Hacking group Anonymous' focus on central banks and other cyberattacks have heightened concerns about the security of financial systems worldwide. "For a central bank, the question is not if, but when, they will be victim of a cyberattack," said cybersecurity lawyer Giulio Coraggio.
The use of artificial intelligence to deal with growing cybersecurity challenges will actually create jobs, not kill them, but companies must first adopt a "new collar" approach to filling IT positions, writes Caleb Barlow. "While cybercriminals get better at their craft, the businesses defending against them literally have empty seats on the other end of the wire," Barlow writes.
With more factory equipment being connected to the internet, cybersecurity is becoming a great concern to manufacturers who want to wall off their confidential data, Ed Sperling writes. The Ponemon Institute estimates the average cost of a data breach is $4 million, a gain of 29% from 2013.
Companies must do more to adopt aggressive corporate cybersecurity standards to protect customer privacy and maintain their reputations, writes Scott Shackelford. "With ongoing, systemic cybersecurity risk management, companies can stay ahead of the curve, protecting their customers and society in the process," Shackelford writes.
Data breaches increased 60% last year in New York, Attorney General Eric Schneiderman says. His summary shows over 1,200 incidents were reported, with hacking making up 40% of incidents, followed by employee negligence at 37%.
A Protenus Breach Barometer report said 58% of the total hacking incidents within the health care industry in February were caused by insiders, affecting 146,162 patient records. Nine of the 18 insider incidents, which compromised 133,418 patient records, resulted from insider error, while eight were from insider wrongdoing that affected 12,020 patient records, according to the report.
An Institute for Critical Infrastructure Technology report revealed that although just 7% of security professionals use artificial intelligence to boost cybersecurity, the rate is expected to increase over the next few years. The report also offers several recommendations on how health care organizations can use AI for cybersecurity.
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