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Congress introduces bill to improve 'internet of things' security

The Internet of Things Cybersecurity Improvement Act wants to make sure the federal government isn't buying devices that can be easily hacked.
Cnet

Study: Active Shooters Ranked as Top Organizational Threat, but Majority Lacking Necessary Safety Measures

The findings portray a corporate environment with heightened security awareness, which has not, however, translated into tangible preparedness efforts for the majority of organizations.
AP

Don't Buy A Breach: Ten Cybersecurity Red Flags To Look For During M&A Due Diligence

The Marriott security breach is a mergers and acquisitions (M&A) object lesson and highlights the crucial role cybersecurity validation and audits must play during the due-diligence phase.
Forbes

Georgetown launches think tank on security and emerging technology

One issue the center will study, Matheny said, is the extent to which the nation’s artificial intelligence workforce depends on foreign citizens and how immigration policy affects that workforce. Another: How can companies, universities and governments protect information from theft and misuse?
The Washington Post

Facebook uses its apps to track users it thinks could threaten employees and offices

An exploration of the tension between OSHA requirements to maintain a safe and secure workplace and Facebook using its own product to mine data for threats and locations of potentially dangerous individuals.
CNBC

Businesses Fail To Manage Risk Despite Preparing For ‘Major Crisis’

Corporates aren’t prepared to tackle the headwinds of market risks, according to two separate reports.
PYMNTS

The Human Factor in Social Media Risk

Experts agree: The greatest cybersecurity risk modern businesses currently face comes from people — not from a lack of firewalls or security policies.
DarkReading

What PG&E And 2018's Fires Can Teach Investors And Business Owners About Climate Risk And Resiliency

Our access to electricity and to clean water is increasingly tenuous in an era of compounded vulnerability due to climate change. So if you’re an investor or a business that relies on access to electricity and clean water, you are now on notice that you are at risk.
Forbes

Don't Ignore These 10 Global Business Risks In 2019

From coordinated cyberattacks on national critical infrastructure to a supply chain disruption of telecommunications components to an increase in terrorist activities on civilian targets, the number of potential disaster scenarios continues to grow in number and complexity
Forbes

How The FaceTime Bug Puts Business At Risk (And What To Do About It)

Is the FaceTime bug a threat to business? Maybe. Could it be an opportunity to show leadership and foster trust? Yes.
Forbes

The Secret to Leading Organizational Change Is Empathy

How information is communicated to employees during a change matters more than what information is communicated.
Harvard Business Review

Humans Are the Best Security Backup

When the grid goes down, old-fashioned skills save lives.
Foreign Policy

Government Shutdown Impacts Enterprise Security

While federal government shutdown has had an immediate effect on the hundreds of thousands of employees and contractors either furloughed or forced to work without pay, IT security teams outside of the government could potentially be affected as necessary public services become unavailable.
Decipher

76% of UK manufactures see Brexit border delays as business risk

The potential threat of Brexit for UK manufacturers in 2019 is producing a more pessimistic outlook for growth prospects in the coming year. This is according to a major survey released by EEF, the manufacturers’ organisation and the global insurer AIG.
Production Engineering Solutions

Security threats, risks and trends in 2019

Expect more targeted IoT attacks and new nation-state threats in the coming year
TechRadar

Marriott breach puts spotlight on hotel cyber risk

Marriott International Inc.’s disclosure last week of a massive data breach illustrates the potential vulnerability of the hospitality sector, which plays host to mountains of personal information via hotel bookings and loyalty programs, experts say.
Business Insurance

UMD and Resilinc Corp. create index of climate change risk to company supply chains

Researchers in UMD's Earth Systems Science Interdisciplinary Center (ESSIC) and in the Supply Chain Management Center of the Robert H. Smith School of Business have begun work on a prototype of a highly localized "Climate Change Variability/Vulnerability Index." This new research has been launched in light of the Reslinc report on 2017 impacts, and in the aftermath of massive damage caused by 2018 hurricanes Florence and Michael.
Phys.org

