Risk News

F.C.C. Is Said to Plan Repeal of Net Neutrality Rules
"The Federal Communications Commission is preparing a full repeal of net neutrality rules that require broadband providers to give consumers equal access to all content on the internet, putting more power in the hands of those companies to dictate people’s online experiences."
Annie's take:

Even after all the responses the FCC received on the plan to repealnet neutrality rules, it still plans to fully repeal it.
In the era of virtual terrorism, all cyber-enabled nations are equal
"Governments spy on one another, and on their people that is what governments do. They always have and they always will."
Annie's take:

I think the author has hit the nail on the head.
Amazon Key Flaw
"When Amazon launched its Amazon Key service last month, it also offered a remedy for anyone—realistically, most people—who might be creeped out that the service gives random strangers unfettered access to your home."
Annie's take:

I am so happy that the problem popped up almost immediately. Hopefully this will cut into Christmas sales.
Trump administration releases rules on disclosing cyber flaws
"The Trump administration publicly released on Wednesday its rules for deciding whether to disclose cyber security flaws or keep them secret, in an effort to bring more transparency to a process that has long been cloaked in mystery."
Annie's take:

Excellent news!
Equifax Data Breach Costs Financial Giant $87.5 Million Dollars
"2017 has been a very dangerous year to be online for business given the increasing threat cyber criminals have developed."
Annie's take:

And those costs will just keep going up if Equifax does not perform appropriate risk management on its third party vendors.
Customers Punish Breached Companies
"Many executives don't take secondary breach costs very seriously: the numbers have long been tricky to pin down and many within the C-suite believe that consumer breach fatigue and apathy about cybersecurity buffer their brand in the wake of a breach."
Annie's take:

Another reason to invest in security so you don't get breached.
Remember Archimedes -- A Lever and A Fulcrum to Move the World
This month's newsletter features a research note from Beth Hutchens on BYOD in the workplace.
Annie's take:

In my column this month, I look at the transformational power of speaking and writing.
New top U.S. banking regulator urges 'fresh look' at rules
America’s top financial regulator said on Tuesday “everything is up for a fresh look” as the Federal Reserve considers dialing back some crisis-era banking rules put in place over the last decade, offering hope to Wall Street and Republicans looking to cut red tape.
Annie's take:

It's good to have an eye out for new risks developing, though cyber is not really a new risk, is it?
How Government Can Avoid Rushing into IoT
" Pedestrian- and car-counting smart cameras do not yet hang from the arms of every urban light fixture."
Annie's take:

Good reporting on an important conference.
Big Brother isn't just watching: workplace surveillance can track your every move
:How can an employer make sure its remote workers aren’t slacking off? In the case of talent management company Crossover, the answer is to take photos of them every 10 minutes through their webcam."
Annie's take:

Not a good surveillance model.
US government wants “keys under doormat” approach to encryption
"No, Assistant US Attorney General Rod Rosenstein did not call for tech giants like Apple, Google and Microsoft to keep plaintext copies of all your communications lying around just in case the FBI or other law enforcement agencies come calling with a warrant."
Annie's take:

I don't think the government's position will stand up to legal scrutiny.
Equifax clears executives who sold shares after hack
"Equifax Inc (EFX.N) said on Friday four of its executives who sold shares before the credit-reporting firm disclosed a massive data breach that wiped out billions from its market value were not aware of the incident when they made the trades."
Annie's take:

It is hard to believe that none of the four knew about the data breach before selling shares.
Active Army cyber teams fully operational a year-plus ahead of schedule
"U.S. Army Cyber Command (ARCYBER) announced today that all of the Army’s Cyber Mission Force teams achieved full operational capability (FOC) at the end of September, 2017, more than a year ahead of schedule."
Annie's take:

This is good news, indeed.
Cyber risk – speaking the language of the CFO
"In the traditional realms of cyber security, ‘security’ and ‘risk’ are always the predominant topics of conversation. But for FDs and CFOs it’s even more reductive than that – everything boils down to one factor: risk."
Annie's take:

Sound advice,particularly going into next week's SecureWorld Seattle conference.
Heart-stopping cybersecurity threats — literally
"When many Americans envision our nation’s cybersecurity vulnerabilities they imagine the susceptibilities of our nation’s physical infrastructure — a paralyzed power grid, a hijacked nuclear power plant — high-shock events that would decimate the lives of millions of Americans."
Annie's take:

Implants may represent one of the highest levels of risk where the health industry is concerned.