Page 6 - Security Today, June 2018

INDUSTRY FOCUS With Ralph C. Jensen, Editor-in-Chief
Catching the
ACybersecurity Wave
few months ago I attended a se- porting cybercrime to police, Bagnall said, curity event in Atlanta that was which impairs law enforcement’s ability to go primarily focused on cyberse- after criminals.
curity and learned a number of “Corporations are concerned about their
things to share.
At the GC&E Systems Group event in
Atlanta, the conversation was about cyberse- curity because the network is involved. Just in case you are not familiar with GC&E, they are a Georgia-based company that specializ- es in integrated security solutions, integrated electronic security solutions and telecom- munications consulting. They also play in the IT world, hence the topic for the one-day conference.
John Gomez, the CEO of Sensato Cyber- security Solutions, talked about the state of cybersecurity. He said 67 percent of all em- ployees leaving a job steal information on the way out the door. Even more noteworthy, 80 percent of banks fail to catch fraud.
The real stunning number is that it takes businesses as much as 265 days to detect a network breach.
Kenrick Bagnall, a deputy constable and police investigator with the Toronto Police Department, offered the anatomy of a cy- berattack, beginning with a risk assessment. Among the threat considerations, managers must understand system susceptibility.
“When a small or medium-sized business is attacked, 60 percent of those firms will go out of business within six months,” Bagnall said. “An attack on a smaller business has huge collateral damage. The weakest link in all this is the human factor.”
Organizations are too afraid about re-
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reputation, their stock price and share valu- ation, and these are the things that prevent them from coming to law enforcement early in the process,” Bagnell said. “The sooner an individual or a corporation comes to law en- forcement it increases the chances of a posi- tive result tremendously.”
So, what are the next generation strate- gies to fight cyber warfare? Darnell Wash- ington, president and CEO of SecureXperts, told the audience at the GC&E Converged Security Summit that 80 percent of federal agencies has reported successful breaches in the last five years. Even 40 percent of com- mercial intrusions went undetected for at least four months.
“Unfortunately, most people are com- fortable trading some security for conve- nience of running their lives,” Washington said. “Top of the list of things to do; change passwords every time an employee leaves your firm.”
Something very important to keep top of mind: Washington regularly advises the se- curity community at large on insider threat management, such as using structured and independent verification using next genera- tion adaptive methodologies and strategies to identify and mitigate human and environ- mental threats to information and communi- cation systems.
accuracy, there is no guarantee that the same or similar results may be achieved in all environments. Technical inaccuracies may result from print- ing errors and/or new developments in the industry.
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