Some 2.4 billion global Internet users—34 percent of
the world’s population—spend increasing amounts
of time online.1 As our online activity expands,
it isn’t just creating new ways to do business. It’s
revolutionizing business. However, like any mass
movement with significant ramifications, the
Internet-enabled life has risks as well as benefits.
Some are willing to accept those risks without much
consideration. Others want to take the time for a
more contemplative response, but events are moving
too quickly for long debate. What we really need is
a Call to Action that addresses the risks demanding
urgent attention.
To balance the benefits of the digital life,
management needs to understand and grapple
with four equally powerful forces:
Democratization – The way customers insist
on interacting via the channels they prefer,
rather than the channels the organization
imposes.
Consumerization – The impact of the many
devices and applications that span work and
play in our digital lives.
Externalization – The ways in which cloud
computing slashes capital expenditure and
shakes up how data moves in and out of
organizations.
Digitization – The exponential connectivity
created when sensors and devices form the
“Internet of Things.” These forces interact in ways
that make eradicating Cyber Risk impossible;
eliminating it in one area simply shifts it to the
others.
However, by following best practices, it is possible
to reduce your organization’s exposure to Cyber
Risk across the board. By addressing the real and
growing risks we face as individuals, businesses, and
governments, we can begin to create an optimal
environment of Cyber Resilience. This Manifesto sets
out a road map for that process.
Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access
Cyber Resilience presented at the Malta Association of Risk Management (MARM) Cybercrime Seminar of 24 June 2013 by Mr Donald Tabone. Mr Tabone, Associate Director and Head of Information Protection and Business Resilience Services at KPMG Malta, presented a six-point action plan corporate entities can follow in order to reach a sustainable level of cyber resilience.
The digital age provides all organisations with opportunities to grow and innovate. But it also brings a new world of risk, especially to our most precious information. The information that’s critical to our future success. All organisations are at risk and cyber resilience is no longer a ‘nice to have’. But many organizations continue to struggle to define what good cyber resilience looks like.
Good starts with a strategy. A strategy built around your business objectives and knowing what the cyber risks are to those objectives. It’s about having the right people, skills, awareness and culture to deliver the strategy. It’s also about understanding that you will never be bullet-proof – to support your prevention and detection activities it’s now as important to know how you will effectively respond and recover to a cyber-attack.
In June 2015 AXELOS Global Best Practice are launching a new Cyber Resilience Best Practice portfolio. This webinar with Nick Wilding, Head of Cyber Resilience at AXELOS, outlines:
- what cyber resilience is and why it is so important to any organisation;
- why all of us are on the cyber front line and how we all have a role to play;
- why cyber resilience best practice is so vital to help define and manage what good looks like in your organisation;
- how you can get involved in the development and launch of this exciting new initiative from AXELOS.
Business Continuity, Data Privacy, and Information Security: How do they link?PECB
Considering the increased number of cyberattacks and the significant damage caused to the IT infrastructure, organizations should ensure that their efforts to secure IT operations are linked with efforts to maintain resiliency within organizations.
The webinar covers
• Cybersecurity during pandemic through statistics
• Attack trends during pandemic
• Mitigating steps to take
• Relevance of IT Disaster Recovery in the time of Cloud computing
• Achieving optimal alignment and efficiency regarding your ISMS, BCP, BIA and Risk Management efforts
• Post-pandemic cyber and privacy considerations
• BCP and pandemic scenario planning 'beyond COVID'
• How to keep your privacy policy and incident response plan actionable
• How to keep your BCP short, sharp, up-to-date and user-friendly during an actual invocation
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: https://pecb.com/whitepaper/iso-27001-information-technology--security-techniques-information-security--management-systems---requirements
https://pecb.com/en/education-and-certification-for-individuals/iso-iec-27701
Webinars: https://pecb.com/webinars
Articles: https://pecb.com/article
Whitepapers: https://pecb.com/whitepaper
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Youtube video: https://youtu.be/0AbrywA5oic
Some 2.4 billion global Internet users—34 percent of
the world’s population—spend increasing amounts
of time online.1 As our online activity expands,
it isn’t just creating new ways to do business. It’s
revolutionizing business. However, like any mass
movement with significant ramifications, the
Internet-enabled life has risks as well as benefits.
Some are willing to accept those risks without much
consideration. Others want to take the time for a
more contemplative response, but events are moving
too quickly for long debate. What we really need is
a Call to Action that addresses the risks demanding
urgent attention.
To balance the benefits of the digital life,
management needs to understand and grapple
with four equally powerful forces:
Democratization – The way customers insist
on interacting via the channels they prefer,
rather than the channels the organization
imposes.
Consumerization – The impact of the many
devices and applications that span work and
play in our digital lives.
Externalization – The ways in which cloud
computing slashes capital expenditure and
shakes up how data moves in and out of
organizations.
Digitization – The exponential connectivity
created when sensors and devices form the
“Internet of Things.” These forces interact in ways
that make eradicating Cyber Risk impossible;
eliminating it in one area simply shifts it to the
others.
