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SC Security & Risk Mgmt: Page 345

Contract Calamity: What to Expect in the Ever-Changing World of EPC Contract Management

To Solve IoT Security, Look to Cloud Software, ARM Says

The recent DDoS attacks launched from IoT devices demonstrate that the internet of things spans all parts of IT and that most companies deploying it still need a lot of help. That's the message from ARM, the chip design company behind nearly every smartphone and a big chunk of IoT, at its annual TechCon event last week in Silicon Valley.

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Millennials Want Companies to Adopt New Identity Verification Approaches

When it comes to sharing personal information, millennials are reluctant. There is a gap between millennials wanting to secure access on all connected devices and their willingness to sharing data, according to a study by Lexis Nexis Risk Solutions. This could be a wake-up call for businesses to find solutions that minimize the amount of data they have to collect.

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Lawmakers Criticize Vehicle Cybersecurity Guidelines From U.S. Transport Agency

Guidance from the National Highway Traffic Safety Administration for improving motor vehicle cybersecurity has attracted criticism from lawmakers who said that mandatory security standards are needed.

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Hanjin to Halt E.U. Routes, Operations This Month

Hanjin Shipping's European routes services have completely halted, the company said last week, and a Seoul court overseeing its receivership process has approved winding down four of its European units.

Galaxy Note 7 Recall May Threaten South Korea's Reputation, Economy

A former South Korean teacher, Kim Jeong-min was at Narita Airport in Japan this month when he watched a television news report that Samsung's Galaxy Note 7 smartphone was banned on airplanes because it was prone to catching fire. Kim, 58, said he had felt humiliated, as if the non-Koreans in the airport lounge were looking at him.

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Simple Encryption Not Enough to Comply With New Cybersecurity Regulations

The New York Department of Financial Services and Governor Andrew Cuomo have announced a series of new rules strengthening cybersecurity requirements for financial firms in the state of New York - the latest in a series of announcements aimed at protecting clients, consumers and financial entities from the ever-growing threat of cyber-attacks.

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Oracle Reportedly Fixes Hundreds of Vulnerabilities That Put Enterprise Data at Risk

Oracle's October security update is one of the largest ever, fixing more than 250 vulnerabilities in enterprise products that are used to store and work with business data, the company reported.

We're Afraid of Getting Hacked, But We're Not Doing Much About It, Poll Says

A hack at Sony Pictures that exposed more than 170,000 emails in 2014 derailed a much-hyped film's release and prompted a months-long industry freakout. A hacking incident at Yahoo now threatens to derail a sale to Verizon. WikiLeaks' releases of Democratic officials' hacked private emails are providing near-endless fodder for Donald Trump's presidential campaign. And yet, while large numbers of Americans appreciate the threat of getting hacked, they don't seem to be changing their behaviors in any appreciable way.

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IoT Devices Becoming More Common Hosts for Hijacked Data, Researchers Say

The vision of the so-called internet of things - giving all sorts of physical things a digital makeover - has been years ahead of reality. But that gap is closing fast, according to Gartner, a research firm. Today, the range of things being computerized and connected to networks is stunning, from watches, appliances and clothing to cars, jet engines and factory equipment. Even roadways and farm fields are being upgraded with digital sensors. In the last two years, the number of internet-of-things devices in the world has surged nearly 70 percent to 6.4 billion, Gartner says. By 2020, the firm forecasts, the internet-of-things population will reach 20.8 billion.

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Cybersecurity Insurance Becoming a Must-Have, Survey Says

A September survey by the Risk and Insurance Management Society found that 80 percent of the companies bought a stand-alone cybersecurity policy in 2016, suggesting policies covering exclusively cyber exposures may now be the norm for many large companies.

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Peak Season Impact of Hanjin Shutdown Remains Unclear

More than a month after major Korean freighter line Hanjin shut down due to financial issues, the effects are still being felt by retailers in terms of shipment delays from Asia.

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