Increased Cyber Regulation in the Offing As Attacks Mount

BLACK HAT EUROPE 2023 - London - Expect governments to impose greater levels of cybersecurity regulation if businesses cannot defend against major attacks and stop breaches from happening.
That's a prediction from Black Hat founder Jeff Moss, speaking at Black Hat Europe in London this week.
He believes that eventually, the world will come to a tipping point where too many highly impactful breaches and escalating infrastructure hits from nation state-sponsored attackers will spur governments to act.
Moss also said that security could head towards a Sarbanes Oxley moment, a US law implemented after the 2001 collapse of Enron that protects investors by auditing for fraudulent accounting and shady financial practices at publicly traded companies.
Achieving SOX compliance requires financial reports to include an internal controls report to show that a company's financial data is accurate, and adequate controls are in place to safeguard financial data - and one can easily see how that could translate to cybersecurity auditing.
Black Hat Europe keynote speaker and former Uber CISO Joe Sullivan stresses that regulators need to be level-headed in terms of who should be held accountable for keeping people safe, and consider the realities of how data breaches and their containment play out on the ground.
Speaking to Dark Reading, Sullivan uses the example of the SEC's newly implemented data-breach reporting rules; when the SEC put a request out for feedback on a draft set of the rules, it failed to incorporate insight from those working in the trenches, he alleges.
A regulatory approach, if done correctly, could make security a whole-of-company focus, which could lead to positive outcomes in terms of preparedness and defenses, he says.


This Cyber News was published on www.darkreading.com. Publication date: Fri, 08 Dec 2023 20:50:10 +0000


