Full article at
https://www.sourcesecurity.com/amp/insights/biggest-ethical-considerations-security-technology-co-227-ga-co-723-ga-co-2566-ga-co-4559-ga-co-11462-ga-co-1582238342-ga-co-1584600779-ga-co-1668670477-ga-co-1670411369-ga-off.1712204052.html
At issue is whether the incident led to significant risk to the organization and its shareholders. If so, it’s defined as material and must be reported within four days of this determination being made (not its initial discovery). “Materiality extends beyond quantitative losses, such as direct financial impacts, to include qualitative aspects, like reputational damage and operational disruptions,” he says. McGladrey says the SEC’s materiality guidance underscores the importance of investor protection in relation to cybersecurity events and, if in doubt, the safest path is reporting. “If a disclosure is uncertain, erring on the side of transparency safeguards shareholders,” he tells CSO.
IEEE Senior Member Kayne McGladrey said that “These threats are not merely theoretical, although at the moment, they are still relatively limited in their application. It is reasonable to expect that threat actors will continue to find innovative new uses of generative AI, extending beyond business email compromise, deepfakes and the generation of attack code.”
“As part of the great resignation of 2021, we’ve seen an increasingly fragmented view of intellectual property on the part of departing employees. Businesses can reduce the substantial risk associated with data exfiltration of trade secrets, regulated data and other sensitive data by deploying and monitoring DLP across the enterprise, including remote endpoints.” — IEEE Senior Member Kayne McGladrey
For smart cities, investing in cyber defense means being able to support a cyber workforce capable of supporting their IoT initiatives. “We’ve seen many failures with widespread deployment of IoT devices, whether due to insecure authentication methods, static passwords, or a lack of centralized and automated patch distribution. As city governments look to the future, they need to consider how they’ll attract a workforce capable of managing, securing, and monitoring millions of always-on devices,” said Kayne McGladrey, IEEE member and director of security and IT at Pensar Development. “This will be a hard sell for many cities, both due to the compensation requirements of the cybersecurity workforce and the perception that municipal jobs are rife with bureaucracy. Cities that succeed will have a vibrant and diverse workforce and realize the cost savings associated with the smart management of cities.”
“Effective defense in depth is not just shiny overlapping technical controls,” said Director of IT and Security Kayne McGladrey. “Rather, it’s the combination of culture, documented and tested processes, policies, and technical controls. For example, an organization with a policy of least privilege, a process for approving account privileges, and a process for auditing and harvesting unused privileges does not need multiple technical controls to implement the desired outcome.” It’s best to start with policy and then enact that in culture, where feasible.
“Few companies had a binder marked `global pandemic,’ but many had policies that called for annual DR testing that they didn’t enact,” said Kayne McGladrey, CISSP and cybersecurity expert. “Teams play how they train, but not having table-topped crisis communications, DR, or IR hurt their responses.”