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ROUNDTABLE: Will massive Equifax breach be the wake up call for companies, regulators, consumers?

By Byron V. Acohido The pain has only just begun for Equifax. Last Thursday, the giant credit bureau disclosed that hackers stole personal information for 143 million of its customers, presumably mostly Americans, but also Canadians and Europeans. In less than 24 hours, two Oregonians, Mary McHill and Brook Reinhard, filed a federal class-action lawsuit […]

Q&A: Why the HBO hack is destined to accelerate the fledgling cyber insurance market

By Byron V. Acohido Following on the heels of the two globe-spanning ransomware worms, the HBO hack—with its distinctive blackmail component—rounds out a summer of extortion-fueled hacks and destruction and theft of valuable data at an unprecedented scale. WannaCry and Petya raced around the planet demanding ransoms after locking up servers at hundreds of organizations. The HBO […]

Q&A: Why WannaCry signals a coming wave of nation-state cyber weapon hacks

By Byron  V. Acohido Companies would be remiss to downplay the profound implications of last month’s headline-grabbing WannaCry ransomware attack. WannaCry was a mere harbinger; the tip of the iceberg. WannaCry happened a few weeks after the Shadow Brokers hacking collective stole dozens of the National Security Agency’s ace-in-the-hole hacking tools. Shadow Brokers futilely tried […]

Q&A: Why you should think twice about taking your laptop, smartphone on business travel

By Byron Acohido International business travelers take heed: Starting now, and even more so going forward, you’ll need to carefully consider how your computing devices serve as a conduit to sensitive company data. This includes everything stored directly on your smartphones and laptops—and everything reachable from your personal computing devices that may be stored in […]

Q&A: NYDFS cybersecurity rules have teeth, set precedent

By Byron V. Acohido ’Twas a few days before Christmas 2016, and the banking and insurance industries were in a tizzy. The New York State Department of Financial Services was on the verge of spoiling the holidays for these verticals by implementing an unprecedented set of rules requiring financial services firms to adopt first-class cybersecurity […]

Q&A PODCAST: The caring, feeding and replenishing of modern-day botnets

Byron V. Acohido Part of the reason cyber attacks remain unstoppable is because our own computing devices help supply the bad guys’ processing power—as part of botnets. A bot is a computing nodule with a small bit of coding that causes it to obey instructions from a command and control server. A botnet is a network of thousands upon thousands of […]

Q&A: Why we need to downplay intense rivalries — to improve cybersecurity

By Byron V. Acohido Imagine if no one in your organization felt compelled to compete for an operating budget, and each and every employee fully understood and embraced cybersecurity best practices? Sound like a far-fetched fantasy? A security consultancy called New Context Services actually is promoting this radically new type of corporate culture, which it […]