MasterCard CEO, other industry execs appointed to cybersecurity commission

MasterCard CEO, other industry execs appointed to cybersecurity commission | Analysis: Plugging connected devices' cybersecurity holes | New thinking about predicting corporate risk Created for {EMAIL} | [Web Version] April 14, 2016 [Data Security & Privacy SmartBrief] [SIGN UP] | [FORWARD] | [ARCHIVE] Top Story [MasterCard CEO, other industry execs appointed to cybersecurity commission] [Cybersecurity] (Pixabay) MasterCard CEO Ajay Banga and nine other executives have been appointed by President Barack Obama to the Commission on Enhancing National Cybersecurity. The commission is charged with developing recommendations to strengthen cybersecurity in the private and public sectors. [Reuters] (4/13) Share: [LinkedIn][Twitter][Facebook][Google+][Email] Data Security & Privacy [Analysis: Plugging connected devices' cybersecurity holes] Designing chips for the Internet of Things involves security vulnerabilities in many cases. "Open-source IP is the easiest place to put back doors, trap doors and Trojans," said Serge Leef of Mentor Graphics. [Semiconductor Engineering] (4/13) Share: [LinkedIn][Twitter][Facebook][Google+][Email] Cyber Risk [New thinking about predicting corporate risk] Most risk managers study insurance claims histories to forecast operational risks, a new survey has found. However, this strategy has limits, as it may not help companies understand fast-changing areas of exposure such as cyberrisk. Studying leading indicators and developing algorithms for risk analysis can help, a report co-author said. [CFO.com] (4/13) Share: [LinkedIn][Twitter][Facebook][Google+][Email] [Cisco reports new generation of ransomware] A Cisco Systems report has revealed that a new type of ransomware comes in the form of an "unusual strain of virus-like hacker software," Tami Abdollah writes. The ransomware attacks computer server vulnerabilities without the need for human interaction. It is the same type of strain that hit the MedStar Health hospital chain in March. Cisco warned organizations that "the age of self-propagating ransomware, or cryptoworms, is right around the corner." [CNBC/The Associated Press] (4/11) Share: [LinkedIn][Twitter][Facebook][Google+][Email] - [Dridex malware affects credit cards, online banking] Dark Reading (4/8) Share: [LinkedIn][Twitter][Facebook][Google+][Email] By the Numbers [Rapidly evolving Qbot malware strikes 54,000 PCs, threatens more] A rapidly evolving version of Qbot malware, which was discovered in 2009, recently infected more than 54,000 PCs and threatens many more, BAE Systems warns. "This case illustrates that organizations must remain alert to and be able defend against evolving cyber threats. Qbot first came to light in 2009, but this new version is equipped with advanced tools to escape detection and infect quickly," says BAE Systems' Adrian Nish. [ComputerWeekly.com (U.K.)] (4/12) Share: [LinkedIn][Twitter][Facebook][Google+][Email] - [Survey: Risk experts see business interruption as biggest corporate risk] PropertyCasualty360 (4/12) Share: [LinkedIn][Twitter][Facebook][Google+][Email] Practice & Policy [Hospital boards have a role to play in cybersecurity measures, expert says] Members of hospital boards "are there to assure that there is an appropriate system of controls with respect to cybersecurity and that [the] system of controls is working appropriately," said Gerard Nussbaum, director of technology services for Kurt Salmon, who also advised board members to make sure they are getting adequate education about the topic. Nussbaum advises hospital boards that it is not their responsibility to balance the risks, but rather to ensure that management properly documents risks and risk probability, giving board members a plan for how to balance them with operational efficiencies and costs. [Health IT Security] (4/8) Share: [LinkedIn][Twitter][Facebook][Google+][Email] AllClear ID News Is your team ready for a data breach? As data breaches increase in scale and frequency, businesses must prepare today to ensure an effective, customer-focused response. Consumers, regulators and the media want a well-orchestrated response launched just days after a data breach, and preparation in advance is critical to success. [Download this Incident Response Workbook] and learn: - Key considerations for data breach preparation and customer notification - Best practices for the customer-facing aspects of data breach response - Recommendations for planning and executing a well-orchestrated response Share: [LinkedIn][Twitter][Facebook][Google+][Email] 4 steps to respond more effectively after a data breach The most thorough preparation pre-breach won't matter if your response team is derailed by emotions like denial, tunnel-vision and anger. [Download this whitepaper], Factoring the Human Element Into Your Data Breach Response, to learn which emotions are most likely to derail your team and steps you can take now to be ready to address them during a crisis. Share: [LinkedIn][Twitter][Facebook][Google+][Email] SmartQuote To become a master at any skill, it takes the total effort of your heart, mind and soul working together in tandem." -- Maurice Young, rapper and producer Share: [LinkedIn][Twitter][Facebook][Google+][Email] Learn more about AllClear ID -> [About AllClear ID] | [AllClear ID Breach Response] | [AllClear ID Resources] Subscriber Tools Please contact one of our specialists for advertising opportunities, editorial inquiries, job placements, or any other questions. 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