However, by following best practices, it is possible
to reduce your organization’s exposure to Cyber
Risk across the board. By addressing the real and
growing risks we face as individuals, businesses, and
governments, we can begin to create an optimal
environment of Cyber Resilience. This Manifesto sets
out a road map for that process.
Cybersecurity is the body of technologies, processes and practices designed to protect networks, computers, programs and data from attack, damage or unauthorized access
Cyber Resilience presented at the Malta Association of Risk Management (MARM) Cybercrime Seminar of 24 June 2013 by Mr Donald Tabone. Mr Tabone, Associate Director and Head of Information Protection and Business Resilience Services at KPMG Malta, presented a six-point action plan corporate entities can follow in order to reach a sustainable level of cyber resilience.
The digital age provides all organisations with opportunities to grow and innovate. But it also brings a new world of risk, especially to our most precious information. The information that’s critical to our future success. All organisations are at risk and cyber resilience is no longer a ‘nice to have’. But many organizations continue to struggle to define what good cyber resilience looks like.
Good starts with a strategy. A strategy built around your business objectives and knowing what the cyber risks are to those objectives. It’s about having the right people, skills, awareness and culture to deliver the strategy. It’s also about understanding that you will never be bullet-proof – to support your prevention and detection activities it’s now as important to know how you will effectively respond and recover to a cyber-attack.
In June 2015 AXELOS Global Best Practice are launching a new Cyber Resilience Best Practice portfolio. This webinar with Nick Wilding, Head of Cyber Resilience at AXELOS, outlines:
- what cyber resilience is and why it is so important to any organisation;
- why all of us are on the cyber front line and how we all have a role to play;
- why cyber resilience best practice is so vital to help define and manage what good looks like in your organisation;
- how you can get involved in the development and launch of this exciting new initiative from AXELOS.
Business Continuity, Data Privacy, and Information Security: How do they link?PECB
Considering the increased number of cyberattacks and the significant damage caused to the IT infrastructure, organizations should ensure that their efforts to secure IT operations are linked with efforts to maintain resiliency within organizations.
The webinar covers
• Cybersecurity during pandemic through statistics
• Attack trends during pandemic
• Mitigating steps to take
• Relevance of IT Disaster Recovery in the time of Cloud computing
• Achieving optimal alignment and efficiency regarding your ISMS, BCP, BIA and Risk Management efforts
• Post-pandemic cyber and privacy considerations
• BCP and pandemic scenario planning 'beyond COVID'
• How to keep your privacy policy and incident response plan actionable
• How to keep your BCP short, sharp, up-to-date and user-friendly during an actual invocation
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: https://pecb.com/whitepaper/iso-27001-information-technology--security-techniques-information-security--management-systems---requirements
https://pecb.com/en/education-and-certification-for-individuals/iso-iec-27701
Webinars: https://pecb.com/webinars
Articles: https://pecb.com/article
Whitepapers: https://pecb.com/whitepaper
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Youtube video: https://youtu.be/0AbrywA5oic
M-Trends® 2013: Attack the Security GapFireEye, Inc.
Mandiant’s annual threat report reveals evolving trends, case studies and best practices gained from Mandiant observations to targeted attacks in the last year. The report, compiled from hundreds of Mandiant advanced threat investigations, also includes approaches that organizations can take to improve the way they detect, respond to, and contain complex breaches. For the latest M-Trends report, https://www.fireeye.com/mtrends.
Event report from Cyber Security roundtable discussions held in 5 cities. Manila on 31August 2016, Jakarta 6 October 2016, Kuala Lumpur 21 October 2016, Singapore 27 October 2016 and Hong Kong 11 November 2016. Organised by CIO Academy Asia and its partner Fortinet.
Accountability for Corporate Cybersecurity - Who Owns What?Henry Draughon
Data breaches have progressed from low probability, high consequence events to high probability, high consequence events. This shift requires that senior executives become more involved to help reduce financial impact and protect their companies’ reputation and brand.
Cybersecurity frameworks like NIST, HITRUST, PCI DSS, COBIT, and OSI provide the structure to facilitate senior executive participation. The technical perspective, sophistication, and complexity of frameworks can lead to silos of cybersecurity management. Cross-functional accountability for effective corporate cybersecurity management is required.
A Responsibility Assignment Matrix within a cybersecurity framework can visually and effectively illustrate cross-functional ownership of the corporate cybersecurity plan. Ownership of the creation and maintenance of the corporate security plan should remain with either the security or IT department. Many aspects of cybersecurity accountability naturally reside outside of the security and IT departments.
Please visit this site and explore how corporate accountability can be incorporated with cybersecurity planning.
http://processdeliverysystems.com/v2pds_nist/index.htm
Click here to download the presentation Accountability for Corporate Cybersecurity, Who Owns What?
http://processdeliverysystems.com/v2pds_nist/documents/PDS_Accountabiliy_NIST_Cybersecurity_Framework.pdf
Click here to download the Responsibility Assignment Matrix for the NIST Cybersecurity Framework.
http://processdeliverysystems.com/v2pds_nist/documents/PDS_NIST_Cybersecurity_Framework_RACI.pdf
We welcome your questions, insights, and comments.
