NAVIGATING THE DIGITAL AGE: The Definitive Cybersecurity Guide for Directors and Officers

| October 1, 2014

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The New York Stock Exchange has long advocated that exemplary governance and risk oversight is fundamental to the health of individual companies, as well as to the sound operation of our capital markets. In other words, we too take the threat very seriously. Today, managing cybersecurity risk has expanded far beyond the realm of IT; it has become a business continuity necessity to ensure shareholder value remains intact and that privacy and corporate intellectual property is protected. Accordingly, those responsibilities are weighing heavily on corporate executives and directors, making it vital for them to better understand and prepare for the evolving cybersecurity landscape.

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Sentinel Technologies

When it comes to achieving a tangible ROI and sustainable performance from your IT environment, Sentinel takes the lead. Even as our services have spanned generations of technology, Sentinel has stayed at the forefront of IT developments and maintained a singular focus on providing practical and innovative solutions. With single-source accountability, Sentinel processes and teams can efficiently address a range of IT needs – from communications, to data center, to cloud and managed services.

OTHER ARTICLES

Cybersecurity Must Be Embedded in Every Aspect of Government Technology

Article | March 17, 2020

Cybersecurity has never been more important for every level of our government. The hacking attempts at major federal agencies have raised the profile of nefarious actors who use their highly advanced cyber skills to exploit both security and the vulnerabilities created by human error. Just last month, the Department of Defense confirmed that computer systems controlled by the Defense Information Systems Agency had been hacked, exposing the personal data of about 200,000 people. Additionally, the Department of Justice recently charged four members of the Chinese military for their roles in the 2017 Equifax breach that exposed the information of 145 million Americans. The hackers were accused of exploiting software vulnerability to gain access to Equifax’s computers. They are charged with obtaining log-in credentials that they used to navigate databases and review records.

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CYBERSECURITY AND CORONAVIRUS: KEEPING YOUR BUSINESS SAFE

Article | March 19, 2020

Measures to mitigate the outbreak of COVID-19 have led to an unprecedented increase in remote working across the board. Our guest author Philip Blake, European Regional Director at EC-Council and cybersecurity expert, outlines key challenges and tips for staying secure while away from the office. As governments and businesses work on mitigating the impact of the ongoing COVID-19 outbreak, social distancing measures are leading to an increase in remote working across all sectors. The reasoning behind the measures is best left to health authorities, and are discussed at length elsewhere. The purpose of this article is to shed light on some of the key cybersecurity challenges around the sudden spike in remote work arrangements, and propose potential measures to keep networks as secure as possible during these times.

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As Ransomware Surge Continues, Where Next for Government?