Cyber News related to Increased Cyber Regulation in the Offing As Attacks Mount

Cyber Insurance for Businesses: Navigating Coverage - To mitigate these risks, many businesses opt for cyber insurance. With the wide range of policies available, navigating the world of cyber insurance can be overwhelming. In this article, we will delve into the complexities of cyber insurance and ...
9 months ago Securityzap.com
Cyber Insights 2023: The Geopolitical Effect - The result is more than a dozen features on subjects ranging from AI, quantum encryption, and attack surface management to venture capital, regulations, and criminal gangs. The Russia/Ukraine war that started in early 2022 has been mirrored by a ...
1 year ago Securityweek.com
Cyber Insurance: A Smart Investment to Protect Your Business from Cyber Threats in 2023 - Don't wait until it's too late - get cyber insurance today and secure your business for tomorrow. According to the U.S. Federal Trade Commission, cyber insurance is a particular type of insurance that helps businesses mitigate financial losses ...
9 months ago Cyberdefensemagazine.com
Fighting ransomware: A guide to getting the right cybersecurity insurance - While the cybersecurity risk insurance market has been around for more than 20 years, the rapidly changing nature of attacks and the rise in the ransomware epidemic has markedly changed the nature of cyber insurance in recent years. It's more ...
10 months ago Scmagazine.com
What CIRCIA Means for Critical Infrastructure Providers and How Breach and Attack Simulation Can Help - Cyber Defense Magazine - To prepare themselves for future attacks, organizations can utilize BAS to simulate real-world attacks against their security ecosystem, recreating attack scenarios specific to their critical infrastructure sector and function within that sector, ...
1 month ago Cyberdefensemagazine.com
Three Key Threats Fueling the Future of Cyber Attacks - Improvements in cyber security and business continuity are helping to combat encryption-based ransomware attacks, yet the cyber threat landscape is continually evolving. Protecting an organization against intrusion remains a cat and mouse game, in ...
7 months ago Cyberdefensemagazine.com
IT Professionals in ASEAN Confronting Rising Cyber Security Risks - The ASEAN region is seeing more cyber attacks as digitisation advances. In July 2023, the Association of Southeast Asian Nations officially opened a joint cyber security information sharing and research centre, or Cybersecurity and Information Centre ...
11 months ago Techrepublic.com
Wargames director Jackie Schneider on why cyber is one of 'the most interesting scholarly puzzles' - In other games, we had people from Silicon Valley who were leading AI companies or cyber companies. What we found is those who had expertise in cyber operations were more likely to be more nuanced about how they used the cyber capability. On a larger ...
5 months ago Therecord.media
Does Pentesting Actually Save You Money On Cyber Insurance Premiums? - Way back in the cyber dark ages of the early 1990s as many households were buying their first candy-colored Macintoshes and using them to play Oregon Trail and visit AOL chat rooms, many businesses started venturing into the digital realm as well by ...
11 months ago Securityboulevard.com
Cyber Insights 2023: Cyberinsurance - The result is more than a dozen features on subjects ranging from AI, quantum encryption, and attack surface management to venture capital, regulations, and criminal gangs. In 2022, Russia invaded Ukraine with the potential for more serious and more ...
1 year ago Securityweek.com
The Evolution of Cyber Threats: Past, Present, and Future - Cyber threats have evolved significantly over time, posing increasing risks to individuals, organizations, and governments in our interconnected world. Let's explore the past, present, and future of cyber threats to better understand how to protect ...
9 months ago Securityzap.com
Uncertainty Is the Biggest Challenge to Australia's Cyber Security Strategy - Political shifts could lead to changes in Australia's cyber security strategy. Early in 2023, as the Australian government started to craft its cyber security vision, it met with opposition at both ends of the political spectrum. On the right wing, ...
10 months ago Techrepublic.com
Meet Your New Cybersecurity Auditor: Your Insurer - As businesses deal with the fallout of massive ransomware waves, from Lapsus$ to Cl0p/MOVEit, an unlikely new entity is joining the regulatory bodies to raise the bar for cybersecurity: the cyber insurer. Their coverage requirements and ...
11 months ago Darkreading.com
5 Ways to Counteract Increasing Cyber Insurance Rates - Despite this threat, only 55% of organizations have some form of cyber insurance, and only 19% have coverage for cyber events beyond $600,000. As the cybersecurity landscape continues to evolve, businesses must carefully evaluate their risk exposure ...
9 months ago Cybersecurity-insiders.com
The top cyber security news stories of 2023 - 2023 was a busy year for cyber criminals, making it tough to choose the top cyber security news stories of 2023. Cyber security professionals have had their hands full in protecting sensitive information and detecting breaches to ensure the safety of ...
11 months ago Securityboulevard.com
Cybersecurity Tops 2024 Global Business Risks - The newly released Allianz Risk Barometer revealed that Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally, as well as in the United States, in 2024. The 13th annual business ...
9 months ago Cybersecurity-insiders.com
The year of Mega Ransomware attacks with unprecedented impact on global organizations - A Staggering 1 in every 10 organizations worldwide hit by attempted Ransomware attacks in 2023, surging 33% from previous year, when 1 in every 13 organisations received ransomware attacks Throughout 2023, organizations around the world have each ...
10 months ago Blog.checkpoint.com
Worried about job security, cyber teams hide security incidents - Between a growing talent shortage, alert fatigue, and new sophisticated attack methods, companies are more susceptible than ever. The research reveals that 40% of cyber teams have not reported a cyber incident out of fear of losing their jobs - a ...
5 months ago Helpnetsecurity.com
Mississippi Creates New Cyber Unit and Names First Director - The state of Mississippi has recently announced the creation of a new dedicated cyber security unit, as well as the naming of its first director. The Mississippi Cyber Security Unit, headed by Director Kelly Hurst and backed by the Mississippi Office ...
1 year ago Securityweek.com
9 Best DDoS Protection Service Providers for 2024 - eSecurity Planet content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. One of the most powerful defenses an organization can employ against distributed ...
11 months ago Esecurityplanet.com
75% Organizations Struggle with Recurring Cyber Attacks - In a time when advancements in technology rule these days, the constant risk of cyber attacks hangs over businesses all over the world. This study highlighted the difficulties Chief Information Security Officers encounter during cyber attacks. This ...
11 months ago Securityboulevard.com
With Attacks on the Upswing, Cyber-Insurance Premiums Poised to Rise Too - An increase in cyber-insurance claims in 2023, driven by a more active threat landscape, will likely mean that last year's price plateau in cyber-insurance premium costs will be short-lived, according to industry experts. While premium costs fell by ...
10 months ago Darkreading.com
Cyber Insights 2023: ICS and Operational Technology - The result is more than a dozen features on subjects ranging from AI, quantum encryption, and attack surface management to venture capital, regulations, and criminal gangs. At the same time, ICS/OT is facing an expanding attack surface caused by ...
1 year ago Securityweek.com
Enabling Threat-Informed Cybersecurity: Evolving CISA's Approach to Cyber Threat Information Sharing - One of CISA's most important and enduring roles is providing timely and actionable cybersecurity information to our partners across the country. Nearly a decade ago, CISA stood up our Automated Indicator Sharing, or AIS, program to widely exchange ...
11 months ago Cisa.gov
The Shift in Power from CIO to CISO: The Rise in Cyber Attacks Enables Greater Resources and Budget Allocation - Often when we talk about the impact of these cyber threats, we inevitably focus on the wallet as well as how they can tarnish a business's reputation. As a result, we are witnessing the beginnings of a shift in power from the CIO to the Chief ...
11 months ago Cybersecurity-insiders.com

Latest Cyber News


Cyber Trends (last 7 days)


Trending Cyber News (last 7 days)