|By PR Newswire||
|June 20, 2013 09:01 AM EDT||
NEW YORK, June 20, 2013 /PRNewswire/ -- PwC US and CSO magazine today released the 2013 State of Cybercrime Survey, which reveals that while cybercrime threats are on the rise, current attempts to counter them remain largely unsuccessful. According to the report, organizations have made little progress in developing ways to defend themselves against both internal and external cyber opponents. Over 500 U.S. executives, security experts, and others from the private and public sectors were surveyed on their views on the state of cybercrime. The survey is a collaborative effort with PwC, CSO magazine, the U.S. Secret Service, the Software Engineering Institute CERT® Program at Carnegie Mellon University, and the FBI.
"The facts are clear: today's organizations are not taking the necessary steps to mitigate the risk of cybercrime, even in the face of increasingly serious and frequent threats," said David Burg, PwC principal in the firm's U.S. Advisory practice focused on cybersecurity. "PwC believes the time is now for organizations to take action. The threat to U.S. business and our nation's infrastructure is very real. Cybersecurity is a business imperative, and senior executives and Boards need to understand the challenges, educate their employees to raise awareness and increase vigilance, and apply cyber threat intelligence to help abate risks from sophisticated threat actors."
"Possibly the most alarming theme that came out of this year's survey results was that U.S. organizations are misjudging the severity of risks they face from cyber attacks from a financial, reputational, and regulatory perspective," said Bob Bragdon, vp and publisher, CSO. "Organizations have increased their attack surface as a result of doing business in an increasingly interconnected and interdependent business landscape. Cyber threats can come from outside and inside the organization. Public awareness has been largely focused on the more sensational successful cyber espionage attacks from nation-states, but the fact is insiders with malicious intent also pose a great security risk."
Although the survey did confirm that attacks continue to range from targeted and sophisticated to fairly simple exploits of vulnerabilities created by years of underinvestment in security programs, technologies, and processes, PwC believes the cybersecurity challenge can – and must -- be met. In many cases companies can be successful in mitigating these attacks with a thorough cybersecurity strategy that is aligned to the business strategy and includes vigilant and proactive awareness of the threat environment, a strong asset identification and protection program and is supported by proactive monitoring and enhanced incident response processes. Attacks that are most severe, often from nation-states, should be faced in conjunction with government agencies.
"Insiders continue to be a threat that must be recognized as part of an organization's enterprise-wide risk assessment. Whether an incident is perpetrated by an employee, contractor, or trusted business partner with malicious intent or without, organizations should implement controls to prevent and detect suspicious activity and take action to consistently respond to the activity," said Randy Trzeciak, technical manager of the Insider Threat Center at CERT.
For the second year in a row, respondents identified insider crimes (33.73 percent) as likely to cause more damage to an organization than external attacks (31.34 percent). The study found that:
- Seventeen percent of respondents who had suffered an insider attack did not know what the consequences entailed;
- Thirty-three percent of respondents had no formalized insider threat response plan;
- Twice as many respondents indicated "non-malicious insiders" cause more sensitive data loss than malicious inside actors; and
- Of those who did know what the insider threat handling procedures were, the majority reported that the cases were handled in-house, without legal action or law enforcement involvement
"One of the key elements in defending against insider attacks is employee training and awareness," added Burg. "Insider threat actors often show early warning signs of malicious intent that IT security tools cannot detect, but which employees and managers will notice – and can respond accordingly."
"The potential threat from insiders cannot be underestimated or dismissed as inconsequential," said Ed Lowry, Special Agent in Charge, Criminal Investigative Division, U.S. Secret Service. "In the current environment, any business model must include a comprehensive cyber security plan that addresses both physical and IT systems security threats. This plan should include education, training, and awareness of all employees and redundant auditing procedures that will help mitigate a single point of failure vulnerability."
"We must consistently get past the privacy and liability issues that arise in the private sector reporting cyber intrusions to the government," said FBI Executive Assistant Director Richard McFeely. "When that happens, we have seen recent notable examples of the power of private sector and government coming together to counter our cyber adversaries."
"Cybercrime is an equal opportunity event and an active cyber defense program is imperative for all organizations," continued Burg. "Today's business leaders need to step up and take a proactive stand to protect their business ecosystem."
For the full survey report, please visit: www.pwc.com/cybersecurity.
PwC's cybersecurity consulting professionals help organizations understand the complex cyber challenges they face today. PwC provides strategies for clients to adapt and respond to risks, and prioritize and protect the most crucial assets to their business strategy and goals. For more information on PwC's cybersecurity point of view, visit: www.pwc.com/cybersecurity.
