research question
According to the most recent study, more than 1500 companies have been exposed to some cybersecurity assault[footnoteRef:4]. This research details the specific types of attacks that have occurred. Organizational operations are affected, as is corporate governance, and the internal management of financial status is rendered ineffective due to these assaults. The question that will be investigated during the study is: [4: "Towards blockchain-based identity and access management for internet of things in enterprises."]
How doe ...
Running Head: INFORMATION SECURITY VULNERABILITY 2
Information Security Vulnerability
Introduction
The most important part of any business or organization information is the security infrastructure. All information big or small, sensitive or insensitive must be protected by some degree of information security. "Navigating the multitude of existing security standards, including dedicated standards for information security and frameworks for controlling the implementation of IT, presents a challenge to organizations. Adding to the challenge is the increase in activities of terrorist groups and organized criminal syndicates” (Sipior & Ward, 2008).
Threats and Vulnerabilities
Threats and vulnerabilities are a common occurrence in regards to computer security. Computer networks that are flawed and weak are vulnerable to be exploited. The exploitation of computer networks can be done by terrorist, hackers, and an organizations or business on employee. "Inexperience, improper training, and the making of incorrect assumptions are just a few things that can cause these misadventures" (Whitman & Mattord, 2009, p. 42).
Problem Statement:
What is the protocol if an organization or business most critical information is leaked or hacked that can cause grave damage to an organization, business, or customers account information? What would be the financial situation to recover from such attack with the network? The following questions are a few questions that top management must have in information security policies.
It is most likely that any organization or business profits would decrease and the reputation of each would change. With that comes the legality responsibility of the organization or business. Owning up to a security breach within an organization or business can be detrimental to the overall health of finances throughout the organization or business as well as notifying all parties involved in the breach. Having coverage such as insurance to protect the organization or business is a must and also a great deal to protect the reputation, assets, and continue functioning overall. "Although every state breach notification law covers businesses, there are differences regarding coverage of other entities such as government agencies and third-party storage providers, as well as differences regarding the information each law defines as 'personal'" (Shaw, 2010).
Relevance and Significance:
There will always be some type of glitch with in a computer network that may deter the system from being fully secured unless the computer is not being used. Information security program goals is to deliver a level of security platforms that supports the organization or business security infrastructure at its best by meeting all requirements set forth through the policy and controls and keeping the bad guys out.
Key Concepts
Confidentiality, integrity, and availability are the largest threats of sensitive information. The need to know must be .
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The document discusses the main cybersecurity challenges faced in social computing. It identifies several key challenges: (1) big data breaches as more personal data is collected and stored; (2) the expansion of AI which could help detect cyberattacks but also poses risks; and (3) limited IT resources making it difficult for organizations to adequately monitor and secure expanding networks and devices. Additional challenges discussed include threats posed by the growing number of internet-connected devices and vulnerabilities in serverless applications. Real-world examples are provided to illustrate incidents and the potential damage from successful cyberattacks.
This white paper discusses cyber security predictions and trends for the next 18 months. It outlines 5 trends: 1) major mobile exploits due to increased mobility and devices, 2) open source vulnerabilities as adversaries target these, 3) supply chain attacks remaining critical as vendors are easier targets, 4) increased industry-specific attacks and malware, and 5) greater privacy legislation in response to public concerns about data collection. The paper recommends organizations assess their use of open source software, supply chain security policies, industry-specific defenses, and data privacy practices to address these evolving threats.
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This presentation delves into the development of a system designed to mimic Galileo's Open Service signal using software-defined radio (SDR) technology. We'll begin with a foundational overview of both Global Navigation Satellite Systems (GNSS) and the intricacies of digital signal processing.
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1. E-Business & Online Security: A Technical Concern Or A Strategic Priority Monroe Myers Sunny Joshi Global E-Business Marketing (200232) Online Seminar E-Business & Online Security: A Technical Concern Or A Strategic Priority
2. Definitions Literature Review & Findings Specific Topic Related Examples Discussion & Recommendations Video Futuristic Scenario Questions & Answers E-Business & Online Security: A Technical Concern Or A Strategic Priority Agenda
3.
