Ransomware has changed the risk landscape for suppliers and is forcing companies to reconsider their risk relationships, says Kelly White, co-founder and CEO of RiskRecon. He discusses the correlation between cyber hygiene, ransomware and data loss.
"Credential phishing is off the charts," says Tonia Dudley of Cofense. She discusses the challenge for organizations to strike a balance between having the right controls in place to block malicious emails and stopping the business from receiving legitimate emails.
CISO Patricia "Patti" Titus says the cybersecurity sector is "still struggling" with the diversity and inclusion it requires. "The things we do really impact all of our end users, employees and customers," she says, so you need "the broadest skill set possible when you're making decisions."
Former ISACA board chair Rob Clyde shares highlights from ISACA's "Supply Chain Security Gaps: A 2022 Global Research Report," in which 25% of respondents say they experienced a supply chain attack last year, and offers recommendations for assessments and testing of software.
In the latest "Proof of Concept," Lisa Sotto of Hunton Andrews Kurth LLP and former CISO David Pollino of PNC Bank join ISMG editors to discuss the many new privacy laws in the U.S., current ransomware and scam trends, and handling the potential corporate risk of sharing information on social media.
Ten years from now, "the ability to transact on a global basis will continue," says Nick Coleman, CSO, real-time payments at MasterCard, who adds, "Maybe my car will buy stuff for me." Coleman discusses the future of digital payments and the technologies that can help secure that future.
The need for more modern identity and access management capabilities such as biometric and passwordless authentication has been amplified by the COVID-19 pandemic and the shift to remote work, according to Forrester researchers Paul McKay and Merritt Maxim.
When building an insider risk management program, don't start "too large or too quickly," says Randy Trzeciak of Carnegie Mellon University. He says the first step is to protect your organization's critical assets and services and then "build a risk program appropriate to those assets."
Ronald Raether of Troutman Pepper says privacy, data security and information governance departments must collaborate to reduce unauthorized access to systems by criminals and make data operationalization more effective. He also says proper data mapping, governance and classification are critical.
CTO Daniele Catteddu of the Cloud Security Alliance sees significant gaps in how the cybersecurity industry delivers education and training. For example, he says, while organizations are demanding Zero Trust services and guidance on implementation, the industry's offerings do not meet that demand.
The overlying problem in cybersecurity is scale and the complexity that comes from that scale, says Philip Reitinger, president and CEO of the Global Cyber Alliance. He says we need to simplify how we defend ourselves and "give individuals and companies products that meet them where they are."
Publicly traded companies will need to beef up their cybersecurity knowledge since the the U.S. Securities and Exchange Commission is proposing rules and guidelines that would mandate more stringent oversight of cyber risk, says Roger Sels, former vice president of cyber solutions for BlackBerry.
Crum & Forster CISO Chris Holden says it's critical to see cybersecurity as a business enabler rather than a business inhibitor. He is taking on the perception that security is the "Department of No" and works hard to change the culture at his company.
Evolving to a zero trust architecture can be overwhelming for organizations, leaving many unsure of where they should even start. Cloudflare Chief Security Officer Joe Sullivan urges CISOs to break the journey into bite-sized chunks that can be easily digested.
Interest in passwordless authentication architecture continues to grow among U.S. government agencies and departments as they embrace more modern approaches to identity and access management, says Sean Frazier, federal chief security officer at Okta.
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