Article | August 30, 2021

Global leaders want to carve out specific areas of critical infrastructure to be protected under international agreements from cyber-attacks. But where does that leave others? There are ‘four or five steps you could take that could significantly mitigate this risk,’ Falk said. These are patching, multifactor authentication and all the stuff in the Australian Signals Directorate's Essential Eight baseline mitigation strategies. …” Back in April of this year, a BBC News headline read, "The ransomware surge ruining lives." And that was before the cyber-attacks on critical infrastructure sectors like Colonial Pipeline, meat-processing giant JBS, the Irish Health Service and so many others. And when President Biden met with Russian President Putin last month in Geneva, he declared that certain critical infrastructure should be “off-limits” to cyber-attacks. “We agreed to task experts in both our countries to work on specific understandings about what is off-limits,” Biden said. “We’ll find out whether we have a cybersecurity arrangement that begins to bring some order.” As an initial positive step forward, this cyber defense policy makes sense. In fact, most global experts applaud these moves and efforts to better protect and clarify international crimes in cyberspace. Previous administrations going back to George W. Bush have taken aggressive steps to ensure critical infrastructure is protected in the U.S. and around the world through actions involving people, process and technology, both offline and online. The 16 critical infrastructure sectors identified by DHS/CISA can be found here. Still, many questions remain regarding this new policy: Will all global governments actually agree on the wording? More importantly, even if they do agree, how will the agreements be enforced? Also, what happens if some countries continue to allow criminals to attack these critical infrastructure sectors from their soil? And my main question goes further: Even if all of these agreements and actions are 100 percent agreed upon and enforced, which most people don’t believe will happen, does this imply that every organization not covered under these 16 critical infrastructure sectors can be openly attacked without a response? Is this giving into cyber criminals for everyone else? For example, would K-12 schools or small businesses be “fair game” and not off limits? Could this actually increase attacks for any organization not considered on the CISA list? No doubt, some will say that schools are a part of government, and yet there are private schools. In addition, if we do cover all others somehow, perhaps as a supplier of these 16 sectors, doesn’t that make the “off-limits” list essentially meaningless? Essentially, where is the line? Who is included, and what happens when some nation or criminal group crosses the line? These questions became more than an intellectual thought exercise recently when the Kaseya ransomware attack impacted more than 1,500 businesses, without, in their words, impacting critical infrastructure. CBS News reports, “Still, Kaseya says the cyber-attack it experienced over the July 4th weekend was never a threat and had no impact on critical infrastructure. The Russian-linked gang behind the ransomware had demanded $70 million to end the attack, but CNBC reported that the hackers reduced their demands to $50 million in private conversations. "The Miami-based company said Tuesday that it was alerted on July 2 to a potential attack by internal and external sources. It immediately shut down access to the software in question. The incident impacted about 50 Kaseya customers.” OTHER RECENT RANSOMWARE NEWS Meanwhile, in a bit of a surprise, ransomware group REvil disappeared from the Internet this past week, when its website became inaccessible. As Engadget reported, “According to CNBC, Reuters and The Washington Post, the websites operated by the group REvil went down in the early hours of Tuesday. Dmitri Alperovitch, former chief technology officer of the cyber firm CrowdStrike, told The Post that the group's blog in the dark web is still reachable. However, its critical sites victims use to negotiate with the group and to receive decryption tools if they pay up are no longer available. Visitors to those websites now see a message that says ‘A server with the specified host name could not be found.’" CNBC reported: “There are 3 main possibilities for the criminal gang’s disappearance — each of which carries good and bad news for U.S. efforts to combat the ransomware scourge emanating from Russia. The Kremlin bent under U.S. pressure and forced REvil to close up shop. U.S. officials tired of waiting for Kremlin cooperation and launched a cyber operation that took REvil offline. REvil’s operators were feeling the heat and decided to lay low for a while. "This situation may send a message to some of the players that they need to find a less-aggressive business model, which could mean avoiding critical infrastructure, or it could mean avoiding U.S. targets.” Also, the Biden administration announced several other measures to combat ransomware: “The Biden administration will offer rewards up to $10 million for information leading to the identification of foreign state-sanctioned malicious cyber activity against critical U.S. infrastructure — including ransomware attacks — and the White House has launched a task force to coordinate efforts to stem the ransomware scourge. "It is also launching the website stopransomware.gov to offer the public resources for countering the threat and building more resilience into networks, a senior administration official told reporters.” And yet, many experts are still predicting that ransomware will continue to grow in the near future. For example, TechHQ wrote that “identifying the culprits often isn't as big an obstacle as apprehending them.” To show recent growth of ransomware attacks, Fox Business offered details on a Check Point report this past week that “ransomware attacks surge, growing 93 percent each week.” Also: “'The ransomware business is booming. We’re seeing global surges in ransomware across every major geography, especially in the last two months,' said Lotem Finkelstein, head of threat intelligence at Check Point Software. 'We believe the trend is driven by scores of new entrants into the ransomware business.'" For more background on this hot topic, a few weeks back I appeared on MiTech News to discuss the ransomware crisis. FINAL THOUGHTS I’d like to close with this article which offers a slightly different perspective on ransomware from ZDNet Australia: “The threat of ransomware dominates the cyber news right now, and rightly so. But this week Rachael Falk, chief executive officer of Australia's Cyber Security Cooperative Research Centre, made a very good point. Ransomware is ‘Totally foreseeable and preventable because it's a known problem," Falk told a panel discussion at the Australian Strategy Policy Institute (ASPI) on Tuesday. ‘"It's known that ransomware is out there. And it's known that, invariably, the cyber criminals get into organisations through stealing credentials that they get on the dark web [or a user] clicking on a link and a vulnerability," she said. ‘We're not talking about some sort of nation-state really funky sort of zero day that's happening. This is going on the world over, so it's entirely foreseeable.’" Article Orginal Source: https://www.govtech.com/blogs/lohrmann-on-cybersecurity/as-ransomware-surge-continues-where-next-for-government

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How Organizations can prepare for Cybersecurity