Cyber Risk Management in 2017 - Challenges & RecommendationsUlf Mattsson
With cyber attacks on the rise, securing your data is more imperative than ever. In future, organizations will face severe penalties if their data isn’t robustly secured. This will have a far reaching impact for how businesses deal with security in terms of managing their cyber risk.
Join this presentation to learn the cyber security controls prescribed by regulation, how this impacts compliance, and how cyber risk management helps CISOs understand the degree these controls are in place and where to prioritize their cyber dollars and ensure they are not at risk for fines.
Viewers will learn:
- The latest cybercrime trends and targets
- Trends in board involvement in cybersecurity
- How to effectively manage the full range of enterprise risks
- How to protect against ransomware
- Visibility into third party risk
- Data security metrics
We found that while cyber security was named as the topmost future tech adoption for organizations in 2019, cyber security is now the second tech priority for 2021 but with a higher budget than previously allocated. We also discovered that cloud security currently holds more importance with CISOs, CTOs and CIOs than data security and privacy.
Symantec Intelligence Report - October 2014Symantec
The number of spear phishing attacks per day continues to trend downward over the last twelve months, coming in at 45 per day in October. Of the attachments used in such email-based attacks, the .doc attachment type comprised 62.5 percent and .exe attachments made up 14.4 percent. Of the industries attacked, the category of Finance, Insurance, and Real Estate received 28 percent of all spear phishing attempts in the month of October, followed by Manufacturing at 17 percent.
The largest data breach that was disclosed in October took place back in July. This breach had previously been reported; however, we learned this month that the breach resulted in the exposure of identities within 76 million households, plus information on an additional seven million small businesses.
In the Mac threat landscape, OSX.Okaz was the most frequently encountered OSX risk seen on OSX endpoints, making up 28.8 percent of OSX risks. OSX.Okaz is an adware program that may modify browser homepage and search settings.
Finally, ransomware as a whole continues to decline as the year progresses. However, the amount of crypto-style ransomware seen continues to increase. This particularly aggressive form of ransomware made up 55 percent of all ransomware in the month of October.
Industry Overview: Big Data Fuels Intelligence-Driven SecurityEMC
This industry overview describes how Big Data will be a driver for change across the security industry, reshaping security approaches, solutions, and spending. It presents six guidelines to help organizations plan for the Big Data-driven transformation of their security toolsets and operations as part of an intelligence-driven security program.
The Journey to Cyber Resilience in a World of Fear, Uncertainty and DoubtJohn D. Johnson
This presentation was given at CampIT. It motivated the need for a high level of maturity of the enterprise security program, by striving for cyber resiliency.
While some argue that cyber resilience is foundational for managing risk holistically in an increasingly complex world, others deride the concept as little more than the latest buzzword. This presentation provides an overview of what cyber resilience means and how it is being used by governments and corporations across different industries.
Only 20% of mergers succeed. Many assumptions are made during the due diligence phase, and many things go wrong during execution. Our method helps you maximise your chances of success, and mitigate most of the classical risks during the first 100 days especially.
Solutions.Information Security During Mergers & Acquisitions:
Issues, Safety Measures, and Need-to-Know Solutions.
Information security risks and threats connected with mergers and acquisitions, which can include months of often precarious IT migrations and legacy services left exposed; how Cloud computing affects information security risks and threats during merger and acquisition activities, as well as the positive opportunities that they can offer; why Information Security should be involved in the early phases of due diligence, including the phases during which the deal is structured and the acquisition model is defined; a simple framework and actionable material.
M-Trends® 2013: Attack the Security GapFireEye, Inc.
Mandiant’s annual threat report reveals evolving trends, case studies and best practices gained from Mandiant observations to targeted attacks in the last year. The report, compiled from hundreds of Mandiant advanced threat investigations, also includes approaches that organizations can take to improve the way they detect, respond to, and contain complex breaches. For the latest M-Trends report, https://www.fireeye.com/mtrends.
Event report from Cyber Security roundtable discussions held in 5 cities. Manila on 31August 2016, Jakarta 6 October 2016, Kuala Lumpur 21 October 2016, Singapore 27 October 2016 and Hong Kong 11 November 2016. Organised by CIO Academy Asia and its partner Fortinet.
Accountability for Corporate Cybersecurity - Who Owns What?Henry Draughon
Data breaches have progressed from low probability, high consequence events to high probability, high consequence events. This shift requires that senior executives become more involved to help reduce financial impact and protect their companies’ reputation and brand.
Cybersecurity frameworks like NIST, HITRUST, PCI DSS, COBIT, and OSI provide the structure to facilitate senior executive participation. The technical perspective, sophistication, and complexity of frameworks can lead to silos of cybersecurity management. Cross-functional accountability for effective corporate cybersecurity management is required.
