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Negative Unemployment: That Giant Sucking Sound In Security
/by RedSealFORBES | March 21, 2017
By Dr. Mike Lloyd, RedSeal CTO
Businesses everywhere are facing the fact: the security talent pool is dry. I spoke to a manager recently who had hired a security analyst after eight months of searching. Each month he had reduced the requirements and increased the salary. Needless to say, in the end, he was getting less than he wanted for a lot more money. If you are a security professional, this seems great – we have one of the few jobs that are not about to be replaced with automation, and there’s no end in sight to the skills shortage.
But if we take a wider view, this is a big economic problem. Security work is either not getting done, or is being done by people who lack the background or aptitude.
Trump’s Budget Proposal to Significantly Boost Cybersecurity Funding
/by RedSealSIGNAL | March 16, 2017
The White House’s first federal budget blueprint unveiled Thursday seeks to fund the nation’s cybersecurity efforts by boosting budgets of the U.S. Defense Department and Department of Homeland Security—an initiative officials say will guard against the magnified threat landscape that is only getting worse.
The budget seeks $1.5 billion for the DHS that will help the government modernize federal computer networks that “can no longer sustain themselves,” White House homeland security adviser Thomas Bossert said a day earlier during Cyber Disrupt 2017, an event hosted by the Center for Strategic and International Studies, or CSIS.
Nine Ways To Protect Your Technology Company From DDoS Attacks
/by RedSealFORBES | March 16, 2017
DDoS attacks can wreak havoc on your company’s efficiency if you’re not careful. The Mirai botnet — malware that can be used for large-scale network attacks — can often go undetected due to common oversights and lack of preparation. It may be daunting to think about how IoT devices that make your company run smoothly can be used against you; however, it doesn’t take much time to set up multiple precautions to prevent it.
Below, executives from Forbes Technology Council highlight simple and cost-effective ways that you can safeguard your company from baleful botnets.
DOJ Indicts Suspected Yahoo Hackers From Russia
/by RedSealSEARCH SECURITY and TECH TARGET | March 15, 2017
The U.S. Department of Justice indicted four defendants accused of being the Yahoo hackers behind the breach of 500 million user accounts in 2014.
Three of the four defendants are Russian nationals — Dmitry Aleksandrovich Dokuchaev, Igor Anatolyevich Sushchin and Alexsey Alexseyevich Belan. Dokuchaev and Sushchin are officers of the Russian Federal Security Service (FSB), which is an intelligence agency similar to the CIA, while Belan is on the list of most-wanted cybercriminals and has been charged by the DOJ twice before. The final man indicted, Karim Baratov, is a Kazakh national and was the only one to be arrested. He was arrested in Canada where he is a resident; the three others are in Russia, and extradition is unclear.
Cyber Rule Could Quell the Urge to Merge for Government Contractors
/by RedSealSIGNAL | March 10, 2017
A revised NIST guideline raises the risk profile of M&A deals and presents challenges.
Do you work for a cyber company with federal government contracts? If so, hold onto your hat, because $210 billion in government information technology contracts will expire this year and be re-competed.
Federal IT security spending will continue to grow between 2016 and 2021, despite a relatively flat IT market, according to research firm Deltek. The bottom line: More money will be spread out over fewer contracts. This contract streamlining could mean big changes for the industry. “Consolidating contracting into fewer contracts will heighten competition,” reads a portion of the Deltek report. It also could trigger a wave of mergers and acquisitions as competitors expand their in-house capabilities.
People, Capital and Continuous Monitoring
/by RedSealMIDDLE MARKET EXECUTIVE | March 7, 2017
With Ray Rothrock, RedSeal Chief Executive Officer
MME: What are your priorities when it comes to growing this middle market business over the next 12 months?
“My job is to resource the company, people and capital, and maybe technology if that’s needed, but it’s mostly people because my priority is to grow this business globally as fast as I can, point one. Point two, we have a database and we’re doing a full conversion of that database so that we can actually get into a full, continuous monitoring across a massive, global network like a large company would have.
Right now, it’s batch. We run our softwares at batch and I want to run it continuously, so we’re in a transition. So, two things, advance sales globally and to get our database up so we can do this continuous monitoring because that’s where the future is. Those are the two things. And so what do I need for that? I need people, and so I need money, so I’m in the fundraising mode right now. That’s my number one job, that’s the key resource I can bring to RedSeal, capital.”
Building A Tougher Wall
/by RedSealARABIAN COMPUTER NEWS | March 5, 2017
By Ray Rothrock, RedSeal Chief Executive Officer
Ray Rothrock, chairman & CEO of RedSeal, examines the importance of digital resilience in the overall cybersecurity strategy.
Who says prevention is better than cure? Since the advent of networks and hacking, prevention, coupled with detection, has been the primary cyber strategy to counter cyberattacks. But, with the exponential increase in the pace and complexity of digital connections, and sophistication of the attackers, this approach is falling short as the recent Shamoon attacks in Saudi Arabia so clearly demonstrated.
Clearly, we need more and better prevention. But, here’s the cold, hard truth: It’s not a question of if your organisation will suffer a security breach but when – no matter how good your prevention is. Cyber-attacks are now so advanced that, should a hacker’s attention turn to your company, the attack will almost certainly succeed in getting inside your network. Your mission should be to shut the attacker down – and fast.
Infosec Mourns Over Howard Schmidt, Who Helped Make the Country a Safer Place
/by RedSealCSO | March 3, 2017
Howard Schmidt, who passed away yesterday morning at his home after a battle with cancer, was a storied figure in world of cybersecurity.
He advised both President Brack Obama and George W. Bush on cybersecurity. He was a CSO at Microsoft and a CISO at eBay. He led several industry groups, and wrote books on cybersecurity.
But when security professionals remember him, it is not so much for his technical accomplishments as for the impact he had on the people around him. He is remembered as a mentor, a communicator, and an educator.
Why It’s Time for a New Approach to Network Security
/by RedSealCOMPUTER BUSINESS REVIEW | 2 March 2017
By Dr. Mike Lloyd, RedSeal CTO
Dr. Mike Lloyd looks at the year ahead for businesses and security and why having an up-to-date, realistic blueprint of your network is now more important than ever.
Barely two months into the New Year and already we face tales of new cybersecurity incidents are flooding in. Whether it’s the theft of sensitive customer data, corporate espionage, damaging ransomware-related outages or state-sponsored hacking, the risks have never been greater. And no organisation can claim to be 100% safe. But with UK firms each suffering an estimated 230,000 attacks on average in 2016, the focus must now be on building resilience into corporate networks to ensure the coming year is a more secure one for organisations.
Canadian Businesses in “Huge Denial” About Fraud
/by RedSealPYMNTS | March 2, 2017
The news surrounding corporate security has been dark as of late.
First, just before the start of the new year, researchers at RedSeal concluded that corporates, both large and small, are frankly being “naïve” about their cybersecurity risks. Then, earlier this month, reports from Centrify found new evidence of increases in corporate cyber attacks, suggesting cybersecurity service providers aren’t doing their job.
“Despite over $75 billion spent on cybersecurity in 2016, the products and services from major security companies have failed to stop breaches from occurring, and in fact, the problem is getting worse,” declared Centrify CEO Tom Kemp at the time.