Connect with us

Cybersecurity

Chertoff, Genachowski Join FCC Cybersecurity Roundtable

WASHINGTON May 17, 2011- As part of National Small Business Week, the Federal Communications Commission assembled leading experts for a cybersecurity roundtable discussion on Monday and unveiled a set of new partnerships aimed at educating the public.

“A recent Symantec study found that American small businesses lose billions annually to cyber-attacks, and 74 percent of small and medium businesses reported being affected by cyber-attacks in the past 12 months,” said FCC Chairman Julius Genachowski. “The average cost of each cyber-attack to small and medium sized businesses is nearly $200,000.”

Published

on

WASHINGTON May 17, 2011- As part of National Small Business Week, the Federal Communications Commission assembled leading experts for a cybersecurity roundtable discussion on Monday and unveiled a set of new partnerships aimed at educating the public.

“A recent Symantec study found that American small businesses lose billions annually to cyber-attacks, and 74 percent of small and medium businesses reported being affected by cyber-attacks in the past 12 months,” said FCC Chairman Julius Genachowski. “The average cost of each cyber-attack to small and medium sized businesses is nearly $200,000.”

As more business expand their online presence they become increasingly vulnerable to cyber-attacks which have ranged from the stealing of customer data to intellectual property theft.

Cheri McGuire, vice president of global government affairs & cybersecurity policy at Symantec said that a recent survey conducted by the company found that nearly 50 percent of small businesses do not have a cybersecurity plan and 40 percent claimed that that data protection was not an important tissue for them.

“Protecting data needs to become as common and important as putting money in a safe to protect it,” said former Secretary for Homeland Security Michael Chertoff. “The only way to fully protect from a cyber-attack is to not connect to the internet at all, but that is just not realistic. We must instead learn how to mitigate its effects and offer adequate protection.”

Chertoff suggested that small businesses take simple precautions, such as not using free Wi-Fi connections to conduct business transactions or ensuring that passwords are regularly changed as a baseline in protecting against attack.

Dr. Phyllis Schneck, chief technology officer at McAfee Public Sector, added that in addition to protecting the network from attack over the internet businesses need to be aware of their physical networks.

“Connecting a foreign USB key to a networked computer is the easiest way to gain entry into a secure network,” Schneck said. “This simple act of connecting unidentified hardware can easily bring down a network.”

In an effort to educate the business community the FCC announced that it will partner with U.S. Chamber of Commerce, McAfee, Symantec, SCORE and the National Urban League to develop a unified cybersecurity tip sheet.

“We wanted to create a single message to provide the best information possible without confusing people by offering different sets of guidelines,” Genachowski said.

The FCC also plans to hold a cybersecurity education event later this year in association with SCORE’s eBusiness Now program.

To expand education amongst the general public, the Commission plans to join the National Institute of Standards and Technology’s National Initiative for Cybersecurity Education (NICE).

“The NICE partnership runs the Stop. Think. Connect. Campaign, which is designed to raise awareness among the American public about the need to strengthen cybersecurity—and to generate and communicate new approaches and strategies to help Americans increase their safety and security online,” Genachowski explained.

The FCC also issued a Tip Sheet which provides simple tasks people can take to protect themselves, including: “Secure your Wi-Fi networks” and “If you have a Wi-Fi network for your workplace make sure it is secure and hidden.”

The Tip Sheet along with additional information can be found at the newly launched CyberSecurity section of the FCC’s site, http://www.fcc.gov/cyberforsmallbiz

Rahul Gaitonde has been writing for BroadbandBreakfast.com since the fall of 2009, and in May of 2010 he became Deputy Editor. He was a fellow at George Mason University’s Long Term Governance Project, a researcher at the International Center for Applied Studies in Information Technology and worked at the National Telecommunications and Information Administration. He holds a Masters of Public Policy from George Mason University, where his research focused on the economic and social benefits of broadband expansion. He has written extensively about Universal Service Fund reform, the Broadband Technology Opportunities Program and the Broadband Data Improvement Act

Cybersecurity

Microsoft Executive Calls For Improved Information Sharing Between Governments and Companies

Brad Smith said information sharing is critical for preventative measures against cyberattacks.

Published

on

Microsoft Vice Chair Brad Smith

WASHINGTON, September 20, 2021—Microsoft Vice Chair Brad Smith called for improved information sharing between countries to prevent cyberattacks on critical infrastructure.

While participating in a Washington Post Live discussion on September 20, Smith pointed toward certain sectors and aspects of society that should be protected from cyberwarfare. He specifically mentioned that a country’s digital supply chains, healthcare systems, and electoral processes should be considered off limits.

“I think the sobering fact of life is that unfortunately the world typically comes together to do what needs to be done only after it has experienced some kind [disaster],” he said.

“If we said we won’t harm civilians in a time of war, why should we for a moment, tolerate this kind of harm to civilians in what is supposed to be a time of peace?” Smith likened the SolarWinds attack to tampering with a blood supply to harm recipients.

A webinar in June hosted by the Stimson Center heard that a cybersecurity framework between countries is key to combatting cyberattacks.

Information sharing with private companies

In addition to reaffirming a commitment to not cause civilian harm, Smith also called for improving coordination and information sharing between private companies and stated that these efforts are enhanced by government leadership.

