Archive for April, 2015

Malware Threats from Unlicensed Software: The Critical First Step for Cyberrisk Management

posted by in Compliance and Enforcement April 23, 2015

Waking up to find your company on the front page news and at the center of a data breach is every CEO’s worst nightmare—and for a number of businesses, it has become reality. Today, the threats from cybercrime are real and frightening, and the risks are extraordinary. Cybersecurity is an incredibly complex issue and business leaders are grappling with how to best protect their businesses, understand the new business vulnerabilities, and identify what steps they can take to protect themselves and their customers from becoming a victim of cybercrime.

There is a strong case for organizations to put protection from malware at the top of their risk agenda. In the past year, 43% of companies experienced a data breach. The average organization experiences a malware event every three minutes, and the costs of dealing with that malware can be astronomical. The International Data Corporation (IDC) estimates that enterprises spent $491 billion in 2014 as a result of malware associated with counterfeit and unlicensed software.

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Time for Congress to Act on Cyber Threat Information Sharing

posted by in Cybersecurity April 21, 2015

Both public and private sector entities fall victim to cyber criminals and other malicious actors each day. Sharing information about cyber threats is critical to prevent and combat these attacks.

Over the past several years, Congress and the courts have taken steps to clarify and promote information sharing. Last year, the Department of Justice and Federal Trade Commission provided guidance clarifying that private entities can share cyber threat information without raising antitrust concerns — helping to pave the way for more timely cyber threat information sharing. That was a helpful step but there is more that can be done.
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