The 2013 State of Cybercrime Survey was conducted by CSO magazine in collaboration with PwC, the U.S. Secret Service and the Software Engineering Institute CERT Program at Carnegie Mellon University. The survey was conducted between March 20 and April 25, 2013. Over 500 US executives, security experts, and others from the private and public sectors responded to the survey questions.
Note to Editors: References to the 2013 State of Cybercrime Survey must reference PwC, CSO magazine, the U.S. Secret Service and the Software Engineering Institute CERT Program at Carnegie Mellon University.
About CSO Magazine
CSO is the premier content and community resource for security decision-makers leading "business risk management" efforts within their organization. For more than a decade, CSO's award-winning Web site (CSOonline.com), publication, executive conferences, custom solutions and research have equipped security decision-makers to mitigate both IT and corporate/physical risk for their organizations and provided opportunities for security vendors looking to reach this audience. To assist CSOs in educating their organizations' employees on corporate and personal security practices, CSO also produces the quarterly newsletter Security Smart. CSO is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world's leading media, events and research company. Company information is available at www.idgenterprise.com.
About the United States Secret Service
The U.S. Secret Service has taken a lead role in mitigating the threat of financial crimes since the agency's inception in 1865. As technology has evolved, the scope of the U.S. Secret Service's mission has expanded from its original counterfeit currency investigations to also include emerging financial and cybercrimes. As a component agency within the U.S. Department of Homeland Security, the U.S. Secret Service, through their Electronic Crimes Task Forces, has established successful partnerships in law enforcement business and academic communities – across the country and around the world – in order to effectively combat financial and cybercrimes. More information can be found at: www.secretservice.gov.
About the Software Engineering Institute and the CERT Program
The Software Engineering Institute (SEI) is a federally funded research and development center sponsored by the U.S. Department of Defense and operated by Carnegie Mellon University. The SEI helps organizations make measurable improvements in their software engineering capabilities by providing technical leadership to advance the practice of software engineering. The CERT Program serves as a center of enterprise and network security research, analysis, and training within the SEI. For more information, visit the CERT website at http://www.cert.org and the SEI website at http://www.sei.cmu.edu.
About the FBI
As an intelligence-driven and a threat-focused national security organization with both intelligence and law enforcement responsibilities, the mission of the FBI is to protect and defend the United States against terrorist and foreign intelligence threats, including cyber-based attacks and high-technology crimes; to uphold and enforce the criminal laws of the United States; and to provide leadership and criminal justice services to federal, state, municipal, and international agencies and partners.
About PwC's Advisory Practice
PwC's Advisory professionals help organizations improve business performance, respond quickly and effectively to crisis, and extract value from transactions. We understand our clients' industries and unique business challenges, and look across the entire organization — focusing on strategy, structure, people, process and technology — to help clients build their next competitive advantage. See www.pwc.com/us/consulting for more information or follow us @PwCAdvisory.
About PwC US
PwC US helps organizations and individuals create the value they're looking for. We're a member of the PwC network of firms in 158 countries with more than 180,000 people. We're committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com/US.
© 2013 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
SOURCE PwC US
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 27, 2016 11:00 AM EDT Reads: 2,339
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 27, 2016 11:00 AM EDT Reads: 3,956
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 27, 2016 10:15 AM EDT Reads: 1,877
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 27, 2016 07:45 AM EDT Reads: 653
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 27, 2016 03:15 AM EDT Reads: 1,770
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 27, 2016 02:30 AM EDT Reads: 2,004
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 27, 2016 01:45 AM EDT Reads: 1,734
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 27, 2016 01:15 AM EDT Reads: 2,016
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 27, 2016 12:45 AM EDT Reads: 2,938
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 26, 2016 10:00 PM EDT Reads: 1,861
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 26, 2016 07:00 PM EDT Reads: 689
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 26, 2016 04:45 PM EDT Reads: 1,553
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 26, 2016 03:15 PM EDT Reads: 509
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 26, 2016 10:15 AM EDT Reads: 3,600
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 26, 2016 05:00 AM EDT Reads: 3,064
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 25, 2016 11:45 PM EDT Reads: 2,326
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 25, 2016 09:15 PM EDT Reads: 2,250
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Aug. 25, 2016 05:15 PM EDT Reads: 801
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 25, 2016 01:00 PM EDT Reads: 2,642
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aug. 25, 2016 08:45 AM EDT Reads: 2,168