WASHINGTON, July 13, 2011 – Child ID Theft more commonly occurs via organized crime, but the most severe damage happens when done by family members, experts concluded at a joint Child ID Theft forum Tuesday.
Federal Trade Commission and Department of Justice held the forum one day after hacktivist group ‘Anonymous’ attacked U.S. government security contractor, Booz Allen Hamilton, resulting in the theft of 90,000 military email addresses.
Five panels, which included government officials, data security industry professionals and child safety advocates discussed the realities of the problem and solutions for combating the Child ID Theft. Child ID Theft – in cases of poverty, substance abuse and child neglect by family members – occurs through using a child’s Social Security Number under an assumed identity in order to utilize the child’s credit.
The damage inflicted by family members is more severe than that committed by organized crime syndicates because of the emotional damage inflicted upon the child, said the panelists.
“Child ID Theft is real, but don’t panic – it is a problem that we’re starting to get visibility to,” said panelist Tom Oscherwitz, Chief Compliance and Privacy Officer at IDAnalytics, a credit identity and risk management company.
While legislative and law enforcement efforts can only react to the problem after it has happened, panelists and conference members stressed the importance of action taken in the realm of education and parental awareness. Panelists agreed that parents must take the protection of their children’s identities seriously, and they should teach their children about ID theft in the same way they are taught to not accept car rides from strangers.
“This is just part of Parenting 101 in the current day,” said Alan Simpson, Vice President of Policy for Common Sense Media, a family media education nonprofit corporation.
Child ID Theft is one part of the continued barrage of data security attacks on industry and government networks. Such events have brought significant media attention to weaknesses in network security, but attention a vigilant corporate culture must also be the norm for companies and government agencies nowadays.
“A successful, security-conscious culture is based on its adoption by each employee who believes that it is his/her right and duty to ensure the security envelope of the firm is protected and that no one is exempt from mature participation,” said panelist Richard Boyle, President and CEO of ECMC Group, nonprofit corporation specializing in higher education finance.
Companies Should Adopt Default No Trust Position on Programs to Protect Against Cyberattacks
Panelists identified risks in employees freely accepting links without thinking about their associated risks.
WASHINGTON, August, 24, 2022 – Companies should assume that new programs installed on company systems pose a threat to their networks to ensure a vigilant position on hacking risks, according to an expert on cybersecurity, after the country faced a number of high-profile cyberattacks recently.
The zero trust approach in which the default position is one of distrust of new programs was touted by Osman Saleem, cybersecurity and privacy director of operational technology and internet of things at professional services firm PricewaterHouseCoopers in Canada, who was speaking as a panelist on a Fierce Telecom event on Monday.
The event heard that the vast majority of security breaches at companies were a result of human error, including clicking on links containing malicious software (malware) that can wreak havoc on and suspend company systems. Data, in the case of a ransomware attack, can be locked away until the company pays a monetary sum to get it back.
Fred Gordy, director of cybersecurity at smart building company Intelligent Buildings, said companies sometimes don’t even back-up their systems in the event of an attack and only end up doing so in response to an attack.
Gordy also encouraged the zero trust approach to company security by assuming all digital programs and software have malware.
Opportunities for better cybersecurity
Saleem proposed that cybersecurity documents be reviewed and revised regularly because the cyber landscape always changes. This, he said, can protect the digital infrastructure of the companies’ systems, operations and employees.
Meanwhile, Congress has been pressing the issue, following the high-profile cyberattacks on software company SolarWinds, financial services company Robinhood, meat producer JBS, and oil transport company Colonial Pipeline. President Joe Biden earlier this year signed, as part of a larger budget bill, the Cyber Incident Reporting for Critical Infrastructure Act of 2022, which requires certain critical infrastructure companies to report cyberattacks to the federal government.
A House Oversight and Reform committee investigation concluded that certain hacks on companies were perpetrated through, in one example, an employee accepting a fake browser update. In the case of Colonial Pipeline and JBS, the use of many devices connected to the internet (IoT), the investigation found mass-produced factory password settings may have been the point of vulnerability.
Rep. Swalwell Says App Preference Bill Will Harm National Security
‘I just want to limit the ability for any bad actor to get into your device.’
