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October is National Cyber Security Awareness Month

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October marks National Security Month. As organizations around the world face ever increasing cyber threats, awareness and understanding of these threats are key to combating them.

Presented below is a collection of articles from various organizations focusing on National Security Month and recent major hacks.

National Cyber Security Awareness Month – Wikipedia

National Cyber Security Awareness Month (NCSAM) is observed each October since its inception in 2004 in the United States of America. Sponsored by the National Cyber Security Division (NCSD) within the Department of Homeland Security and the National Cyber Security Alliance (NCSA, a non-profit organization), National Cyber Security Awareness Month encourages vigilance and protection by all computer users.

Cyber Security is Everyone’s Responsibility:

“The FBI is doing everything we possibly can, at every level, to make it harder for cyber criminals to operate,” says Associate Executive Assistant Director David Johnson, “and I believe many of them are now starting to think twice before they put fingers to keyboard. But we also ask that the public do its part by taking precautions and implementing safeguards to protect their own data.”

National Cyber Security Awareness Month 2016

Data breaches resulting in the compromise of personally identifiable information of thousands of Americans. Intrusions into financial, corporate, and government networks. Complex financial schemes committed by sophisticated cyber criminals against businesses and the public in general.

As organizations combat this threat new research has shown that by 2020 around $101.6 USD billion will be spent on cybersecurity software, services, and hardware.

Here’s How Much Businesses Worldwide Will Spend on Cybersecurity by 2020

There’s nothing like the fear of being hacked to make businesses willing to spend cash on cybersecurity tools and services. In 2020, these organizations are expected to spend $101.6 billion on cybersecurity software, services, and hardware, according to research released Wednesday by the International Data Corporation.

More and more we see that CyberSecuity is not only an organisational responsibility, it is also a national security focus that is being undertaken by governments world wide.

Australian Prime Minister Malcolm Turnbull recently delivered a keynote on cyber security, which shows the focus this area has been receiving from world leaders.

PM Malcolm Turnbull’s US cybersecurity keynote – 10 takeaways

Australian expertise can help solve global cybersecurity headaches, Prime Minister Malcolm Turnbull has told a US cybersecurity forum. And our leadership is vital: cybercrime costs Asia Pacific one third more in business revenue than other regions around the world, costing more than AU$100 billion last year.

What you need to know about Australia’s three most common cyber threats

A report from the Australian Cyber Security Centre (ACSC) has outlined the most common cyber threats that individuals and businesses are likely to face. The annual report, released yesterday, lists spear-phishing, ransomware and malvertising as the three most common cyber security threats to Australians.

Australia government cyber attack came from foreign intelligence service – report – SWI swissinfo.ch

A padlock is displayed at the Alert Logic booth during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, U.S. August 3, 2016. REUTERS/David Becker (reuters_tickers) By Byron Kaye SYDNEY (Reuters) – A malware attack against Australia’s Bureau of Meteorology which might have spread into other government networks originated from a foreign intelligence service, an official report by the country’s cyber defence agency said on Wednesday.

Of course, all countries are struggling with these same issues, recently some of the biggest hacks have been that of the DNC and Yahoo.

FBI Suspects Russia in Hack of John Podesta Emails

WASHINGTON-The Federal Bureau of Investigation suspects Russian intelligence agencies are behind the recent hacking of the emails of Hillary Clinton’s campaign chairman and of a contractor handling Florida voter data, according to people briefed on the investigations. Top Russian officials on Wednesday, meanwhile, shifted away from denying a role in a separate hack of the Democratic National Committee.

 

China and Russia lead list of Yahoo hack suspects – but some doubt theory

If Yahoo is to be believed in its assertion that a nation-state hacked into its network and made off with user data from 500m accounts, then there are a few obvious suspects, including China and Russia. However, Yahoo has not provided any detailed information about the attack, leading some security experts to raise questions over its origin.

It’s been reported that Verizon Wireless is now seeking up to a billion dollar discount on their agreement to purchase yahoo due to this breach:

Report: Verizon wants $1 billion discount after Yahoo privacy concerns

It’s bad news for Yahoo. The company is in the midst of finalizing its sale to Verizon , but recent revelations about hacking and spying may be costing them a pretty penny. A story from the New York Post alleges that Verizon is now asking Yahoo for a hefty $1 billion discount to finalize what was supposed to be a $4.8 billion deal.

It is clear that the real costs of cyber security can not be measured, even years after the event.

Combine this with the growing international and political flavor to hacking scandals and the real scale of the threat becomes clear.

Considering all the recent hacks, that October is Cyber Security Month, we can only ask ourselves “Does my organization take cyber security as seriously as it should?”

 

Joshua Jager

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