Cybergovernance Journal Update – 7/22/16

by | Jul 22, 2016

Many companies still view cybersecurity as an IT-only problem. However, those who implement it with a holistic, institution-wide plan also reap the benefits of increased operational excellence.

3 Ways to “Cybernance” Your Enterprise

Cybernance Journal, July 18
What does it actually mean to manage and oversee cyber risk using a comprehensive cybergovernance framework? Cybernance as a verb shares an element of this definition, since it implies planning ahead, i.e. “deploying cyber risk defenses in advance.”

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Fixing America’s Failing Cybersecurity

LinkedIn, July 18
The irony of two articles juxtaposed in the latest Cybergovernance Journal weekly news summary was both amusing and sad. “Obama Says U.S. Must Improve Cybersecurity” was followed by “Report: China Hacked the FDIC, Officials Covered It Up.”

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The 9 Most High-Profile Breaches in the Past 12 Months

Upstart Business Journal, July 15
High-profile data breaches are happening with increasing frequency, and they’ve affected everyone from IRS taxpayers to Twitter users and even Facebook. According to security experts, more data leaks are happening through third-party data collection firms who harvest user information for marketing purposes…

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NAFCU Publishes FFIEC Cybersecurity Assessment Tool Workbook

CU Insight, July 6
“NAFCU’s new, easy-to-use Cybersecurity Assessment Tool Workbook allows credit unions to save hundreds of valuable man-hours through its self-tallying function,” said NAFCU Director of Regulatory Compliance Brandy Bruyere. “This tool will help credit union professionals gain an in-depth understanding of whether their institutions’ potential risk is affected by their activities, products and services.”

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$2.7 Million HIPAA Penalty for 2 Breaches

Info Security, July 15
OCR also alleges that OHSU failed to act in a timely manner to implement reasonable measures to address the risks it documented. OHSU also lacked policies and procedures to prevent, detect, contain and correct security violations and failed to implement a mechanism to encrypt ePHI – or take an equivalent alternative measure – on its workstations, OCR alleges.

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How to Prevent Data From Leaving with a Departing Employee

CSO, June 16
Biscom’s recent national study around data in the workplace revealed that more than one in four employees leave their job with company data. The study spotlights employees as a big security vulnerability to business data. To help prevent this, Bill Ho, CEO of Biscom, offers a few tips to minimize this threat…

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