July 27, 2022 – Antitrust legislation that would restrict the preferential treatment of certain apps on platforms would harm national security by making more visible apps from hostile nations, claimed Representative Eric Swalwell, D-Calif, at a Punchbowl News event Wednesday.
The American Innovation and Choice Online Act is currently under review by the Senate and, if passed, would prohibit certain online platforms from unfairly preferencing products, limiting another business’ ability to operate on a platform, or discriminating against competing products and services.
The legislation would ban Apple and Google from preferencing their own first-party apps on their app stores, which would make it easier for apps disseminated from hostile nations to be seen on the online stores, Swalwell said.
“[Russia and China] could flood the app store with apps that can vacuum up consumer data and send it back to China,” said Swalwell, adding that disinformation regarding American elections would spread. “Until these security concerns are addressed, we should really pump the breaks on this.”
Swalwell asked for a hearing conducted by Judiciary Committee of the House with the National Security Agency, Federal Bureau of Investigation, and Homeland Security officials to lay out what the bill would mean for national security.
“I just want to limit the ability for any bad actor to get into your device, whether you’re an individual or small business,” said Swalwell.
Lawmakers have become increasingly concerned about China’s access to American data through popular video-sharing apps, such as TikTok. Last month, Federal Communications Commissioner Brendan Carr called for Apple and Google to remove the app on the grounds that the app’s parent company, ByteDance, is “beholden” to the Communist government in China and required to comply with “surveillance demands.”
The comments follow debate surrounding the bill, which was introduced to the Senate on May 2 by Sen. Amy Klobuchar, D-Minn., on how it would affect small businesses and American competitiveness globally.
Government Should Incentivize Information Sharing for Ransomware Attacks, Experts Say
‘Information sharing between the government and the private sector, while integral to tackling ransomware, is inconsistent.’
WASHINGTON, July 27, 2022 – The federal government should incentivize the reporting of cyberattacks through safe harbor and shield laws, said experts at an Atlantic Council event Tuesday, as a recent law requiring companies in critical infrastructure sectors to report such attacks to the federal government is limited and currently unclear on who exactly it impacts.
The Cyber Incident Reporting for Critical Infrastructure Act passed in March does not cover private companies who do not operate in the critical infrastructure sectors and does not include safe harbor and shield laws that would encourage private companies to engage in the process.
Oftentimes, companies will avoid interacting with law enforcement to avoid the stigma associated with being a victim of a cyberattack and out of fear of being held liable by regulators and investors, said Trent Teyema, senior fellow at technology policy university collaborative GeoTech Center.
Teyema called for a safe harbor framework, a law that provides protection against legal liability when other conditions are met. Such a provision would decrease the risk of companies being held liable for cyberattacks from regulators, investors, and the public.
He also called for shield laws that would protect against revealing certain information to the government as a requirement for receiving law enforcement assistance.
The government needs to make it easy for the private sector to share information with law enforcement, said Teyema.
“Information sharing between the government and the private sector, while integral to tackling ransomware, is inconsistent,” read a report written by Teyema and David Bray, fellow at GeoTech Center. Information sharing across sectors allows cybersecurity experts in both sectors to learn about new vulnerabilities in software and new attack vectors. It strengthens collective resiliency and can influence the processes used to anticipate and respond to threats, continued the report.
Ransomware on the rise
Ransomware attacks in which bad actors demand money to release encrypted data are increasing dramatically, reported the White House last year. Ransomware incidents often disrupt critical services, such as banks, hospitals and schools that require constant access to data. In 2021, there was approximately $20 billion in damages from ransomware attacks in the United States, with $11 billion in 2020 and $5 billion the year before, said Bray.
This follows on the heels of the 2021 Colonial Pipeline hack that targeted the billing system and led to the shutdown of the largest fuel pipeline in the United States. The Russian-speaking cybercrime group responsible, DarkSide, received $4.4 million in ransom from Colonial, part of which was later recovered by the United States law enforcement.
Research firm Cybersecurity Ventures predicts that there will be a ransomware attack every two seconds by the year 2031 with global costs exceeding $265 billion.
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