Article | April 22, 2020

According to a Gartner study in 2018, the global Cybersecurity market is estimated to be as big as US$170.4 billion by 2022. The rapid growth in cybersecurity market is boosted by new technological initiatives like cloud-based applications and workloads that require security beyond the traditional data centres, the internet of things devices, and data protection mandates like EU’s GDPR. Cybersecurity, at its core, is protecting information and systems from cyberthreats that come in many forms like ransomware, malware, phishing attacks and exploit kits. Technological advancements have unfortunately opened as many opportunities to cybercriminals as it has for the authorities. These negative elements are now capable of launching sophisticated cyberattacks at a reduced cost. Therefore, it becomes imperative for organizations across all industries to incorporate latest technologies to stay ahead of the cybercriminals. Table of Contents: - What is the cybersecurity scenario around the world? - Driving Management Awareness towards Cybersecurity - Preparing Cybersecurity Workforce - Cybersecurity Awareness for Other Employees - Conclusion What is the cybersecurity scenario around the world? Even as there has been a steady increase in cyberattacks, according to the 2018 Global State of Information Security Survey from PwC: 44% companies across the world do not have an overall information security strategy, 48% executives said they do not have an employee security awareness training program, and 54% said they do not have an incident response process. So, where does the problem lie? Many boards still see it as an IT problem. Matt Olsen, Co-Founder and President of Business Development and Strategy, IronNet Cybersecurity. Cybersecurity The greater responsibility of building a resilient cybersecurity of an organization lies with its leaders. There is a need to eliminate the stigma of ‘risk of doing business lies solely with the technology leaders of an organization. Oversight and proactive risk management must come under CEO focus. According to the National Association of Corporate Directors' 2016-2017 surveys of public and private company directors, very few leaders felt confident about their security against cyberattacks, perhaps due to their lack of involvement into the subject. Driving Management Awareness towards Cybersecurity • Gain buy-in by mapping security initiatives back to business objectives and explaining security in ways that speak to the business • Update management about your current activities pertaining to the security initiatives taken, recent news about breaches and resolve any doubts. • Illustrate the security maturity of your organization by using audit findings along with industry benchmarks such as BSIMM to show management how your organization fares and how you plan to improve, given their support. • Running awareness program for your management regarding spear-phishing, ransomware and other hacking campaigns that aim for executives and teach how to avoid them. The bottom line is that leaders can seize the opportunity now to take meaningful actions designed to bolster the resilience of their organizations, withstand disruptive cyber threats and build a secure digital society. The bottom line is that leaders can seize the opportunity now to take meaningful actions designed to bolster the resilience of their organizations, withstand disruptive cyber threats and build a secure digital society.. Pwc READ MORE: WEBROOT: WIDESPREAD LACK OF CYBERSECURITY BEST PRACTICES /11029 Preparing Cybersecurity Workforce Hackers are able to find 75% of the vulnerabilities within the application layer. Thus, developers have an important role to play in the cybersecurity of an organization and are responsible for the security of their systems. Training insecure codingis the best way to raise their cybersecurity awareness levels. Raising Cybersecurity Awareness in Developers: • Training developers to code from the attackers’ point of view, using specific snippets from your own apps. • Explain in-depth about vulnerabilities found by calling remedial sessions. • Find ways to make secure coding easier on developers, like integrating security testing and resources into their workflow and early in the SDLC/ • Seek feedback from developers on how your security policies fit into their workflow and find ways to improve. Cybersecurity Awareness for Other Employees According to the Online Trust Alliance’s2016 Data Protection and Breach Readiness Guide, employees cause about 30% of data breaches. Employees are the weakest link in the cybersecurity chain. But that can be changed by creating awareness and educating them on the risks surrounding equipment, passwords, social media, the latest social engineering ploys, and communications and collaboration tools.Make standard security tasks part of their everyday routine, including updating antivirus software and privacy settings, and taking steps as simple as covering cameras when they end a video conference call. Conclusion: The technological advancements are moving faster than anF-16, so the measure are by no means exhaustive. The important thing is to keep pace with numerous cybersecurity measures to not fall prey to a cyberattack. Every organizational level plays an important role in achieving a matured security infrastructure, thus making awareness and participation mandatory. Organizations should consider a natively integrated, automated security platform specifically designed to provide consistent, prevention-based protection for endpoints, data centers, networks, public and private clouds, and software-as-a-service environments READ MORE: A 4 STEP GUIDE TO STRONGER OT CYBERSECURITY

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Spotlight

Sentinel Technologies

When it comes to achieving a tangible ROI and sustainable performance from your IT environment, Sentinel takes the lead. Even as our services have spanned generations of technology, Sentinel has stayed at the forefront of IT developments and maintained a singular focus on providing practical and innovative solutions. With single-source accountability, Sentinel processes and teams can efficiently address a range of IT needs – from communications, to data center, to cloud and managed services.

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