Everyone Loves Donuts, Especially Hackers

WannaCry, NotPetya, and TRITON demonstrate that ICS and IIoT networks continue to be soft targets for cyberattacks, increasing the risk of costly downtime, safety failures, environmental incidents, and theft of sensitive intellectual property. NIST and the NCCoE recently published a NIST Interagency Report (NISTIR) demonstrating how off-the-shelf, ICS-aware behavioral anomaly detection (BAD) effectively reduces cyber risk for manufacturing organizations, without impacting OT networks, as well as risk from equipment malfunctions.

While the GDPR and Schrems II mandates accelerated the need for external key management solutions in Europe, it is clear that these needs are expanding to become global requirements. Other countries and even states are jumping into the fray with clear specifications for safeguarding Personally Identifiable Information (PII). For example, Schrems-II doesn’t allow keys that provide access to the encrypted data, to be hosted outside of the European Economic Area (EEA). Privacy and compliance are calling the shots on the data protection lifecycle.

In the era of globalization, as the international division of labor goes deeper, the industrial development shifts from “manufacturing economy to service economy” and “from hardware manufacturing to soft manufacturing.” The manufacturing industry aims to enhance its international competitiveness with the added value created by the service industry. As a major producer of global ICT products, Taiwan plays an important role in the security industry supply chain during the China-U.S. trade war. It is high time Taiwan develops “Internet of Things Security” and “Secure Internet of Things” with its complete semiconductor industry supply chain. To grasp this opportunity, Taiwanese manufacturers are striving to become not only product suppliers but also cyber security solution providers by taking advantage of the global cyber security research and development. By offering products with distinguishing cyber security functions to customers based on their needs, Taiwanese manufacturers are expecting to create higher added value.

A new year brings new threats, new exploits—and new MSP opportunities in cybersecurity. Understanding global technology trends and cyberthreats like ransomware can help you successfully deliver security as a service to your clients. Auvik AVP of product management Patrick Albert talks with Tayler Feigl, Channel Development Manager, APAC at Datto to discuss key findings in Datto’s annual State of the Channel Ransomware Report, the result of interviewing 100,000 small to mid-sized business (SMBs) around the globe. You’ll hear what your MSP peers are doing to prepare, protect, and recover against ransomware, and investigate how you can use these findings to sell cybersecurity as part of your managed services offering.