BOE’s Cyber Chief Says Hacking Is an Ongoing Danger for Banks. From Bloomberg. The Bank of England’s chief information-security officer said cyber attacks are an ongoing danger for firms and building defenses isn’t just a technical issue. In a speech in London, Will Brandon said executives must “get away from the perception that cyber is just a technology problem that can be solved entirely through engineering solutions.” That’s because hackers can take advantage of people within companies to gain access to systems, he said.
- IBM’s Watson is going to cybersecurity school. From Computerworld. It’s no secret that much of the wisdom of the world lies in unstructured data, or the kind that’s not necessarily quantifiable and tidy. So it is in cybersecurity, and now IBM is putting Watson to work to make that knowledge more accessible. Towards that end, IBM Security on Tuesday announced a new year-long research project through which it will collaborate with eight universities to help train its Watson artificial intelligence system to tackle cybercrime.
- Why cyber tools are not total solutions. From FederalTimes. According to Cybersecurity Ventures’ Cybersecurity Market Report for Q4 2015, “Market research firm Gartner says global spending on IT security is set to increase 4.7 percent in 2015 to $75.4 billion, and the world will spend $101 billion on information security in 2018.” After attending the 2016 RSA conference, it is obvious that attendance at the show reflects these numbers. The money and time being spent in this area are simply mind-numbing.
- Rules For Cyberwarfare Still Unclear, Even As U.S. Engages In It. From NPR. Who’s in charge when the U.S. wages cyberwar? “The chain of command is clear on paper,” says Susan Hennessey, who served as a lawyer at the National Security Agency until November 2015. “It’s much more difficult to understand in practice.”
- IBM’s Survey Of The Cybersecurity Landscape. From IBM.com. In 2015, 60 percent of all attacks were carried out by insiders, either ones with malicious intent or those who served as inadvertent actors. In other words, they were instigated by people you’d be likely to trust. And they can result in substantial financial and reputational losses.
Boston Cybersecurity Map Shows Deep, Diverse Local Sector. From XConomy. It’s no secret that the Boston area is home to a formidable group of companies related to cybersecurity. Just how big is the local cluster? Xconomy surveyed the landscape and found 63 firms within an hour’s drive of downtown Boston, including locally based companies and outposts of firms based elsewhere.
Tomorrow’s Buildings: Help! My building has been hacked. From BBC. According to Mr Billy Rios, who runs security company Whitescope, there are 50,000 buildings currently connected to the internet – including research facilities, churches and hospitals, and 2,000 of those are online with no password protection.
- FBI Warns Farmers About the Dangers of Hackable IoT Farm Equipment. From Softpedia. Farmers who employ Internet-connected and precision farming equipment should be very mindful of the way they configure their devices, the FBI warned in a public statement advisory at the end of March. The Bureau, together with the US Department of Agriculture (USDA), issued the note on March 31, as an alert to the growing threat of IoT security.