A Responsibility Assignment Matrix within a cybersecurity framework can visually and effectively illustrate cross-functional ownership of the corporate cybersecurity plan. Ownership of the creation and maintenance of the corporate security plan should remain with either the security or IT department. Many aspects of cybersecurity accountability naturally reside outside of the security and IT departments.
Please visit this site and explore how corporate accountability can be incorporated with cybersecurity planning.
http://processdeliverysystems.com/v2pds_nist/index.htm
Click here to download the presentation Accountability for Corporate Cybersecurity, Who Owns What?
http://processdeliverysystems.com/v2pds_nist/documents/PDS_Accountabiliy_NIST_Cybersecurity_Framework.pdf
Click here to download the Responsibility Assignment Matrix for the NIST Cybersecurity Framework.
http://processdeliverysystems.com/v2pds_nist/documents/PDS_NIST_Cybersecurity_Framework_RACI.pdf
We welcome your questions, insights, and comments.
Cyber Risk Management in 2017 - Challenges & RecommendationsUlf Mattsson
With cyber attacks on the rise, securing your data is more imperative than ever. In future, organizations will face severe penalties if their data isn’t robustly secured. This will have a far reaching impact for how businesses deal with security in terms of managing their cyber risk.
Join this presentation to learn the cyber security controls prescribed by regulation, how this impacts compliance, and how cyber risk management helps CISOs understand the degree these controls are in place and where to prioritize their cyber dollars and ensure they are not at risk for fines.
Viewers will learn:
- The latest cybercrime trends and targets
- Trends in board involvement in cybersecurity
- How to effectively manage the full range of enterprise risks
- How to protect against ransomware
- Visibility into third party risk
- Data security metrics
We found that while cyber security was named as the topmost future tech adoption for organizations in 2019, cyber security is now the second tech priority for 2021 but with a higher budget than previously allocated. We also discovered that cloud security currently holds more importance with CISOs, CTOs and CIOs than data security and privacy.
Symantec Intelligence Report - October 2014Symantec
The number of spear phishing attacks per day continues to trend downward over the last twelve months, coming in at 45 per day in October. Of the attachments used in such email-based attacks, the .doc attachment type comprised 62.5 percent and .exe attachments made up 14.4 percent. Of the industries attacked, the category of Finance, Insurance, and Real Estate received 28 percent of all spear phishing attempts in the month of October, followed by Manufacturing at 17 percent.
The largest data breach that was disclosed in October took place back in July. This breach had previously been reported; however, we learned this month that the breach resulted in the exposure of identities within 76 million households, plus information on an additional seven million small businesses.
In the Mac threat landscape, OSX.Okaz was the most frequently encountered OSX risk seen on OSX endpoints, making up 28.8 percent of OSX risks. OSX.Okaz is an adware program that may modify browser homepage and search settings.
Finally, ransomware as a whole continues to decline as the year progresses. However, the amount of crypto-style ransomware seen continues to increase. This particularly aggressive form of ransomware made up 55 percent of all ransomware in the month of October.
Industry Overview: Big Data Fuels Intelligence-Driven SecurityEMC
This industry overview describes how Big Data will be a driver for change across the security industry, reshaping security approaches, solutions, and spending. It presents six guidelines to help organizations plan for the Big Data-driven transformation of their security toolsets and operations as part of an intelligence-driven security program.
The Journey to Cyber Resilience in a World of Fear, Uncertainty and DoubtJohn D. Johnson
This presentation was given at CampIT. It motivated the need for a high level of maturity of the enterprise security program, by striving for cyber resiliency.
While some argue that cyber resilience is foundational for managing risk holistically in an increasingly complex world, others deride the concept as little more than the latest buzzword. This presentation provides an overview of what cyber resilience means and how it is being used by governments and corporations across different industries.
Only 20% of mergers succeed. Many assumptions are made during the due diligence phase, and many things go wrong during execution. Our method helps you maximise your chances of success, and mitigate most of the classical risks during the first 100 days especially.
Solutions.Information Security During Mergers & Acquisitions:
Issues, Safety Measures, and Need-to-Know Solutions.
Information security risks and threats connected with mergers and acquisitions, which can include months of often precarious IT migrations and legacy services left exposed; how Cloud computing affects information security risks and threats during merger and acquisition activities, as well as the positive opportunities that they can offer; why Information Security should be involved in the early phases of due diligence, including the phases during which the deal is structured and the acquisition model is defined; a simple framework and actionable material.
Mergers & Acquisitions security - (ISC)2 Secure Summit DACHEQS Group
It does not have an ISO standard. NIST barely mentions it. Despite hundreds of publications, no dedicated book is in sight. Enterprise Risk Management frameworks barely touch on it - if they even do. A chapter in Tipton's book dating 2007, proprietary solutions and sparse articles is all we have. In 2007 there was no Cloud yet - and that can be both a big help or a major issue in the process. Mergers & Acquisition is a matter left to Business Administration professionals, who don't like thinking about Information Security risks anyway. Information Security for Mergers & Acquisition is often an afterthought and rarely a deciding factor in due diligence exercises - but when your company acquires a new firm every quarter, you need to start thinking about something. This session will propose a simple framework and you will walk away with an actionable material you can start using tomorrow.
