Tag: critical infrastructure

New Cybersecurity Regulation Poised to Reshape Business Priorities

The new U.S. Securities and Exchange Commission (SEC) rules set to come into play in the spring of 2023 will force listed companies to report their cyberattacks to core stakeholders, such as investors, customers, and regulators. The 2011 interpretive guidance released by the Division of Corporation Finance was reinforced and expanded on by the SEC […]

The Changing Threat Landscape of Cyber Risk

Our latest Allianz risk report looks at today’s cyber risk landscape and the emerging threats posed by the growing reliance on cloud services, an evolving third-party liability landscape that means higher compensation and penalties, as well as the impact of a shortage of cybersecurity professionals. We found that ransomware and phishing scams are as active […]

CISA Kicks Off Infrastructure Security Month 2022

The Cybersecurity and Infrastructure Security Agency (CISA) announced November 1 as the kickoff of Infrastructure Security Month 2022 and highlighted its extensive resources to help raise awareness about threats to critical infrastructure. This year’s theme is “Infrastructure Security Is National Security: Drive Down Risk, Build Resilience.” Critical infrastructure spans everything from healthcare, water, and education to […]

New Blueprint Helps Build Cyber Resilience to Growing Ransomware Threat

In May 2021, the United States was stunned by a ransomware attack on the Colonial Pipeline that brought fuel delivery on the East Coast to a standstill. While this attack shed light on the long-standing digital vulnerabilities in the country’s critical infrastructure, ransomware has always been quietly pummeling small and midsize American businesses. In 2021, […]

Biden Admin Launches $1 Billion State and Local Cybersecurity Grant Program

The U.S. Department of Homeland Security (DHS) announced a “first-of-its-kind” cybersecurity grant program specifically for state, local, and territorial (SLT) governments across the country. This State and Local Cybersecurity Grant Program, made possible thanks to President Biden’s Bipartisan Infrastructure Law, provides $1 billion in funding to SLT partners over four years, with $185 million available […]

While Cyber Reporting Law Will Help Combat Ransomware, Data Recovery Remains Essential 

With President Biden signing a $1.5 trillion omnibus appropriations bill into law earlier this year, the federal government is poised to spend billions of dollars to strengthen cybersecurity and information technology within its agencies. But the spending package also addresses one of the more persistent challenges to identifying and mitigating wide-ranging cyberattacks, including ransomware, in […]

Now & Next: Drone Market Is Taking Off

Unmanned aircraft systems (UAS), commonly known as drones, have soared in popularity over the past few years. With nearly 1 million commercial and recreational drones currently registered in the U.S., the futuristic flying machines now represent both major opportunities and potential dangers for security operations. Thus, the security industry continues to develop UAS and counter-UAS […]

Why DOD Must First Define Its Critical Infrastructure to Protect U.S. National Interests

With the introduction of the FY2023 National Defense Authorization Act (NDAA), defending critical infrastructure has been top of mind for the federal government. House-passed amendment 955 of the FY23 NDAA calls for the creation of a class of “systemically important” critical infrastructure providers. The debate and discussion about critical infrastructure continues from one started last […]

IBM Report Reveals Top Data Breach Trends as Costs Hit All-Time High

IBM Security released its 2022 Cost of a Data Breach Report, revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the annual report, the findings suggest these […]

Supply Chain Blind Spots Expose New Energy Industry Cybersecurity Risks

Energy is one of the top three industries reporting cyberattacks, and it faces specific challenges. Companies in the sector have been tackling IT security for several decades. But securing operational technology (OT)—the computing and communications systems that manage, monitor, and control industrial operations—has become a more recent and increasingly urgent challenge for the sector. As […]