Cybergovernance Journal Update – 3/24/17
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As cybersecurity of digital infrastructure becomes increasingly vital, spreading risk around continues to be slowed by an ever-changing cyber threat landscape.
Yahoo, Russians, the SAFETY Act, and Cyber Risk Governance
Cybergovernance Journal, Mar. 20
The recent disclosure that Russian spies perpetrated the Yahoo hack is the latest chapter in the largest breach ever, and it points to new ways, like the SAFETY ACT, that can lessen liability for failures in managing cyber risk…
NSA Deputy Says U.S. Cyberattack Responses Must Improve
Cyberscoop, Mar. 21
“The analogy a colleague of mine uses is if your house catches on fire, you have to call the mayor to see if he’ll let you call the water department to ask them to turn the water on. And then you call the city council to see if you can get funding for the fire department to send a truck. And by the time that’s all happened, your cyber house has burned to the ground…”
Trump Administration to Score Agencies on Cybersecurity
The Hill, Mar. 15
The new administration will require agencies and departments to abide by the framework developed by the National Institute of Standards and Technology (NIST) and report back to the White House on their adoption and implementation of the cybersecurity recommendations…
A Cybersecurity Risk Assessment is a Critical Part of M&A Due Diligence
Network World, Mar. 17
Tom Kellermann, CEO of Strategic Cyber Ventures LLC, says that companies in M&A activities need to be proactive. “Given the tenacity of the criminals in cyberspace, investors must apply cyber risk to their calculus. Due diligence per mergers and acquisitions must incorporate an assessment of the overall cybersecurity health…”
China’s Quest for Cybersecurity Causes Headache for Foreign Companies
The Diplomat, Mar. 18
Chinese authorities have tightened the state’s control over all things cyber: from social media and online publishing to IT business models and cloud data centers. Looking at the sometimes abstract and vague cyberspace regulations issued to date, we can make out four concrete challenges for foreign businesses operating in China…
On the Agenda: The Board’s Role in Cyber Risk and Security
ITProPortal, Mar. 21
The Board of Directors is ultimately responsible for the future of their company. Shareholders expect, if not demand, that the companies they have invested in mitigate risk in every form. When financial irregularities result in fines (or worse), investors hold the CFO and BoD accountable. These days, the same holds true for security breaches…
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