Report: Ransomware attacks, use of bitcoin on the rise

Cybersecurity flaws found in connected-device products | Take a strategic approach to cybersecurity | Directors at risk of liability in cyberbreach Created for {EMAIL} | [Web Version] October 27, 2016 [Data Security & Privacy SmartBrief] [Data Security & Privacy SmartBrief] [SIGN UP] ⋅ [FORWARD] ⋅ [ARCHIVE] Top Story [Cybersecurity flaws found in connected-device products] A number of connected-home devices may pose cybersecurity threats, Rapid7 research indicates. Flaws have been identified in tracking devices from TrackR, KKMCM and Zizai that leave them open to malicious attacks. [ZDNet] (10/25) [LinkedIn] [Twitter] [Facebook] [Google+] [Email] Data Security & Privacy [Take a strategic approach to cybersecurity] Companies should focus their cybersecurity efforts on the most strategically important business assets, writes Greg Bell of KPMG. It's also important to have a plan ready for dealing with any data breaches that do occur, he writes. [Harvard Business Review online (tiered subscription model)] (10/25) [LinkedIn] [Twitter] [Facebook] [Google+] [Email] Cyber Risk [Directors at risk of liability in cyberbreach] In the event of a data breach or attempted cyberattack, boards of directors often hold liability they are unaware of or unprepared for. Although last year's Cybersecurity Disclosure Act has stalled, its contents can still affect directors and leading executives and help them take action. [JDSupra.com] (10/25) [LinkedIn] [Twitter] [Facebook] [Google+] [Email] - [RAM flaws make Android devices vulnerable] CSO/IDG News Service (10/24) By the Numbers [Report: Ransomware attacks, use of bitcoin on the rise] Ransomware attacks have increased significantly across industries, especially affecting finance, hospitality and retail, according to the Beazley Breach Insights report. Bitcoin is being featured more in these attacks, with ransom-makers preferring the digital currency. [Insurance Journal] (10/26) [LinkedIn] [Twitter] [Facebook] [Google+] [Email] [Saturation in US cyberinsurance, survey says] About 2 in 3 US companies have cyberinsurance, with coverage higher among companies with a wealth of high-risk data, according to a survey. [The Wall Street Journal (tiered subscription model)] (10/27) [LinkedIn] [Twitter] [Facebook] [Google+] [Email] Practice & Policy [DDoS attack sparks policy concerns] With major websites targeted in the distributed-denial-of-service attack Friday, attention has turned to how the breach happened, who caused it and how future events can be avoided or limited. Policies that focus on internet of things connectivity and the security of all public devices on networks are required, says Stanford cybersecurity scholar Herbert Lin. [ScienceDaily] (10/25) [LinkedIn] [Twitter] [Facebook] [Google+] [Email] - [Feds release cybersecurity best practices for cars] The Hill (10/24) AllClear ID News 2016 Cost of a Data Breach - Best Practices for Breach Readiness To effectively be ready for and respond to data breaches in this new environment, understanding the true costs associated with data security incidents is critical. In this [webinar], industry leaders will discuss findings from the 2016 NetDiligence Cyber Claims Study, as well as best practices in key areas of data breach readiness and response. [Register today]. [LinkedIn] [Twitter] [Facebook] [Google+] [Email] The most overlooked component of breach readiness Today, most businesses have a breach response plan in place. What they don't realize, however, is that they have overlooked the most critical component of breach readiness: reserving the manpower required to execute their plan successfully. [Learn how your business can become truly response ready]. [LinkedIn] [Twitter] [Facebook] [Google+] [Email] Learn more about AllClear ID: [About AllClear ID] | [AllClear ID Breach Response] [AllClear ID Resources] Many of life's failures are people who did not realize how close they were to success when they gave up. Thomas Edison, inventor and businessman [LinkedIn] [Twitter] [Facebook] [Google+] [Email] [Sign Up] [SmartBrief offers 200+ newsletters] Subscriber Tools: [Manage Subscriptions] [Update Your Profile] [Unsubscribe] [Send Feedback] [Archive] [Search] Contact Us: Editor - [Amanda Gutshall] Mailing Address: SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 © 1999-2016 SmartBrief, Inc.® [Privacy policy] | [Legal Information] Â