Learning Objectives:
- Understand information security risks and threats connected with merger and acquisition activities, which include months of often precarious IT migrations, a Cloud mess, and legacy services left exposed for months or years.
- Understand how Cloud Computing affects information security risks and threats during a merger and acquisition activities, as well as the positive opportunities they can offer.
- Why it is important that Information Security is involved in the early phases of due diligence, including during the phases in which the deal is structured and evaluated, and the acquisition model is defined.
- Walk home with a simple framework and actionable material they can start using the day after.
This presentation gives an in-depth look at the comprehensive due diligence process. It covers the framework for due diligence, its purpose, and types. This presentation is incrediably valuable for anyone doing or looking to do transactional work.
Watch full webinar here: http://www.firmex.com/Due-Diligence-Best-Practices-and-Pitfalls-sign-up/
LOIs and NDAs signed. Now art meets science with the legal, financial and strategic review of the business. How do you test the value proposition and identify potential risks? Select the best tools to streamline the process? And prepare for regulatory and legal compliance issues arising from legislation like FCPA? Learn what it takes to avoid pitfalls that plague even the most experienced due diligence experts.
Improving Cybersecurity and Resilience Through Acquisition Emile Monette GSAGovCloud Network
When the government purchases products or services with inadequate in-built “cybersecurity,” the risks created persist throughout the lifespan of the item purchased. The lasting effect of inadequate cybersecurity in acquired items is part of what makes acquisition reform so important to achieving cybersecurity and resiliency.
Currently, government and contractors use varied and nonstandard practices, which make it difficult to consistently manage and measure acquisition cyber risks across different organizations.
Meanwhile, due to the growing sophistication and complexity of ICT and the global ICT supply chains, federal agency information systems are increasingly at risk of compromise, and agencies need guidance to help manage ICT supply chain risks
the Defense Department and General Services Administration report on improving cyber security and resilience through acquisition. This report, developed as part of the President’s Executive Order on Cyber Security, forms the baseline for a fundamental shift in federal procurement policy. In short, going forward cyber security is going to be a core consideration in federal procurements. Contractors will likely find cyber security obligations embedded in their contracts, and may even find themselves excluded from the procurement process if certain cyber security benchmarks are not met.
The report spells out six key recommendations:
1) Institute Baseline Cybersecurity Requirements as a Condition of Contract Award for Appropriate Acquisitions
2) Address Cybersecurity in Relevant Training
3) Develop Common Cybersecurity Definitions for Federal Acquisitions
4) Institute a Federal Acquisition Cyber Risk Management Strategy
5) Include a Requirement to Purchase from Original Equipment Manufacturers, Their Authorized Resellers, or Other “Trusted” Sources, Whenever Available, in Appropriate Acquisitions
6) Increase Government Accountability for Cyber Risk Management
Improving Cyber Readiness with the NIST Cybersecurity FrameworkWilliam McBorrough
Still need a prime on the CSF? Check out my article for the Access Business Team January 2017 Newsletter on how business can improve their cyber readiness with the NIST Cybersecurity Framework.
Cyber Critical Infrastructure Framework PanelPaul Di Gangi
The following presentation slides were used during the 2014 Cyber Summit Panel Session on Cyber Critical Infrastructure Guidelines at the University of Alabama at Birmingham
8242015 Combating cyber risk in the supply chain Print Art.docxevonnehoggarth79783
8/24/2015 Combating cyber risk in the supply chain Print Article SC Magazine
http://www.scmagazine.com/combatingcyberriskinthesupplychain/printarticle/381050/ 1/2
Daryk Rowland, director of risk
management, Guidance Software,
Inc.
Daryk Rowland, director of risk management, Guidance Software, Inc.
November 11, 2014
Combating cyber risk in the supply chain
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Security threats within the supply chain have been a concern of purchasing,
information security and risk and compliance teams for many years. What's
new is the rapid increase in targeted attacks on a less welldefended area for
most corporations the confidential data now commonly shared with
supply chain vendors and partners.
In research released in 2013, the Information Security Forum (ISF) found
that, “of all the supply chain risks, information risk is the least well
managed,” and that, “forty percent of the datasecurity breaches experienced
by organizations arise from attacks on their suppliers.” The Target breach
began with a simple login to its corporate network—a login seen as normal
by its security systems because the user name and password were valid. The
problem, of course, was that these login credentials were stolen—yet they
were also authorized for access, so they went unchallenged by Target's
authentication system.
Consider the fact that the recent Dragonfly/Energetic Bear hack of U.S. and
European energy companies began with a spearphishing campaign against
senior employees in energy sector companies. Those senior employees took
the bait and enabled the hackers to compromise legitimate software used by
industrial control system (ICS) manufacturers, inserting malware into
software updates sent from the ICS manufacturers to their clients.
