For the last session of #CyberSecureMIT, we’re speaking with @JamilFarshchi, Equifax’s CISO who was brought on after its data was breached in 2017. The Equifax hack was one of the biggest thefts of sensitive personal information of all time. technologyreview.com/2020/02/10/349…
“In the security industry today, we don’t have enough data to measure risk," says Farshchi. Most organizations have a dataset of one, which is their company. #CyberSecureMIT
To build a cyber-resilient organization, he says he asks:

-What are the predominant threat factors for any organization?
-What are the core controls that help you to be able to defend and minimize a particular threat?

#CyberSecureMIT #TechReviewEvents
A key pillar to building a cyber-resilient organization is company culture. How is cybersecurity ingrained in your culture, from your security team, to human resources, to your leadership? #CyberSecureMIT #TechReviewEvents Image
A second pillar is core controls, or cybersecurity fundamentals. #CyberSecureMIT #TechReviewEvents
A third is partnerships. They shared what they learned broadly, and partnered with the FBI to track the breach. #CyberSecureMIT #TechReviewEvents technologyreview.com/2020/02/10/349…
Will there be more mega-breaches? Yes, says @JamilFarshchi.

"If you look at some of the fundamental shifts in the landscape—the digitization of data, the reliance on tech—organizations are far more attractive today than they were even 10 years ago," he says. #CyberSecureMIT
He doubles down on organizations changing their culture to defend against cyber-risks.

On defense, organizations need to be successful 100% of the time. Hackers need to be successful just once. #CyberSecureMIT #TechReviewEvents
Farshchi also thinks there needs to be more public-private partnership and assistance from the government against cyber-threats.

"We've got to work together to be able to get that done," he says. #CyberSecureMIT #TechReviewEvents

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More from @techreview

4 Dec
That not only means that countries face a huge logistical challenge to distribute them—which is complicated by the fact the two most promising vaccines require ultra-cold temperatures—but they also have to grapple with hard choices over who gets them first.
Here’s how the US, China, the UK, and other countries are planning to distribute covid-19 vaccines to their populations. technologyreview.com/2020/12/04/101…
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3 Dec
Over the years, we've written about this paradox of cryptocurrency, that it's semi-anonymous and inherently transparent. This is a story @strwbilly penned in 2018. #CyberSecureMIT technologyreview.com/2018/04/19/301…
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3 Dec
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#CyberSecureMIT #TechReviewEvents ImageImage
Bilateral agreements and global accords can be the beginnings of an international counter-strategy to cyberattacks, says Choucri. #CyberSecureMIT #TechReviewEvents Image
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3 Dec
"We’ve seen a 400% increase from 2018 to 2020 in the number of ransomware incidences we have responded to," says @JohnHultquist of @FireEye . "It’s clearly overshadowing other threats right now." Image
Why? Money.

"Money is just flooding in to these actors," says @JohnHultquist. "It’s clearly very profitable."

In one incident, a ransomware attacker demanded $36 million. From March 2019 to March 2020, another actor increased their ransomware demands 180%. #CyberSecureMIT
Both @JohnHultquist and @HalvorMolland agree that serious government policy responses are needed. Otherwise, ransomware will continue to rise. #CyberSecureMIT #TechReviewEvents
Read 5 tweets
3 Dec
You may remember the @NorskHydroASA ransomware attack on March 19, 2019. On that day, one of the world’s largest producers of aluminum had a unique response strategy to the attack: pay no ransom and admit the breach. #CyberSecureMIT #TechReviewEvents technologyreview.com/2019/03/19/136…
At #CyberSecureMIT, we’re speaking with the company’s senior vice president, @HalvorMolland, about this response strategy, which resulted in unprecedented transparency and a distributed workstream that included forensics, communication management, and rebuilding.
.@NorskHydroASA's decision to shut down its information-systems infrastructure happened at a relatively low level, says @HalvorMolland. It was “based on risk analysis and training we had in the past. This was the right decision to take.” #CyberSecureMIT #TechReviewEvents
Read 9 tweets
2 Dec
Mobile phishing is a topic @HowellONeill has written about quite a bit in the last year. #CyberSecureMIT #TechReviewEvents
You might remember Twitter's massive security breach in July. The company eventually confirmed that this hack was caused by a mobile phishing attack. #CyberSecureMIT #TechReviewEvents technologyreview.com/2020/07/15/100…
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