Why Non-Financial Metrics are Important for Supplier Risk Analysis

It is easy to zero in on profits, accounting returns, etc. But neglecting non-tangible assets, such as quality, innovation, or customer service risks, will lead to missing relevant early warning signals.
Manufacturers Alliance for Productivity and Innovation

Cyber-attacks, weak government, and energy shocks pose biggest risks to firms, WEF finds

The World Economic Forum (WEF) spoke to more than 12,000 executives around the world about what they considered to be the biggest risks to doing businesses, ranging across political, societal and technological concerns.
CNBC

Business travel risks analysed

According to the Ipsos MORI Business Resilience Trends Watch 2019 survey, carried out in partnership with International SOS, 43 per cent of key business decision-makers believe that travel risks will increase in 2019.
International Travel and Health Insurance Journal

'Self-Defense' Bill Would Allow Victims to Hack Back

The Active Cyber Defense Certainty (ACDC) Act would amend the Computer Fraud and Abuse Act, which bans unauthorized access of computers. The idea of treating a computer virus victim like the recipient of a face-punch, however, has received mixed reviews from experts.
US News and World Report

FBI: U.S. now has one active shooter incident every three weeks

Active shooter incidents are becoming more common, according to an FBI report released Wednesday... The majority of the incidents in the report -- 60 percent -- were over before police could arrive on the scene.
The Washington Post

Startups Are More Vulnerable to Fraud. Here’s Why.

Academic study shows that potential partners and employees may be more likely to deceive startups than established companies.
Harvard Business Review

Social Media Has Doubled the Cost of Reputational Blows

In the aftermath of a reputational crisis, most companies suffer a noticeable drop in stock value. A new study offers evidence that company response has a direct bearing on whether that initial dip has a lasting impact on shareholder value.
Risk & Insurance

Most Companies Suffer Reputation Damage After Security Incidents

New Kroll Annual Global Fraud & Risk Report says 86% of companies worldwide experienced security incidents and information theft and loss in the past twelve months.
Dark Reading

How RAND Is Responding to Truth Decay: Q&A with Michael Rich and Jennifer Kavanagh

RAND President and CEO Michael Rich has been talking about what he sees as an erosion of respect for facts and evidence in political life—a phenomenon he calls “Truth Decay.” He asked RAND political scientist Jennifer Kavanagh to help analyze the issue and lay out a research agenda to better understand Truth Decay's causes and consequences.
RAND Corporation

Failure of a top cloud service provider could cost US economy $15 billion

A new report by Lloyd’s, the specialist insurance and reinsurance market, and risk modeler AIR Worldwide analyzes the financial impact of the failure of a leading cloud provider in the US. The report finds that an extreme cyber incident that takes a top cloud provider offline in the US for 3 to 6 days would result in economic losses of $15bn and up to $3bn in insured losses.
Lloyd's

To Prevent a Digital Dark Age: World Economic Forum Launches Global Centre for Cybersecurity

The World Economic Forum has announced a new Global Centre for Cybersecurity to help build a safe and secure global cyberspace. The centre will be based in Geneva, Switzerland, and will function as an autonomous organization under the auspices of the World Economic Forum. The aim of the centre is to establish the first global platform for governments, businesses, experts and law enforcement agencies to collaborate on cybersecurity challenges.
World Economic Forum

Innovation Should Be a Top Priority for Boards. So Why Isn’t It?

According to a survey of over 5,000 board members from around the world, overall, innovation does not rank as a top strategic challenge for the majority of boards. Although directors in certain industries are more aware of the threat of disruption, the widespread lack of board-level engagement in innovation processes could be a major blind spot and a potential liability.
Harvard Business Review

Quantifying and publicizing a firm's security levels may strengthen security over time

New research from the UBC Sauder School of Business has quantified the security levels of more than 1,200 Pan-Asian companies in order to determine whether increased awareness of one’s security levels leads to improved defense levels against cybercrime.
UBC Sauder School of Business

How a Cyber Attack Could Cause the Next Financial Crisis

How might a financial crisis triggered by a cyber attack unfold? A likely scenario would be an attack by a rogue nation or terrorist group on financial institutions or major infrastructure.
Harvard Business Review