A
very scary perspective.
Enterprises
throw money at cybersecurity but half of attacks are still a success
…
On
Tuesday, FireEye's Mandiant released its annual Security
Effectiveness Report.
Based on enterprise contributions, penetration tests, and the
analysis of 100 enterprise-level production environments across 11
industries, the report concludes that while organizations are
significantly increasing cybersecurity budgets, the reality is that
many attacks are still successfully infiltrating enterprise
environments.
… In
total, 53% of attacks performed were successful and infiltration
without detection was achieved. 26% of attacks were successful but
were detected, while 33% of attacks were prevented by security
solutions. However, only 9% of attacks led to an alert being
generated.
If
your oil industry was the only one left functioning, what would you
charge for a barrel of oil?
Troubled
Oil and Gas Industry Under Siege From Spyware; Novel Spear Phishing
Attacks Thought to Be Espionage-Driven
The
global oil and gas industry would have had a tough year even if the
coronavirus had never surfaced; overproduction by the United States
and a price war between Russia and Saudi Arabia might well have
driven prices to record lows in 2020 anyway. But with the added
complication of a halt to the majority of travel due to a pandemic, a
barrel of oil briefly had a negative value in April as supply
overwhelmed storage capacity.
Oil price fluctuations continue but as we
have seen with other industries,
hackers
don’t give anyone a break
during hard times and pounce on whatever opportunities are available.
The oil and gas industry is currently fending off a major spyware
campaign, notable for its use of highly targeted spear phishing
attacks, during one of the toughest periods in its history.
The
use of novel tools and the type of information that is being sought
also indicates that
sophisticated advanced persistent threat (APT) groups backed by a
nation-state are the culprits, and that espionage is
behind the sudden interest in this vertical. The hackers seem to
want to know in advance what countries in the OPEC alliance and the
Group of 20 nations are planning.
Once
upon a time, only a few visionaries were thinking about Privacy. Now
people are starting to realize there is money to be made!
The
Rise of the PrivacyTechs
It
is very difficult to imagine any sector of the economy that is not
impacted by technology, disruptions, startups and questions like “Why
should it be like this?” are more and more frequent. The digital
revolution is everywhere, from the countryside to industries, banks,
schools, government, transportation, insurance. The moment we are
living in is unique. Time has come for privacy and more and more
countries and companies are seeing the need to protect privacy as an
important asset. In order to support companies in this journey of
adaptation, the so-called “PrivacyTech” began to emerge between
2016 and 2017, aiming at a promising market for companies that need
solutions for privacy protection and personal data management.
(Related)
...and apparently there is much education still to be done.
How
Americans see digital privacy issues amid the COVID-19 outbreak
The
ongoing coronavirus outbreak has brought privacy and surveillance
concerns to the forefront – from hacked video conferencing sessions
to proposed government tracking of people’s cellphones as a measure
to limit and prevent the spread of the virus. Over the past year,
Pew Research Center has surveyed Americans on their views related to
privacy, personal data and digital surveillance.
Here
are 10 key findings that stand out.
How
could Apple’s (or anyone’s) lawyers made this work?
Apple’s
Copyright Lawsuit Has Created a ‘Chilling Effect’ on Security
Research
Security
researchers are scared to buy, use, or even talk about the
controversial iPhone emulation software Corellium, whose makers are
in a legal battle with Apple.
Last
year, Apple accused
a cybersecurity startup based in Florida of
infringing its copyright by developing and selling software that
allows customers to create virtual iPhone replicas. Critics
have
called the Apple's lawsuit against the company, called Corellium,
“dangerous”
as it may shape how security researchers and software makers can
tinker with Apple’s products and code.
… “I
don’t know if they intended it but when they name individuals at
companies that have spoken in favor [of Corellium], I definitely
believe retribution is possible,” the researcher added, referring
to
Apple’s subpoena to the spanish finance giant Santander Bank,
which named an employee who had Tweeted about Corellium.
It seems to
depend on who you ask.
6
key benefits of AI for business
The
Global
AI Survey from McKinsey & Co.,
released in November 2019, found that 63% of responding executives
reported revenue increases thanks to AI, while 44% cited reduced
costs as
a result of the technology.
Not
all reports, to be sure, have found the benefits of AI for business
to be as immediate. For example, a study
released
in October 2019 from MIT Sloan Management Review and Boston
Consulting Group, titled "Winning With AI," found that
although 90% of respondents believe AI represents a business
opportunity for their companies, the vast majority (70%) have seen
minimal or no impact from AI so far.
This
is interesting and certainly reflects what I found when trying to
implement change.
Your
Business Is Too Complex to Be Digital
Business
leaders are starting to rethink their strategies to take advantage of
digital technologies. They envision omnichannel customer interfaces,
ecosystems of tightly connected partners, and novel customer
solutions leveraging newly accessible data.
This
is smart. Digital technologies are already shifting industry
boundaries and competitive landscapes (think of relatively new
industry types: information dissemination, entertainment streaming,
personal mobility). Ongoing industry disruption means that business
leaders absolutely must articulate strategies that are inspired by
the capabilities of digital technologies.
An
inspired digital strategy, however, is barely enough to get started.
For
most established companies, it is more likely that operational
deficiencies, rather than lack of strategic thinking, will stymie
their ability to compete digitally. Those operational deficiencies
will not be easily resolved. They result from layers of variability
— years of new operational and commercial processes built next to
(and on top of) legacy systems and ways of working. This kind of
non-value-adding variability has made many companies too complex to
deliver digital solutions. To compete digitally, business leaders
must attack that complexity.
Probably
should have consulted a professional (before posting his boasting)
Trump's
Would-Be New Spy Chief Tried to Delete His Internet History and It
Went About How You'd Expect
President
Trump’s pick to lead U.S. intelligence, Rep. John Ratcliffe,
appears to have scrubbed some of his most controversial boasts about
his national security background from two websites around the time
Trump nominated him to the post for a second time last winter.
If
he does get the job as America’s spymaster, Rep. Ratcliffe may want
to consult U.S. intel experts about something called the “Wayback
Machine”
— which allows anyone with an internet connection to see how
websites used to look, even after you’ve deleted the embarrassing
stuff.
New?
Catch up, legal guys.
New
Industry Available on Legal Radar: Follow Internet & Social Media
… Follow
Internet
& Social Media for
the latest news and litigation updates involving e-commerce websites,
social networking hubs, online publishers, travel sites, delivery
apps, dating sites and other internet-enabled companies.
Perspective.
A nation of pedalphiles?
People
Are Panic-Buying Meat, Toilet Paper … and Pelotons?
With
gyms closed and nowhere to go, more people are shelling out $2,245
for the workout bike.
Perspective.
For
the first time, India has more rural net users than urban
The
latest report by the Internet & Mobile Association of India
(IAMAI) and Nielsen
showed
rural
India had
227 million active internet users, 10% more than urban India’s
about 205 million, as of November 2019.
The
numbers were boosted by the cheapest
internet connections in the world.
In
addition, there are around 71 million kids, aged 5-11 years, who go
online using devices of family members. With this, India surpassed
another milestone of having 504 million active internet users who are
5 years old or above — 53 million more than 451 million in March
2019. Active internet users are defined as those who use the
internet at least once a month.
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