|By PR Newswire||
|June 21, 2013 09:38 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 Lowery, 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
"We work in the area of Big Data analytics and Big Data analytics is a very crowded space - you have Hadoop, ETL, warehousing, visualization and there's a lot of effort trying to get these tools to talk to each other," explained Mukund Deshpande, head of the Analytics practice at Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 2, 2016 01:30 AM EDT Reads: 847
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2016' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited t...
Jul. 2, 2016 01:00 AM EDT Reads: 764
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 1, 2016 08:30 PM EDT Reads: 807
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 1, 2016 06:30 PM EDT Reads: 785
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jul. 1, 2016 06:00 PM EDT Reads: 551
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
Jul. 1, 2016 05:30 PM EDT Reads: 798
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profession...
Jul. 1, 2016 05:15 PM EDT Reads: 659
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 1, 2016 04:15 PM EDT Reads: 270
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Jul. 1, 2016 03:15 PM EDT Reads: 340
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Jul. 1, 2016 02:00 PM EDT Reads: 1,437
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 1, 2016 01:15 PM EDT Reads: 357
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Jul. 1, 2016 01:00 PM EDT Reads: 1,053
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Jul. 1, 2016 01:00 PM EDT Reads: 708
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
Jul. 1, 2016 12:30 PM EDT Reads: 694
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jul. 1, 2016 12:00 PM EDT Reads: 664
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 1, 2016 10:45 AM EDT Reads: 588
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jul. 1, 2016 10:30 AM EDT Reads: 1,118
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Jul. 1, 2016 10:00 AM EDT Reads: 542
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 1, 2016 09:30 AM EDT Reads: 1,217
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 1, 2016 09:00 AM EDT Reads: 713