Keynote slides from TagNW Summit 2019

During this Hyperproof live stream series, leaders in information security shed light on crucial topics that shape the modern cybersecurity landscape. This month’s episode features Jeff Warren, Owner & Principal Consultant at South Lake Cyber Risk, LLC, and our host, Kayne McGladrey, Field CISO at Hyperproof. Guided by Kayne and audience questions, Jeff will share insights into his current work and past experiences in the field. Register now for your chance to learn from one of today’s top infosec pros.

“IoT security remains one of the most challenging security vulnerabilities to businesses and consumers,” says Kayne McGladrey (@kaynemcgladrey), Director of Information Security Services at Integral Partners. “The Mirai and Reaper botnets are results of threat actors leveraging poor security controls on IoT devices, building attack infrastructure out of those devices, and using that stolen infrastructure to attack organizations. Organizations purchasing IoT/IIoT devices should treat them the same as any other endpoint device connecting to the corporate network.”

The updates to Noberus are concerning but expected. “This is the new normal. Criminal groups will continue to reinvest part of their profits in research and development to drive the innovation cycle of development and distribution of their unwanted products,” says Kayne McGladrey, field CISO at Hyperproof.

“It should be a strategic choice for a company to transfer certain business risks associated with cybersecurity threats, which exceed an acceptable level of risk, to an insurer,” says Kayne McGladrey, a senior member of the IEEE. “The expectation is that the insurer will help lessen the financial impact of significant cyber incidents or data breaches.”

However, this approach assumes companies maintain risk registers with clear definitions and measurement criteria for various risk categories, he notes. “It also presumes they use compliance operations to continuously assess the effectiveness of their current controls in reducing or mitigating these risks.”

Cybersecurity risk management exists to help businesses make informed decisions when allocating their limited resources. Although there are several ways of measuring risks and several more risk frameworks, there is no “right” way to conduct risk management other than consistency. Provided that a business documents, discusses, and acts on risk data, the supporting technologies and formulas are not particularly relevant to business leaders or board members.