Cybergovernance Journal Update – 6/10/16

by | Jun 10, 2016

One of the more common cyber attacks, phishing, is on the rise and many times it is coupled with ransomware. This is one of many reasons that, by 2020, most digital businesses will be affected by major service failures. These problems are further compounded as companies begin to use infrastructure not under their control.

Underwriting Cyber Insurance: The 3 P’s of Cyber Risk

Cybergovernance Journal, June 6
Imagine that you’re responsible for underwriting the risk posed by prospective cyber insurance customers. How would you go about it? When should external vulnerability ratings be used, and when are internal defensive measure assessments more appropriate?

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Phishing Attacks Soar in Record-Making Surge

BusinessWire, May 24
The Anti-Phishing Working Group (APWG) observed more phishing attacks in the first quarter of 2016 than at any other time in history… quarterly and monthly totals are the highest the APWG has seen since it began tracking and reporting on phishing in 2004.

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60% of Digital Businesses Face Service Failures by 2020: Gartner

The Economic Times, June 6
“Cyber security is a critical part of digital business with its broader external ecosystem and new challenges in an open digital world,” said Paul Proctor, Vice President and Distinguished Analyst at Gartner. Digital ethics, analytics and a people-centric focus will be as important as technical controls.”

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ISACA Targeting Women, Young Professionals to Close Cybersecurity Skills Gap

Federal News Radio, June 6
With security breaches on the rise, the need for qualified, skilled cybersecurity professionals is greater than ever. Eddie Schwartz, the chairman of ISACA’s Cybersecurity Advisory Council and COO of WhiteOps, said there is a shortage of more than a million professionals worldwide dating back several years that must be addressed immediately.

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Report: 93% of Phishing Emails Contained Ransomware

SC Magazine, June 6
The study found 6.3 million phishing emails in Q1 2016, a volume of phishing emails that increased by 789% from the previous 3-month period. Another study found that 46% of information technology decision makers said their company was “significantly” affected by malware, including phishing, ransomware, DDoS, APT, or other attacks.

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Is the Vulnerability Warning Bubble About to Burst?

State of Security, May 31
Executives rely on their security teams to explain a problem in language that they can understand and in terms that are relevant to their business. While there is plenty of business jargon that we can criticize, none of it rises to the level of the arcane acronyms that have been the problem of the computer profession for years.

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