Harvard Business Review (HBR)
Although cybersecurity is becoming increasingly important in organization leaders’ minds and business practices, it encompasses more than just addressing vulnerabilities in software and hardware. Kira Radinsky, the chief technology officer and cofounder of SalesPredict, emphasizes that “today’s threats are no longer confined to these two places. As organizations have come to rely more and more on data-driven algorithms, risks are increasingly present in the data itself.” While algorithm vulnerabilities may be exploited for seemingly harmless purposes like search engine optimization (SEO), they can also pose more serious consequences.
Cybersecurity much more than a compliance exercise
In a new study by Vormetric, even though 91 percent of security executives surveyed said they consider their organizations to be vulnerable to data threats, most of them (64 percent) say that “compliance is a ‘very’ or ‘extremely’ effective strategy in staving off data breaches.” According to Vormetric Chief Security Officer Sol Cates, compliance is a bare minimum security measure, which makes this data troubling. CIO reporter Kenneth Corbin discusses these and other survey results and Cates’ emphasis on the importance of classifying and protecting sensitive data.
Europe’s Top Digital-Privacy Watchdog Zeros In on U.S. Tech Giants
The New York Times
Isabelle Falque-Pierrotin, France’s top privacy regulator and head of a group of European data protection officials, is spearheading efforts “to police how digital data is transferred outside of the European Union.” Falque-Pierrotin urges companies to better protect individuals’ information, and, according to New York Times reporter Mark Scott, “the practices of American business, and tech companies in particular, are squarely in her sights.” Scott discusses Falque-Pierrotin’s recent efforts and plans.
ThreatTrack Research finds enterprises are losing ground in the defense against APTs
In ThreatTrack Security’s new survey of security professionals, 80 percent of respondents reported having the same or greater difficulty defending their networks than they had in 2013 (when the last survey was taken), an increase of 30 percent. Commonly reported difficulties included not having enough time to effectively defend their networks, not having enough budget allocated to get the right tools to do the job and not having enough skilled staff. According to ThreatTrack President John Lyons, despite positive changes in security over the last two years, security analysts remain “ill-equipped, underfunded and understaffed in their daily battle against advanced malware.”
Survey: Consumers reject companies that don’t protect privacy
Consumers’ strong privacy and security concerns are reflected in their behavior; according to a recent TRUSTe/National Cyber Security Alliance (NCSA) survey, 89 percent of respondents said they would avoid companies that don’t adequately protect their data. Additionally, nearly 70 percent of respondents said they were more concerned about “understanding data collection practices” than they were about losing income. At NCSA’s Data Privacy Day (DPD) event on Jan. 28, experts weighed in on the importance of privacy and how businesses should build consumer trust with their data practices.