David Rea

As we have seen throughout the county, if the proper “tone from the top” is not emphasized or proper policies/procedures implemented and adhered to throughout, the company’s reputation, assets, stock values could be harmed tremendously. Some smaller enterprises might not be able to sustain a cyberattack and

The issue of strong cybersecurity efforts in the United States has been especially topical in 2017, and on the rise over the last few years. The Equifax breach and the breaching of the Democratic Party during the 2016 Presidential Election are recent examples that are bringing up the conversation of cybersecurity and make citizens curious of whether or not the United States government has plans in place to deter these events from happening. People are already worried about the damages these attacks can cause with consequences such as stolen information or monetary loss of close to five billion dollars in 2017 alone (cybersecurityventures.com). Although there are already solid plans in place to raise cybersecurity efforts in the United

As such, our company’s people resources pose the greatest risk for security breach. Our way to help mitigate risk in this area is to keep communication lines open in this area and to continually mandate security knowledge training, with mandatory updates on a regular basis. When the employees are informed of company policy when facing a security matter, they are better equipped to act in the best or right way. In this way knowledge is power – or at least empowerment to act in the best interest of the company’s information security.

Information technology can be very costly, and it is imperative for organizations not to overspend when it comes to their IT budget. However, it is vital for organizations to understand the risks associated with information technology. As we saw in the TJX case, TJX’s senior management did not update their systems and had very little IT knowledge. This led to multiple risks involving several security breaches which could have been contained by improving their information systems more efficiently. It is not just developing and implementing information technology; it is also understanding risks and formulating solutions to issues associated with IT. In Adventures of an IT Leader, Barton faced many challenges when it came to the budget of IVK. He assumed full responsibility for all the risks associated with the technology used and the IT budget. When the power shut off at IVK, Barton was faced with many challenges including possible customer records compromised, IVK’s systems infected, and deciphering solutions to secure the system. Barton suggested that IVK shut down operations to build a new and secure system to ensure IVK’s systems could identify where the infection originated and repairing the system for future

In regards to the attack "at this point is best directed to Target." An expert with a global firm that assist companies responding to and mitigating breaches he said while he could not address the Target situation specifically, most companies — large and small — are generally under-prepared when they are faced with a breach. The most important thing is that the attack or breach be addressed quickly, to assist with getting information out to those whom are affected and to regulators, to bring in the right experts to address the breach (such as forensics experts who can stop cyberattacks) and to help preserve the public's trust in the

“In reaction to these challenges, they’re being more proactive about preventing security incidents and breaches by learning about new threats, regularly educating employees about risks, and investing in more advanced security solutions,” says Sanjay Castelino, vice president at Spiceworks, a professional network for the IT industry.

A recent increase in large scale data breaches has exposed a multitude of cybersecurity vulnerabilities that pose a definite risk to consumers (Lorio, 2017). In some cases, a data breach can distress an establishment so much that other organizations experience a backlash from the repercussions (Kosseff, 2011). The Equifax data breach of 2017 is a perfect example of this kind of event as it caused an overwhelming economic repercussion that affected other major corporations and more than 143 million credit card customers worldwide (Janakiraman, Lin, & Rishika, 2018).

A recent increase in large scale data breaches has exposed a multitude of cybersecurity vulnerabilities that pose a definite risk to consumers (Lorio, 2017). In some cases, a data breach can distress an establishment so much that other organizations experience a backlash from the repercussions (Kosseff, 2011). The Equifax data breach of 2017 is a perfect example of this kind of event as it caused an overwhelming economic repercussion that affected other major corporations and more than 143 million credit card customers worldwide (Janakiraman, Lin, & Rishika, 2018).

Why is it important that every nation has a cyber security strategies? The past decade multiple company national or international have faced cyber security threats. Either sensitive government information or individual’s information has been compromised. Cyber security issues have developed into a significant national level where now it requires government consideration. In this analysis we will compare Europe and the Commonwealth on how they approach the national and international cyber security strategies.

After analyzing and investigating these three cases handled by major companies, it is clear that both eBay and Home Depot did outstanding jobs in successfully solving their problem. EBay and Home Depot took quick actions and engaged in a series of analyses to identify the cause of cyber attacks. This step allowed them to have better understanding of the natures of the attack in order to find the applicable solution later on. Keeping customers updated, sending regular warnings, and being open to the public and the media about the attacks were all fruitful techniques that reflected the good standing of these companies. Also, both of these companies adopted new techniques and made immediate changes to

In the previous five years, cybersecurity has turned into the most looked for after calling around the world. More than 90 percent of respondents to an overview directed by the Ponemon Institute (2011) detailed being a casualty to cyberattacks amid the most recent year, costing all things considered more than $2 million for each association. This number keeps on ascending as the two programmers and security devices progress. As indicated by PwC, roughly 33% of all U.S. organizations are as of now utilizing digital protection (Lindros and Tittel, 2016).

Think of your organizational assets from the eyes of an attacker motivated by crime, espionage, hacktivism and even warfare. In other words, what are our Top Threats and how do we know? Interview the Chief Risk Officer and Business Unit leadership and ask them “what keeps you up at night?”. Then tie these answers to Corporate objectives and strategies in a Risk Register.

Good security management requires risk management to mitigate or reduce risk to an acceptable level within an organization. Security management’s objective is to protect the company and its assets. A proper risk analysis will identify the company’s major assets, threats that put those assets at risk, and estimate the possible damage and loss a company may endure if any of the threats were to become real. With a good risk analysis, management can determine the type of budget they want to set to mitigate threats. Risk analysis justifies the cost of the countermeasures against the threats and determines the benefit or worth of security

The frequency and severity of cyber-attacks on maritime targets increases every year. Often the damage is not discovered until years later. The cyber-attack on the port of Antwerp began in 2011 and continued until it was discovered in 2013. The Danish Maritime Authority was attacked in 2012 by a virus contained in a PDF (portable document format by Adobe). The virus spread throughout the Maritime Authority’s network and into Danish government institutions before it was discovered in 2014. Reasons for the ever-increasing security exposure include the growing use and interdependence of computer systems, the relative ease and extreme value of executing attacks, and the exceptional difficulty in identifying the culprits and bringing them to justice. Regrettably, some port authorities contribute to their vulnerability by addressing cyber-security as a technology threat best left to IT professionals. On the contrary, successful and serious cyber-attacks are inevitable and the planned response must be subject to the same governance and scrutiny that any existential threat would receive. One reason that port authorities hesitate to engage cyber-threats at the Board level is a lack of appreciation for just how impossible cyber-security is. A more complete understanding of the factors that complicate cyber-security can assist Directors in stepping up to set priorities and oversee contingency and remediation plans.

In order to effectively implement security governance, the Corporate Governance Task Force (CGTF) recommends that organizations follow an established framework, such as the IDEAL framework from the Carnegie Mellon University Software Engineering Institute. This framework, which is described in the document “Information Security Governance: Call to Action,” defines the responsibilities of (1) the board of directors or trustees, (2) the senior organizational executive (i.e., CEO), (3) executive team members, (4) senior managers, and (5) all employees and users. This important document can be found at the Information Systems Audit and Control Association (ISACA) Web site at www.isaca.org/ContentManagement/ContentDisplay.cfm?ContentID=34997.