Wyly Wade

Tag: cybersecurity

White House proposes formation of a cybersecurity insurance market

A new study found that 31% of companies have cybersecurity insurance policies, while 39% planned to purchase a policy in the future. The study, released Wednesday by information services group Experianplc, underscores the quick development of the nascent industry, which has picked up speed in recent years as companies wake up to a pervasive cyber threat.“There is a definite expansion…

Cybersecurity? It will never happen to me — Real corporate espionage

A Chinese energy firm offered big money and access to women to entice an engineer at a U.S. company to launch a cyber raid on his employer, stealing sensitive computer codes and “thereby cheating (the firm) … out of more than $800 million…” An Austrian court has convicted American Superconductor’s rogue employee, Dejan Karabasevic, and already sentenced…

Hack my Toilet

Now the Internet of Things has moved to my toilet. I wonder why you would need to have your smartphone app for your toilet. A luxury toilet controlled by a smartphone app is vulnerable to attack, according to security experts. Retailing for up to $5,686 (£3,821), the Satis toilet includes automatic flushing, bidet spray, music and fragrance…

ABA Cybersecurity Handbook

In lead up to the Annual ABA meeting in San Franscisco, the ABA has released its guidebook for cybersecurity. This is a reference for attorneys, law firms and business professionals. It provides practical cyber threat information, guidance, and strategies to lawyers and law firms of all sizes. The guide considers the interrelationship between lawyer and client, establishing…

Cybersecurity: US needs to build partnership with India

India‘s primary concern is not Pakistan; the country’s primary concern is internal issues; secondly is its relations with the US and Western Europe. It is a shame that the US does not work more closely with India. They could have no better friend in the region but the relationship has been disappointing for the past…

Cybersecurity for the Internet of Things

Every enterprise will be affected by the Internet of Things (IoT), the growing phenomenon by which not only people, but also “things” — vehicles, commercial and industrial equipment, medical devices, remote sensors in natural environments — are linked to networks that are connected to the internet. Expect the impact on your business to be profound. Just as…

Cyberattacks from Indonesia just jumped from 1% to more than a fifth of the global total

In Akamai’s latest report (pdf), which looked at the first quarter of 2013, attacks from Indonesia jumped by a factor of 30 to account for over a fifth of all attacks. That makes it second only to China. No other country on the list came anywhere close in terms of growth. In addition, the Indonesia…

How new cybersecurity rules bedevil electric industry

National Institute of Standards and Technology (NIST) is contemplating a new cybersecurity framework for all critical infrastructure industries, including the electric industry, the question remains for the electric industry: how is this supposed to work? The first mandatory NERC CIP standards were proposed in 2006, and FERC is now considering Version 5. How new cybersecurity…

Hackers break into and take down Hospital VOIP system.

For nearly two days in March, ambulances and patients’ families calling the San Diego hospital heard nothing but busy signals. A hospital in San Diego became victim of a new kind of extortionist, one that took over the hospitals VOIP network shutting down the entire phone system of the hospital. No inbound or outbound calls, no…

U of Wisconsin is sustaining as many as 100,000 hacking attempts per day from China

“We get 90,000 to 100,000 attempts per day, from China alone, to penetrate our system,” said Bill Mellon of the University of Wisconsin, the associate dean for research policy. “There are also a lot from Russia, and recently a lot from Vietnam, but it’s primarily China.” “It’s sort of the opposite of the corporate structure,” which is…

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