4. Definitions Information warfare “ The actions intended to protect, exploit, corrupt, deny, or destroy information or information resources in order to achieve a significant advantage, objective, or victory over an adversary” (Alger, 1996). Internet Security Risk (ISR) “ The degree of uncertainty and mistrust aroused from thoughts about providing personal and financial information over the internet” (Lynn et al., 2011). E-Business & Online Security: A Technical Concern Or A Strategic Priority
5. Definitions Trust “ The willingness to rely on another based on expectations of ability, benevolence, and integrity” (Lee and Turban, 2001; Bhattacherjee, 2002). “ The willingness of a trustor to be vulnerable to actions of a trustee due to an expectation the trustor will behave responsibly” (Mayer et al., 1995). Privacy “ The degree to which the online shopping web site is safe and protects the customers’ information” (Chiu et al. , 2009). E-Business & Online Security: A Technical Concern Or A Strategic Priority
6. Literature Review & Findings In general, the need for trust is created in instances involving vulnerability and uncertainty (Bhattacherjee, 2002; Koufaris and Hampton-Sosa, 2004). Under online conditions, the need for trust is significantly enhanced. (Bart et al. , 2005; Grabner-Krauter and Kaluscha, 2008). Lack of consumer trust is considered a major factor in impeding e-commerce (Casalo´, Flavia´n and Guinalı´u, 2007). E-Business & Online Security: A Technical Concern Or A Strategic Priority
7. Literature Review & Findings As new technologies enhance the complexity of information and its capacity to be processed, privacy is increasingly becoming an important issue, therefore, consumer distrust about gathering and processing personal information is on the rise (Flavia´n and Guinalı´u, 2006). E-Business & Online Security: A Technical Concern Or A Strategic Priority
8. Literature Review & Findings Consumers do hesitate when shopping online whenever they feel that their financial information is likely to be compromised (Collier and Bienstock, 2006). Consumers’ perceptions of privacy carry a positively significant effect on trusting online vendors (Chiu et al. , 2009). E-Business & Online Security: A Technical Concern Or A Strategic Priority
9. Literature Review & Findings One of the most striking features of the fight for online 'supremacy' is connected with the fact that novel approaches to undermining personal and financial information follow in the steps of state-sponsored cyber-warfare practices. (Cronin, 2002; Hutchinson, 2002) E-Business & Online Security: A Technical Concern Or A Strategic Priority
10. Literature Review & Findings Around the world, many nations spend large sums on information warfare programs. Those include Russia, China, India, Taiwan, Israel, France, Brazil and Iran (Adams, 2001). China, for instance, has committed itself to improving information warfare capabilities (Rhem, 2005). Therefore, special attention needs to be paid to security concerns when considering outsourcing IT functions to foreign-country organisations, for example (Pruitt, 2004). E-Business & Online Security: A Technical Concern Or A Strategic Priority
11. Literature Review & Findings Internet-based, low cost cyber-threats target civilian information assets and threaten the economic stability of modern societies (Bush, 2003). Information warfare may become commonplace in four spheres: military, economic, social and personal (Cronin and Crawford, 1999) E-Business & Online Security: A Technical Concern Or A Strategic Priority
12. Literature Review & Findings Criminal activity is rapidly expanding into an underground economy specialising in identity theft, phishing and spam (Verton, 2004) as technical barriers to gaining access to valuable resources fall (Kenneth, Knapp and Boulton, 2006). E-Business & Online Security: A Technical Concern Or A Strategic Priority
13. Literature Review & Findings Cyber-technology is increasingly used in corporate espionage (Hansell, 2004). The rise of trusted malware exemplifies the harnessing of the very tools, designed by security firms for enhancing protection, for gaining unfettered access to valuable information and serve to infiltrate networks. 53,834 pieces of signed malware were detected in the first 5 months of 2011, a 300% increase on the previous year (AVG, 2011). E-Business & Online Security: A Technical Concern Or A Strategic Priority
14. Literature Review & Findings Recently, stolen digital certificates made headlines with the Stuxnet 'worm' and the RSA hack of Lockheed Martin network breach (AVG, 2011). Spyware and adware can take the form of legitimate applications with illegal intentions (Stafford and Urbaczewski, 2004). E-Business & Online Security: A Technical Concern Or A Strategic Priority
