Increased engagement from boards on digital transformation initiatives around cloud and AI adoption has spurred greater investment in cybersecurity, said Google Cloud CISO Phil Venables. Systems built and designed decades ago have become increasingly difficult to secure, he said.
This week, ISMG editors covered the hot topics at ISMG's London Cybersecurity Summit 2023, including the technical landscape of AI, executive liability, incident response strategies in the face of a global ransomware attack and how to build personal resilience to avoid burnout.
Enterprises are grappling with constantly changing technologies and new stakeholders, making it hard for security teams to achieve both cyber maturity and long-term sustainability. Standardization plays a critical role in cyber resilience, said Sunil Varkey, former CISO of Wipro and Idea Cellular.
The Ukraine war underscores the threats posed by cyberwarfare. India faces its own threats, which means public and private sectors need to work together to defend against nation-state attacks, according to retired Lt. Cdr. Antony KM, vice president of internal audit and cybersecurity at NAB India.
Growing reliance on both AI and generative AI is posing new challenges to CISOs. For example, CISOs have limited visibility into how certain large language models were packaged, making it difficult for them to spot security and privacy risks, said Chandan Pani, CISO at LTIMindtree.
In the latest weekly update, four editors at ISMG discuss important cybersecurity and privacy issues, including how to keep assets secure in the quantum era, when common usernames pose a cybersecurity threat, and how to strike the right balance between regulation and innovation in AI.
Synthetic ID fraud is nothing new, but it is expanding beyond fraudulent bank accounts to identity scams for auto loans. Many organizations fail to understand the link between data breaches and fraudulent IDs, said Jason Lord, vice president of product marketing at TransUnion.
In the latest weekly update, ISMG editors discuss the state of cybersecurity market resilience in 2023, why U.S. federal regulators publicly named 130 healthcare firms using web trackers and how SentinelOne ended its partnership with startup Wiz amid takeover discussions.
Perimeter 81's ease of deployment and embrace of a cloud-based architecture made it stand apart from other secure remote access offerings, according to Check Point Software CEO Gil Shwed. The deal will help Check Point build a scalable network foundation that extends to thousands of users.
The lack of an understanding of what constitutes first-party lending fraud is causing massive losses at banks. Anna Bleazard, head of Singapore and South East Asia in financial crime compliance at FTI Consulting, recommends that banks intervene as early as possible.
New regulations, including those coming into effect in the U.S., are pushing many medical device makers to radically reconsider how they approach cybersecurity for their products - including air gapping connections, said Phil Englert of the Health Information Sharing and Analysis Center.
It is increasingly important for healthcare entities to carefully examine their cyber and other insurance policies to see what risks are covered in the event of a cyber incident, especially as the threat landscape continues to evolve, said attorney Peter Halprin, a partner at law firm Pasich LLP.
In the latest weekly update, Jeremy Grant of Venable joins three ISMG editors to discuss why the U.S. government is taking a back seat on digital identity issues, the risks of artificial intelligence, and takeaways from the U.S. Cyber Safety Review Board's recent report on cybercrime group Lapsus$.
The new U.S. reporting requirements will force publicly traded companies in industries outside of financial services with fewer regulations to improve their security practices. Snyk CEO Peter McKay advised public companies in possession of credit card numbers or other PII to level up.
IoT and OT devices, which include network-attached storage devices, hold valuable data that ransomware groups seek to compromise. NAS devices are often exposed on the internet and lack the robust security measures found in other endpoints, said Daniel dos Santos of Forescout Technologies.
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