Will the Internet of Things always be so vulnerable?

The Internet of Things (IoT) has undergone an amazing transformation, from a pipe dream to a marketing buzzword, and now an impending reality. Recent estimates expect the number of internet-connected devices to reach 26 billion by 2020, with some studies suggesting an even higher output. With an exponential increase in devices communicating with us, other devices, and with the internet at large, how can anyone keep private information safe? …

In 2015, more than 165 million personal records were exposed, through cybersecurity breaches over the course of the year. A staggering 64 per cent of Americans have been personally affected by a major data breach. It’s no longer a question of “if” cyber criminals will target you — it’s a matter of “when.”

Cyberattacks have not only become common, they’ve also become exponentially more dangerous, as we connect more and more of our devices to global networks. The large majority of cybersecurity professionals are concerned about the potential weaponisation of IoT, and only 30 per cent of them believe their organisations are fully prepared for the risks inherent in IoT. Furthermore, experts feel only one out of every ten IoT devices has adequate security measures. …

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German cybersecurity chief: Army attacked over 284,000 times this year

Computers belonging to the German army were attacked by hackers close to 300,000 times in the first few weeks of this year, Ludwig Leinhos, the new head of cyber command of the German army, told Bild Sunday.

Leinhos, who took charge of the German army’s cyber unit on Saturday, said that in future, wars could be won and lost online and Germany must prepare for the worst.

“From hacker attacks to state attacks, we must be prepared for everything,” Leinhos said. “In the first nine weeks of this year alone, the Bundeswehr computers were attacked more than 284,000 times.”

Bild reported that 13,500 computer specialists will be working within the cybersecurity wing of the German army in response to the threat. …

Source: German cybersecurity chief: Army attacked over 284,000 times this year

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BlackBerry Partners with a Leading Insurance Provider to Boost Enterprises’ Cybersecurity

It’s a truth most of us would just as soon forget. Technology trends such as enterprise mobility and the Internet of Things attracts not only the productivity minded, but those with darker motives. I’m talking about hacking, malware, data breaches, and more. Already, the annual cost of data breaches sits at somewhere around $400 billion, and could climb as high as $2.1 trillion globally by 2019.

Businesses know that the need for better security has never been more pressing. So does BlackBerry. It’s why we’ve dedicated ourselves to securing, connecting and mobilizing the Enterprise of Things. It’s why we’ve unified our software portfolio into one of the most comprehensive security offerings on the market. It’s why we launched our highly-regarded Professional Cybersecurity Services Practice and are partnered with leading security consultancies such as Giuliani Partners.

And it’s why we’re proud to announce that we’ve signed a new agreement with Allied World Assurance Company Holdings. A global, multi-billion-dollar provider of insurance and reinsurance solutions, Allied World will incorporate our BlackBerry SHIELD security self-assessment tool into its FrameWRX cyber risk management solution. Designed to help Allied World’s corporate policyholders assess their privacy measures and network security, FrameWRX also connects them with a select group of vendors to address any issues they uncover. …

Source: BlackBerry Partners with a Leading Insurance Provider to Boost Enterprises’ Cybersecurity

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Businesses falling short in cyber security planning

A report has revealed that many businesses do not have a formal cyber security strategy.

The report published by the Institute of Directors and Barclays found that small, medium and large firms need to consider the best way to protect themselves against what might be the defining challenge for business.

The report said: “Government, too, needs to do more to point busy business leaders towards existing schemes and advice, and making schemes more relevant.

“Ultimately, however, this is a matter for business – in a digital economy, it’s the equivalent of installing a burglar alarm.”

The report was based on a survey of 844 IoD members in December 2016 and found that although respondents were aware of the threat presented by cyber crime, only half had protected all their devices.

Four out of ten respondents said they would not know who to contact in the event of a cyber attack. The report pointed out this would be crucial for compliance with the EU General Data Protection Regulation (GDPR) which comes into play on 25th May 2018 – and introduces mandatory data breach notification. …

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How Companies Can Stay Ahead of the Cybersecurity Curve

… Cyberattacks can interrupt business operations, hurting companies’ bottom lines, and can infringe upon the privacy and other human rights of consumers and the general public. Right now, there isn’t much regulation around companies’ cybersecurity practices. For example, Congress has not required that Internet of Things devicesaccept security updates, nor that consumer information be fully encrypted to limit the effects of a data breach. A Federal Communications Commission rule that would have required internet service providers to protect customers’ information has been halted.

We did see some progress under the Obama administration. State governments are continuing the effort. And forward-thinking companies are beginning to apply concepts like active defense and corporate social responsibility to cyberspace. As cybersecurity regulations take shape, companies can choose to stay in the vanguard of progress – or simply react, following the rules as they develop. 

Source: How Companies Can Stay Ahead of the Cybersecurity Curve

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