“I think any day when we’re sitting down and talking about how we can collaborate more closely among companies, that’s probably a good day.” Smith lauded efforts by the Biden Administration to facilitate information sharing between tech companies to prevent further attacks like the one SolarWinds suffered, “We are going to need a government that can work as a single well-coordinated team and the team is going to need to include participants in an appropriate way from the private sector as well. I’m hopeful, encouraged and I would dare say even optimistic.”

Last month, Comcast Cable’s chief product and information officer Noopur Davis said the private sector is falling behind on information sharing during cyberattacks, and that companies in the tech industry are reevaluating their strategies and how they share information to prevent such acts. Some have noted that companies are still not prioritizing cybersecurity.

Senator Angus King, I-Maine, has even called for new rules requiring companies to disclose when they’ve been breached in a hack.

Shortage of cybersecurity workforce

Smith noted, however, that there is still a lot of work that needs to be done. He described a “substantial shortage” of cybersecurity professionals, which he stated is one of the reasons organizations are not able to move quickly enough to keep pace with bad actors and implement best practices.

“There is a real opportunity for us to work together for community colleges to do more [and] for businesses to do more to train their people,” he said.

Overall, Smith stated that things are moving in the right direction but emphasized that the international community—governments and otherwise—need to establish better methods of federating data that is secure from bad actors but accessible to the necessary parties.

Continue Reading

Cybersecurity

Private Sector Falling Behind on Information Sharing During Cyberattacks, Says Comcast Rep

Comcast’s Noopur Davis says cyber attackers share information better than the private sector.

Published

on

Noopur Davis, Chief Product and Information Officer at Comcast Cable.

ASPEN, Colorado, August 23 — In the wake of an influx of ransomware attacks on critical infrastructure and cyberattacks on private carriers, entities across the technology industry are revaluating their strategies and how they share information to prevent such acts.

T-Mobile announced on August 15 that as many as 50 million consumers had their private data compromised during a data breach. Days later, on August 17, as part of Technology Policy Institute’s 2021 Aspen Forum, Noopur Davis, Chief Product and Information Officer at Comcast Cable, sat down for a fireside chat to discuss what the industry was doing to address this event and events like it.

Join in Broadband Breakfast Live Online’s Discussion on “Cybersecurity: Reviewing the Biden Administration’s Executive Order,” on Wednesday, August 25, 2021, at 12 Noon ET.

When Davis was asked how she felt about the current state of cybersecurity, she said it was okay, but that the telecom community at large would have to do more.

She referenced the mean time of comfort—that is, the average duration between the time that a service becomes connected to the internet and when it is targeted by bad actors. While in the early days of the internet cybersecurity experts could expect to have significant mean times of comfort, she stated that this is no longer the case.

“The second you connect [to the internet] you are attacked,” she said.

As soon as a successful breach is recognized, Davis explained that the target companies begin to revaluate their “TTP,” or tactics, techniques, and procedures.

Information sharing is crucial

Though one company may find a remedy to their breach, other companies may remain vulnerable. To combat this, Davis said that it is critical for companies to share information quickly with their counterparts, but she indicated that this is a race that the private sector is currently losing.

“[Attackers] share information better than [the private industry does].”

She went further, revealing that there is now a sophisticated market for malware as a service, where various platforms publish reviews for their products and services and even offer tech support to those struggling to get the most out of their purchases.

Growing market for hacking tools

She pointed to the Colonial Pipeline attack as an example where hackers did not even create the malware themselves—they just purchased it from a provider online. She explained that this marketplace has significantly lowered the barriers of entry and deskilled the activity for would be attackers, and that theoretically anyone could engage in such nefarious acts today.

Though Davis was in favor of collaboration between companies to address these attacks, she made it clear that this would not mean that responses and capabilities would become standardized, and that every company would maintain their own unique strategies to ensure that their services and data remain uncompromised.

Continue Reading

Cybersecurity

DOJ Official Supports Mandatory Breach Reporting

Proposed legislation would make it mandatory for companies to report cyberattacks.

Published

on

Richard Downing from the Senate judiciary committee last week

August 2, 2021—An official from the Department of Justice urged members of the Senate judiciary committee last week to proceed with legislation requiring companies to report ransomware attacks to federal agencies.

Richard Downing, deputy assistant attorney general of the criminal division within the department, told the committee studying cybersecurity during a hearing that such mandatory breach reporting legislation would aid in its defense against cyberattacks.

There is currently no federal law requiring such disclosures, but bipartisan Senate legislation co-sponsored by Senator Angus King, I-Maine, would change that. Titled Cyber Incident Notification Act of 2021, the bill was introduced last month.

This legislation would require all contractors, federal agencies, companies, and organizations critical to U.S national security to report all breaches of data to the Department of Homeland Securities’ Cybersecurity and Infrastructure Security Agency (CISA) within 24 hours.

The bill and discussions about it come in light of high-profile cyberattacks that have targeted software company SolarWinds and oil transport company Colonial Pipeline in the last several months. And the discussion isn’t expected to slowdown as more critical infrastructure is hooked up to the internet.

The Last week, the House energy committee approved a series of cyber bills that would improve telecom network security.  

Cyber threats becoming more bold

Downing noted that threat actors are becoming bolder and more sophisticated, and that the government must hasten efforts to thwart attacks and stay ahead of such malicious acts.

“Many actors now research their victims—identifying the victim’s net worth, the cost of a business interruption, and even the value of their cyber insurance policy—to extort as much money as possible,” Downing said during the hearing.

Continue Reading

Recent

Signup for Broadband Breakfast

Get twice-weekly Breakfast Media news alerts.
* = required field

Trending