Everyone involved with vendor management — from legal and risk/compliance teams to information security and
purchasing specialists — should now develop a common, collaborative security strategy (or program) that includes
layering new protections onto processes and policies to defend against information risk in the supply chain. Adding the
following practices to your existing security controls can help you collaborate productively for a targeted approach to
supply chain cybersecurity.
Map locations of sensitive data: Collaborate across all relevant teams to determine which data—intellectual property,
employee records, financial information, credit card data — is considered sensitive by your organization. Security
teams should audit for all locations of that sensitive data on your network, as well as for the locations of copies of that
data that may be accessible to members of your supply chain.
Evaluate risk by vendor: Assess and rank vendors and partners with access to your network—or any who retain
copies of your data—according to their risk to information security. Two helpful templates for this are the annotated
ICT Supply Chain Risk Manageme.
Cyber security reguations: The shape of things to come for captives?Daniel Message
Article discussing the potential impact of emerging cyber security regulations on captive insurance companies. Originally published in Captive Insurance Times, 5 April 2017.
Six Keys to Securing Critical Infrastructure and NERC ComplianceLumension
With the computer systems and networks of electric, natural gas, and water distribution systems now connected to the Internet, the nation’s critical infrastructure is more vulnerable to attack. A recent Wall Street Journal article stated that many utility IT environments have already been breached by spies, terrorists, and hostile countries, often leaving bits of code behind that could be used against critical infrastructure during times of hostility. The U.S. Cyber Consequence Unit declared that the cost of such an attack could be substantial: “It is estimated that the destruction from a single wave of cyber attacks on U.S. critical infrastructures could exceed $700 billion USD - the equivalent of 50 major hurricanes hitting U.S. soil at once.”
Vulnerability and exposure of utilities’ critical infrastructures originate from the Supervisory Control and Data Acquisition (SCADA) and Distribution Automation (DA) systems that communicate and control devices on utility grids and distribution systems. Many of these systems have been in operation for years (sometimes for decades), and are not designed with security in mind. Regulatory bodies have recognized the many security issues to critical infrastructure and have begun to establish and enforce requirements in an attempt to shore up potential exposures. One such regulation is NERC CIP, which includes eight reliability standards consisting of 160 requirements for electric and power companies to address. And as of July 1, 2010, these companies must be “auditably compliant” or else they risk getting slapped with a $1 million per day, per CIP violation.
In this roundtable discussion, we will highlight:
• The security challenges facing utilities today
• The six critical elements to achieving economical NERC CIP compliance
• How utilities can secure critical infrastructure in today’s networked environment
Most organizations have good enterprise-level security policies that define their approach to maintaining, improving, and securing their information and information systems. However, once the policies are signed by senior leadership and distributed throughout the organization, significant cybersecurity governance challenges remain. In this workshop I will explain the transforming organizational security to strengthen defenses and integrate cybersecurity with the overall approach toward security governance, risk management and compliance.
USA Information Security Compliance Market OverviewNiraj Singhvi
This report is prepared by Maple Growth Partners, an investment research and strategic advisory firm.
The project was commissioned by one of our $250mn+ private equity fund client. The primary objective of this report was to provide a market overview of the requested standards within the IT security compliance industry along with their adoption rates by relevant geographies, identification of the most attractive growth pockets globally to scale operations, and a detailed competitive landscape / bolt-on acquisition targets list.
Standards included were PCI; HIPAA; HITRUST; EI3PA; FedRamp; SOC 1 and SOC 2; GDPR; and NYDFS.
As a part of an exercise to identify the most attractive geography pockets for IT security compliance to scale operations globally, we provided a detailed cybersecurity preparedness research for each country to eventually come up with necessary insights to present the most suitable countries to invest in from a US PE portfolio company perspective.
We then screened hundreds of companies and identified 151 relevant competitors / bolt-on acquisition targets and have presented them in a matrix format outlaying their presence across standards along with ownership details in a standardized profile template.
From a PE perspective, we believe that this industry is perfectly positioned for a roll-up strategy. Broadening the scope of solutions offered to sell more to one client, coupled with scalability through cloud adoption and outsourcing the operations/support functions will likely enhance incremental value in the respective target.
While the full report is exclusively prepared for the said client, we have provided a gist of our overall analysis to showcase our research capabilities, especially for a niche market such as IT security compliance.
Cyber-attacks are an alarming threat to all types of businesses & organizations.The risk of a cyber-attack is not just a risk to your company but also to your privacy.Hence, cybersecurity is crucial for every business. Cybersecurity protects critical data from cyber attackers. This includes sensitive data, governmental and industry information, personal information, personally identifiable information (PII), intellectual property, and protected health information (PHI). If you are looking for tools to fight against cyber threats, then Techwave’s tools & technologies with adequate controls will help your organization stay protected.
Cyber-attacks are an alarming threat to all types of businesses & organizations.The risk of a cyber-attack is not just a risk to your company but also to your privacy.Hence, cybersecurity is crucial for every business. Cybersecurity protects critical data from cyber attackers. This includes sensitive data, governmental and industry information, personal information, personally identifiable information (PII), intellectual property, and protected health information (PHI). If you are looking for tools to fight against cyber threats, then Techwave’s tools & technologies with adequate controls will help your organization stay protected.