15. Around 7,000 spyware programs reportedly existed five years ago and are responsible for 50% of all PC crashes (Sipior, Ward and Roselli, 2005). 91 percent of home computers host spyware code (Richmond, 2004). Identity theft is another type of 'cyber-terrorism against individuals' (Sterling, 2004). Literature Review & Findings E-Business & Online Security: A Technical Concern Or A Strategic Priority
16. Literature Review & Findings As a result of the growing risk, demand for certifiably skilled cyber-security specialists is growing as organisations move to protect an increasingly valuable asset, information. In conjunction with senior management, qualified personnel facilitate programmes in security education, risk assessment and cultural change towards a better understanding of data security (Dutta and McCrohan, 2002). E-Business & Online Security: A Technical Concern Or A Strategic Priority
17. Literature Review & Findings Lately, cyber-criminals are turning their attention to Mac users as the Mac OS platform expands its market share (AVG, 2011). Cyber-crime has ventured into the mobile platforms as they increase their online presence with even greater promises of personal data to compromise. The rise of rogue smart-phone apps such as those relating to Google's Android Market and others is another worrying trend in the battle for online security (PC World, 2011). E-Business & Online Security: A Technical Concern Or A Strategic Priority
18. Literature Review & Findings Most of the victims of cyber-attacks choose not to inform the outside world about such breaches. In 2005, only 20% of intrusions were reported to law enforcement agencies in the US, primarily because of concerns with negative publicity (Gordon et al ., 2005). Despite the escalation in the veracity of information technology threats, business managers often lack an adequate understanding of the risks, or are reluctant to take decisive action for providing appropriate levels of information security (Austin and Darby, 2003). E-Business & Online Security: A Technical Concern Or A Strategic Priority
19. Literature Review & Findings Top management support was ranked as the most critical information security issue facing organisations by 874 Certified Information System Security Professionals (CISSPs) (Kenneth, Knapp and Boulton, 2006). As a result of the recent wave of cyber-attacks and flowing from the perceived effects of potential liability, including leaks of corporate communications, negotiation contracts and other sensitive information influencing a firm's competitive-advantage in its industry and markets, demand for cyber-insurance is growing fast (Kolodzinski, 2002; Keating, 2003). E-Business & Online Security: A Technical Concern Or A Strategic Priority
20. Specific Topic Related Examples McAfee, through its five-year long “ Operation Shady RAT ”, identified 72 government and corporate parties that have been silently compromised, in some instances over years without being detected (Alperovitch, 2011). The list includes: International Olympic Committee (IOC), The United Nations, ASEAN, South Korean steel and construction companies, A US real estate firm, Four US defense contractors, US federal, state and county government agencies, and, ironically, A computer network security company E-Business & Online Security: A Technical Concern Or A Strategic Priority
21. Discussion &Recommendations Given current and projected growth of information technology, its use in e-commerce and the magnitude, spread and affordability of launching cyber-threats in their many forms, contemporary levels of complacency afforded by business organisations, individuals and governments are largely and alarmingly inadequate . E-Business & Online Security: A Technical Concern Or A Strategic Priority
22. Discussion &Recommendations As the stakes go higher for all concerned with maintaining a relatively safe and secure online environment, the lack of concerted action by those implicated is likely to prove detrimental to future prospects of growth for e-business should current attitudes to the seriousness of the matter continue to go under-checked. E-Business & Online Security: A Technical Concern Or A Strategic Priority
23. Discussion &Recommendations Therefore, it is strongly recommended for all stakeholders to adopt appropriate cyber-strategies for effective information security management. A multi-layered approach to protecting online communications and data from prying eyes is needed in order to boost confidence in online services. Under the proposed scheme, governments, business organisations and individuals alike will need to collaborate in creating and maintaining an array of defense barriers in order to minimise chances for over-exposure to the rapidly sophisticated intrusions of the online world. E-Business & Online Security: A Technical Concern Or A Strategic Priority
