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+--- Thread: Will U.S. Corporations Ever Take Cybersecurity Seriously? (/Thread-Will-U-S-Corporations-Ever-Take-Cybersecurity-Seriously)
Will U.S. Corporations Ever Take Cybersecurity Seriously? - Torwaldson - 01-19-2018
It’s another month, and another major IT-related security problem has been uncovered. The latest, the security flaws discovered in Intel, AMD, and AMR chips that can allow the bypassing of operating system security protections are a bit different than most vulnerabilities. They are hardware rather than software-based, and their impacts are exceptionally widespread, impacting nearly every Intel processor made since the mid-1990s. Billions of chips in total could be affected.
The IT security breach most in the U.S. news media before the Intel et al. chip flaw was the Equifax breach, where the personal credit information of some 145 million Americans was compromised. That breach, along with others at health insurance company Anthem and retailer Target spurred the U.S. Congress to hold multiple hearings, with politicians on both sides of the aisle promising that new laws would be quickly passed to force companies to protect citizens’ private data. I hope you didn’t hold your breath waiting for that to happen.
Full reading: https://spectrum.ieee.org/riskfactor/computing/it/will-us-corporations-ever-take-cybersecurity-seriously
RE: Will U.S. Corporations Ever Take Cybersecurity Seriously? - FreightTrain - 01-19-2018
The thing with IT security is you usually aren't aware of a problem until it's too late. I'm sure much more could be done, but corporations are more set on generating profits for their stakeholders rather than "what-if" situations that haven't occurred in years. I want to believe as more of the millennial workforce enters the corporate world and start moving up the ladder, IT (cybersecurity included) will continue to be reassessed, revamped, and improved.
RE: Will U.S. Corporations Ever Take Cybersecurity Seriously? - mothered - 01-20-2018
(01-19-2018, 10:39 PM)sigma Wrote: With many cyber security problems companies can lose value including their stocks very quickly and some are unable to recover.
Precisely, and one of many reasons why some Incidents are not publicly disclosed- for business efficiency to trade as normal.
Quote:Will U.S. Corporations Ever Take Cybersecurity Seriously?
If there's a huge litigation that will have a significant negative Impact on their organization as whole, then the above may prompt to rethink their management strategies.