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?
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
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.
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…
Bilateral agreements and global accords can be the beginnings of an international counter-strategy to cyberattacks, says Choucri. #CyberSecureMIT#TechReviewEvents
"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."
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
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