Companies scramble to fill these in-demand cybersecurity roles | IBM boosts data encryption with mainframe update | Elon Musk discusses his concerns about AI
July 20, 2017
Data Security & Privacy SmartBrief
Top Story
Companies scramble to fill these in-demand cybersecurity roles
Companies scramble to fill these in-demand cybersecurity roles
Penetration testers, chief information security officers and cybersecurity engineers are the three most in-demand cybersecurity roles this year, staffing agency Mondo reports. These positions will continue to be in-demand through 2018, the agency predicts, with many companies offering perks, benefits and higher salaries to fill the roles.
TechRepublic (7/17) 
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Data Security & Privacy
IBM boosts data encryption with mainframe update
IBM boosts data encryption with mainframe update
(Odd Andersen/Getty Images)
IBM has upgraded the System Z mainframe and is able to run more than 12 billion encrypted transactions daily and encrypt all application, cloud or database data at all times. The improvement comes as banks face requirements to encrypt data in transit and at rest.
American Banker online (free content) (7/17),  ZDNet (7/17),  Network World (7/17) 
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Cyber Risk
Elon Musk discusses his concerns about AI
Elon Musk discusses his concerns about AI
Musk (Eric Piermont/AFP/Getty Images)
Elon Musk spoke about his concerns about artificial intelligence at a National Governors Association meeting, calling it "the biggest risk we face as a civilization." Musk said that the best solution for managing this risk is to work on regulations that proactively address the issues this tech creates.
CNET (7/16),  ReadWrite (7/17) 
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Experts: Cyberrisk models aren't working
Chief information security officers at a number of banks say the processes for gauging cyberrisk are inaccurate and ineffective. While cyberattacks are generally regarded as the greatest threat banks face, some experts say existing models for assessing their likelihood and effects, such as the Factor Analysis of Information Risk, are too subjective and can provide only guesses, rather than accurate predictions.
Risk (subscription required) (7/20) 
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By the Numbers
Report: Economic cost of worldwide cyberattack could reach $53B
The average economic losses from a worldwide cyberattack could reach as high as $53 billion, according to a report by Lloyd's of London and Cyence. Actual losses of such an attack could total as much as $121 billion, with underinsured organizations facing as much as $45 billion in losses that aren't covered, the report says.
Reuters (7/17) 
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Practice & Policy
Rush to cloud left data security gaps at top companies
A recent security breach in which Dow Jones accounts were exposed within the Amazon Web Services S3 data drive has highlighted the risk of poor security where S3 storage is used. The Verizon and GOP leaks also featured data stored within these S3 banks, causing experts to speculate that a rush to join the cloud led to failings in security.
TechRepublic (7/18) 
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AllClear ID News
Consult Hyperion report predicts $4,662M in fines for EU FinServ Institutions in first 3 years of the GDPR requirements
New report from Consult Hyperion predicts $4,662 million, or 4.7 billion euros in fines for EU FinServ Institutions in the first three years of the General Data Protection Regulation (GDPR) requirements. Under GDPR, these fines could apply to any organization doing business in the EU, or those that process personal information for EU residents or visitors. While most organizations focus only on breach prevention, the breach notification provision poses the highest risk to businesses. Download the report to learn how GDPR applies to your business, and how AllClear ID can help you prepare.
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