24. Discussion &Recommendations For an effective strategy against the invisible threat, elements of technology, law and societal awareness are advised to be incorporated in management's strategy. Bush (2003), for instance, divided the complex cyber-challenge into five levels as part of the National Strategy to Secure Cyberspace. These levels are: home users and small businesses, large enterprises, critical infrastructure sectors, national vulnerabilities, and the global information grid of networked systems. E-Business & Online Security: A Technical Concern Or A Strategic Priority
25. Discussion &Recommendations Issues of regulation of the Internet on an international basis might need to be further clarified and the responsibilities of those bodies charged with looking into the global dimension of the threat reassessed in light of recent developments. Corporations are recommended to collaborate with governments in designing appropriate mechanisms for dealing with the problem and reaching binding agreements with regard to their rights and obligations in the process. Individuals carry the ultimate responsibility for using the expanding medium while raising awareness of the dangers of venturing unprepared into the 'World Wild Web '. E-Business & Online Security: A Technical Concern Or A Strategic Priority
26. Discussion &Recommendations As superior cyber-attack technologies trickle down from state-sponsored labs to the increasingly sophisticated, financially-motivated cyber-criminals of late, businesses of all sizes are faced with the challenging task of managing the risks involved. As the cost of acquiring and effectively deploying the right tools for combating intrusive online behaviour rises, smaller enterprise is likely to attract greater attention by those on the wrong side of the law due to heightened levels of vulnerability. Therefore, it is of significance to help SMEs become better acquainted with their increasingly important role in securing B2B and B2C networks and data streams in an effort to foster a safer online environments. E-Business & Online Security: A Technical Concern Or A Strategic Priority
27. Discussion &Recommendations The rising trends of cloud computing and social networking, although promising in terms of attracting a larger audience and enhancing the efficiency of communications, are likely to increase the risks associated with cyber-attacks as the pool of stored data is significantly increased. Therefore, top management is advised to reconsider the risk/benefit scenarios of their online endeavours and adjust plans accordingly as restoring lost consumer trust, as a result of inaction, could prove a much more challenging task than securing corporate and consumers' communications. Think Vodafone Ausralia post-VodaFail campaign! E-Business & Online Security: A Technical Concern Or A Strategic Priority
28. Discussion &Recommendations Finally, a proactive approach to guarding sensitive information resources such as data encryption, backup and access authentication procedures are among the practices to enlist in the virtual war unfolding. E-marketers, in particular, due to their front-line positions need to enhance their security strategies especially those connected with website security design and secured cart and payment solutions in addition to compliance to stringent interface certification practices. E-Business & Online Security: A Technical Concern Or A Strategic Priority
29. Online security video (Citi Bank) http://www.youtube.com/watch?v=3S4qmfKNxv8 E-Business & Online Security: A Technical Concern Or A Strategic Priority
30. Futuristic Scenario Its 22 nd of August, 2015. Armageddon has arrived in its electronic form facilitated by lax online security, the irrational exuberance of e-business growth of late, the proliferation of cyber-warfare tools in the hands of financially- motivated criminals in many advanced and emerging nations. Firms with compromised information infrastructure are faced with a barrage of attacks on a daily basis for which there appears to be no quick remedy. Skyrocketing demand for cyber-insurance has rendered the costs of moderately- effective detection and elimination code unaffordable to most SMEs. E-Business & Online Security: A Technical Concern Or A Strategic Priority
31. Futuristic Scenario Consumers’ electronic confidence is plummeting faster than anyone thought possible. Online shoppers are turning away from the increasingly unsecure environment in favour of the traditional way of buying goods and services. Social networking and Cloud computing have been identified by some online security firms as the biggest sources of information leaks used in identity theft incidents. Corporate information databases have been regularly compromised with unspecified sums paid out as a result of victims’ legal actions… Discuss! E-Business & Online Security: A Technical Concern Or A Strategic Priority
32. Thank You! Questions?? E-Business & Online Security: A Technical Concern Or A Strategic Priority