Cyber Security Program Realization in the Mid Market - Executive SummarySteve Leventhal
Mid-market firms comprise approximately one third of the US economy according to the U.S. Census Bureau. The purpose of this paper is to outline a logical, practical, and actionable approach to effective cyber security program realization in the mid-market ($100M - $3B in revenue).
Businesses involved in mergers and acquisitions must exercise due di.docxdewhirstichabod
Businesses involved in mergers and acquisitions must exercise due diligence in ensuring that the technology environment of the future organization is robust and adequately protects their information assets and intellectual property.. Such an effort requires time and open sharing to understand the physical locations, computing environment, and any gaps to address. Lack of information sharing can lead to a problematic systems integration and hamper the building of a cohesive enterprise security posture for the merged organization.
Often the urgency of companies undergoing a merger and acquisition (M&A) impedes comprehensive due diligence, especially in cybersecurity. This creates greater challenges for the cybersecurity engineering architect, who typically leads the cybersecurity assessment effort and creates the roadmap for the new enterprise security solution for the future organization. However, the business interest and urgency in completing the merger can also represent an opportunity for CISOs to leverage additional resources and executive attention on strategic security matters.
In this project, you will create a report on system security issues during an M&A. The details of your report, which will also include an executive briefing and summary, can be found in the final step of the project.
There are nine steps to the project. The project as a whole should take two weeks to complete. Begin with the workplace scenario and then continue to Step 1.
Deliverable
Cybersecurity for a Successful Acquisition, Slides to Support Executive Briefing
Step 1: Conduct a Policy Gap Analysis
As you begin Step 1 of your system security report on cybersecurity for mergers and acquisitions, keep in mind that the networks of companies going through an M&A can be subject to cyberattack. As you work through this step and the others, keep these questions in mind:
Are companies going through an M&A prone to more attacks or more focused attacks?
If so, what is the appropriate course of action?
Should the M&A activities be kept confidential?
Now, look at the existing security policies in regard to the acquisition of the media streaming company. You have to explain to the executives that before any systems are integrated, their security policies will need to be reviewed.
Conduct a policy gap analysis to ensure the target company's security policies follow relevant industry standards as well as local, state, and national laws and regulations. In other words, you need to make sure the new company will not inherit any statutory or regulatory noncompliance from either of the two original companies. This step would also identify what, if any, laws and regulations the target company is subject to. If those are different from the laws and regulations the acquiring company is subject to, then this document should answer the following questions:
How would you identify the differences?
How would you learn about the relevant laws and regulations?
How would .
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Improving cyber-security through acquisition
1. U.S. General Services Administration
Presentation to: Software and Supply Chain Assurance Forum
Improving Cybersecurity
through Acquisition
Emile Monette
Senior Advisor for Cybersecurity
GSA Office of Mission Assurance
emile.monette@gsa.gov
March 18, 2014
2. 2
Background: We Have a Problem
When the government purchases products or services with
inadequate in-built “cybersecurity,” the risks created persist
throughout the lifespan of the item purchased. The lasting effect of
inadequate cybersecurity in acquired items is part of what makes
acquisition reform so important to achieving cybersecurity and
resiliency.
Currently, government and contractors use varied and nonstandard
practices, which make it difficult to consistently manage and measure
acquisition cyber risks across different organizations.
Meanwhile, due to the growing sophistication and complexity of ICT
and the global ICT supply chains, federal agency information systems
are increasingly at risk of compromise, and agencies need guidance
to help manage ICT supply chain risks
3. Executive Order 13636
Section 8(e) of the EO required GSA and DoD to:
“… make recommendations to the President, … on the feasibility, security benefits,
and relative merits of incorporating security standards into acquisition planning and
contract administration”
Report signed January 23, 2014 (http://gsa.gov/portal/content/176547)
Recommends six acquisition reforms:
I. Institute Baseline Cybersecurity Requirements as a Condition of Contract Award for
Appropriate Acquisitions
II. Address Cybersecurity in Relevant Training
III. Develop Common Cybersecurity Definitions for Federal Acquisitions
IV. Institute a Federal Acquisition Cyber Risk Management Strategy
V. Include a Requirement to Purchase from Original Equipment Manufacturers, Their
Authorized Resellers, or Other “Trusted” Sources, Whenever Available, in Appropriate
Acquisitions
VI. Increase Government Accountability for Cyber Risk Management
3
4. NSCS Response to Recommendations
“DoD and GSA did an outstanding job engaging with public and private sector
stakeholders to craft the report and provided realistic recommendations that
will improve the security and resilience of the nation when implemented.
Moving forward, we highlight that:
We view the core recommendation to be the focus on incorporating cyber risk
management into enterprise acquisition risk management, built on “cybersecurity
hygiene” baseline requirements for all IT contracts.
