Risk News

Servant or spy? Law enforcement, privacy advocates grapple with brave new world of AI assistants

"Alexa, the voice assistant built into the Amazon Echo, is one of many artificially intelligent (AI) personal assistants being deployed by technology companies to help consumers manage their homes and schedules."

Annie's take:

AI and the Internet of Things (IoT) appear to be the domains most under fire for fixes by privacy experts.

Mobile Security Turns Into Big Business for Cyber Firms

"The prevalence of bring-your-own-device culture in the corporate world means workers can be more productive and connected. But as hackers hone their skills at breaking into cell phones, the sprawling range of devices prevents a tempting target for crime and espionage."

Annie's take:

Another lucrative opportunity for security application developers.

Cyber security attacks to be aware of for the near future

"With various online cyber security attacks experienced across last year, these are the near future predictions to be aware of for your business."

Annie's take:

The list looks pretty good to me, especially since it includes AI.

What to Make of Rudy Giuliani’s Cybersecurity Role

"President-elect Donald Trump has granted Rudy Giuliani, his boisterous and unwavering booster, a consolation prize: a role heading a cybersecurity advisory group."

Annie's take:

Since this article was published last week, it's to be hoped that Giuliani's firm has fixed its website.

US warns of 'imminent' cyberattack threat on electrical grid

"A report that Russian computer attackers had penetrated a Vermont electrical utility company may have turned out to be baseless, but the nation's grid is in "imminent danger" of cyberattacks, the Energy Department warned Friday."

Annie's take:

It didn't take an attack on a northest power company to learn this. It's not news. It's been flagged as a major issue for several years.

How much is a data breach going to cost you?

"A recent IBM study found that the average cost of a data breach has hit $4 million—up from $3.8 million in 2015."

Annie's take:

Those looking for some surveys to back up data breach presentations might take a look at this slide show. Impressive.

Data breaches through wearables put target squarely on IoT in 2017

"Forrester predicts that more than 500,000 internet of things (IoT) devices will suffer a compromise in 2017, dwarfing Heartbleed. Drop the mic — enough said."

Annie's take:

There is such a range of issues connected with the Internet of Things (IoT) that it's not surprising wearables now appear on the horizon.

5 data breach predictions for 2017

"In 2017, most companies have data breach preparedness on their radar. But the threat landscape is ever-evolving."

Annie's take:

We knew 2017 would be a rough ride, but here are a few more reasons it's the case.

Conduct Risk Presented Daily on the National Stage

"In a new volume, Conduct Risk: A Practitioner’s Guide, published by Risk Books of London, I argue that there are three root causes of conduct risk: tone, culture and conflicts of interest."

Annie's take:

First newsletter of the new year, with a research note by Keith Snodgrass.

Intelligence Report on Russian Hacking

"The Office of the Director of National Intelligence released on Friday a report that detailed what it called a Russian campaign to influence the election. The report is the unclassified summary of a highly sensitive assessment from American intelligence and law enforcement agencies."

Annie's take:

Here's the unclassified version of the report, stripped of the detail that would persuade anyone of the conclusion that the agencies have drawn.

U.S. spy chief 'resolute' on Russia cyber attack, differs with Trump

"The top U.S. intelligence official said on Thursday he was "even more resolute" in his belief that Russia staged cyber attacks on Democrats during the 2016 election campaign, rebuking persistent skepticism from Republican President-elect Donald Trump about whether Moscow was involved."

Annie's take:

Let's hoping the briefing of our president-elect goes well today.

Annie Searle is the Risk Detective
Annie's take:

The magazine reprinted my December column from ASA News & Notes, and interviewed me as well. Other articles look at different types of risks.

From Hands to Heads to Hearts

"Software has started writing poetry, sports stories and business news. IBM’s Watson is co-writing pop hits. Uber has begun deploying self-driving taxis on real city streets and, last month, Amazon delivered its first package by drone to a customer in rural England."

Annie's take:

Horray for the human spirit, for our collective humanity.

House Republicans Back Down on Bid to Gut Ethics Office

"House Republicans, facing a storm of bipartisan criticism, including from President-elect Donald J. Trump, moved early Tuesday afternoon to reverse their plan to kill the Office of Congressional Ethics."

Annie's take:

Here's the latest in the House Republican's attempt to take down an independent ethics office. I must say that that this one came out well, and should serve as a cautionary tale to zealots.

A Lincoln Lesson for Donald Trump

"After his surprise win in the presidential election of 1860, Abraham Lincoln gathered a coterie of reporters and enthused, “Well boys, your troubles are over now; mine have only just begun.” Lincoln didn’t realize how prescient he was, or the challenges he would face."

Annie's take:

His piece makes clear just how little control any president has over the issues he/she will have to deal with.

Balancing Cybersecurity Practices With The Realities Of Healthcare Operations

"A thorough risk assessment is prudent for any organization, but is particularly essential for companies in the healthcare industry. Protecting patient data is important, and failing to have robust security measures can shut down facilities and have life-or-death ramifications."

Annie's take:

I like the three issues he identifies as paramount in healthcare ops.