DoD and GSA must now move quickly to provide an implementation plan that
includes milestones and specific actions to ensure integration with the various
related activities like supply chain threat assessments and anti-counterfeiting.
DoD and GSA should ensure the highest level of senior leadership endorsement,
accountability, and sustained commitment to implementing the recommendations
through near and long term action. This should be communicated clearly to the
Federal workforce, government contractors, and the oversight and legislative
communities.”
4
5. Now What?
Implementation Plan –
Translate recommendations into actions and outcomes
Iterative process; sequential and concurrent implementation
Address recommendations in order of implementation
Open, collaborative, stakeholder-centric process
Request for public comment 45 days (Responses due 28 Apr)
In-person meetings
Press / Media coverage
5
7. The first recommendation to be implemented…
IV. Institute a Federal Acquisition Cyber Risk Management
Strategy
– From a government-wide cybersecurity perspective, identify a hierarchy
of cyber risk criticality for acquisitions. To maximize consistency in
application of procurement rules, develop and use “overlays” for similar
types of acquisition, starting with the types of acquisitions that present
the greatest cyber risk.
– The government needs an interagency acquisition cyber risk
management strategy that requires agencies to ensure their
performance meets strategic cyber risk goals for acquisition and is part
of the government’s enterprise risk management strategy. The strategy
should be based on a government-wide perspective of acquisition, and
be primarily aligned with the methodologies and procedures developed
to address cyber risk in the Cybersecurity Framework. It should identify
a hierarchy of cyber risk criticality for acquisitions and include a risk-
based prioritization of acquisitions. The risk analysis should be
developed in alignment with the Federal Enterprise Architecture and
NIST Risk Management Framework (RMF).
7
8. About the Acquisition Cyber Risk Management Strategy
• Why this one first? Provides necessary foundation for
remaining recommendations
• What is it? Draws from the sourcing practices of spend
analysis, strategic categorization of buying activities, and
category management, combined with application of
information security controls and safeguards and
procurement risk management practices like pricing
methodology, source selection, and contract performance
management.
• How? Three-step process that produces: Category
Definitions, Risk Prioritization, and Overlays
8
9. Category Definitions
1. Grouping similar types of acquisitions together based on
characteristics of the product or service being acquired,
supplier or market segments, and prevalent
customer/buyer behavior.
– Categories must be right-sized – broad enough to be
understandable and provide economies of scale, but specific
enough to enable development of Overlays that provide
meaningful, adequate and appropriate safeguards for the types of
risks presented by the products or services in the Category
– Determine which Categories present potential cyber risk
• “Do purchases made in this Category present cyber risk to any
possible end user?”
9
10. Risk Assessment and Prioritization
3. Produce a hierarchy of Categories based on comparative
cyber risk.
– “Which of the Categories presents the greatest cyber risk as
compared to the other Categories?
– The Category that is determined to have the highest risk through
a comparative assessment would be the first one for which an
Overlay is developed.
• Unless….there is a compelling opportunity to develop
Overlays for a different Category first…
– Risk hierarchy provides reasoning – where a Category is
determined to have higher risk relative to other types of
acquisitions, the level of resources expended to address those
risks will also be justifiably higher.
10
11. Overlays
4. Develop Overlays – a tool for acquisition officials to use
throughout the acquisition lifecycle, and include:
– An articulation of the level of risk presented by the Category
derived from the risk assessment;
– A specific set of minimum controls that must be included in the
technical specifications, acquisition plan, and during contract
administration and performance for any acquisition in the Category;
– The universe of additional controls that are relevant to the Category
but are not required in the minimum (i.e., a “menu”), and
– Examples of sets of the identified additional controls that apply to
particular use cases (e.g., FIPS 199 High or Moderate system
acquisition), as applicable.
11
12. Federal Register Notice & Request for Comment
• Joint Working Group on Improving Cybersecurity and
Resilience Through Acquisition, 79 Fed. Reg. 14042 (Mar.
12, 2014); responses due 28 Apr
• Directs readers to http://gsa.gov/portal/content/176547
– Memo for Commenters – context and caveats
– Draft Implementation Plan
• Background, assumptions, constraints, etc., process map for
implementation of recommendations
• Will include an Appendix for each recommendation
– Appendix I
• Presents a notional “model” for category definitions, including taxonomy
based on PSCs
12
13. A compelling opportunity……..
• Alliant II – The Alliant program office seeks to develop and
implement a robust set of cybersecurity protections for the
forthcoming Alliant II GWAC
– Contract Overlays
1. Develop a “cross-walk” that maps the PSCs identified as within scope
of Alliant 2 (https://interact.gsa.gov/document/interact-question-2-
%E2%80%93-product-service-codes-pscs) to the Category
definitions in the draft GSA-DoD Implementation Plan for the
recommendations included in the joint report Improving Cybersecurity
and Resilience through Acquisition
(http://www.gsa.gov/portal/content/176547).
2. Identify Cybersecurity Framework controls applicable to the Alliant
contract.
3. Identify acquisition safeguards/controls applicable to the Alliant
contract
13