Given the connectedness of organisations today, cyber security has become a fundamental part of business. NATHAN DESFONTAINES believes that this environment is challenging CFOs to look differently at operational requirements.
One of the biggest mistakes any company can make is to relegate cyber security to the CIO office. With technology permeating every aspect of business, this silo approach no longer holds true. In fact, I believe it can open the organisation to a number of risks, not least of which being having its data compromised.
With the CIO traditionally reporting to the CFO for new technology implementations (considering the cost implication on the business), the finance office is in a unique position to gain an organisational-wide perspective on the IT systems and process in place.
This perspective might give way to the temptation of thinking that cyber security is something that can be rolled out annually and be forgotten about. Instead, C-suite executives need to work closer together in order for the business to become more proactive around protecting its most important asset – its data.
While there is no such thing as complete security, there are a number of measures that can be taken to minimise the likelihood of a breach: In the digital world, these breaches result in not only significant financial damage but reputational as well. And if the breach is significant enough, the company risks not being able to recover at all from such an attack.
The top four means of incursion into a network are through exploiting system vulnerabilities, default password violations, SQL injections and targeted malware attacks. To prevent this, it is necessary to shut down each of these avenues into the information assets of the business.
It is important that the company identifies threats by correlating real-time alerts with global intelligence: security information and event management systems can flag suspicious network activity for investigation. In fact, the value of such real-time alerts is much greater when the information provided can be correlated in with current research and analysis of the worldwide threat environment.
Additionally, companies should automate security through IT compliance controls: by developing and enforcing IT policies across their networks and data protection systems, C-suite executives can help prevent a data breach caused by a hacker or a malicious insider, this mechanism works best for protecting sensitive information.
At KPMG, we believe it is important to remember that cyber security impacts on all parts of an organisation – from human resources and compliance, to business continuity and brand communications. Those organisations who see this as an integrated process are the ones that are best able to differentiate themselves from their competitors. So as much as some CFOs think that security is just a matter of Rands and cents, the impact on the company is much more significant.
I (along with other KPMG cyber security experts) will be discussing these and other issues at the upcoming Finance Indaba in Sandton, as well as the CFO World Congress taking place in Cape Town in November.
* Nathan Desfontaines, Cyber Security Manager at KPMG in South Africa
Bring your network with you
At last week’s Critical Communications World, Motorola unveiled the LXN 500 LTE Ultra Portable Network Infrastructure. It allows rescue personal to set up dedicated LTE networks for communication in an emergency, writes SEAN BACHER.
In the event of an emergency, communications are absolutely critical, but the availability of public phone networks are limited due to weather conditions or congestion.
Motorola realised that this caused a problem when trying to get rescue personnel to those in need and so developed its LXN 500 LTE Ultra Portable Network Infrastructure. The product is the smallest and lightest full powered broadband network to date and allows the first person on the scene to set up an LTE network in a matter of minutes, allowing other rescue team members to communicate with each other.
“The LXN 500 weighs six kilograms and comes in a backpack with two batteries. It offers a range of 1km and allows up to 100 connections at the same time. However, in many situations the disaster area may span more than 1km which is why they can be connected to each other in a mesh formation,” says Tunde Williams, Head of Field and Solutions Marketing EMEA, Motorola Solutions.
The LXN 500 solution offers communication through two-way radios, and includes mapping, messaging, push-to-talk, video and imaging features onboard, thus eliminating the need for any additional hardware.
Data collected on the device can then be sent through to a central control room where an operator can deploy additional rescue personnel where needed. Once video is streamed into the control room, realtime analytics and augmented reality can be applied to it to help predict where future problem points may arise. Video images and other multimedia can also be made available for rescuers on the ground.
“Although the LXN 500 was designed for the seamless communications between on ground rescue teams and their respective control rooms, it has made its way into the police force and in places where there is little or no cellular signal such as oil rigs,” says Williams.
He gave a hostage scenario: “In the event of a hostage situation, it is important for the police to relay information in realtime to ensure no one is hurt. However the perpetrators often use their mobile phones to try and foil any rescue attempts. Should the police have the correct partnerships in place they are able to disable cellular towers in the vicinity, preventing any in or outgoing calls on a public network and allowing the police get their job done quickly and more effectively.”
By disabling any public networks in the area, police are also able to eliminate any cellular detonated bombs from going off but still stay in touch with each other he says.
The LXN 500 offers a wide range of mission critical cases and is sure to transform communications and improve safety for first responders and the people they are trying to protect.
Kaspersky moves to Switzerland
As part of its Global Transparency Initiative, Kaspersky Lab is adapting its infrastructure to move a number of core processes from Russia to Switzerland.
This includes customer data storage and processing for most regions, as well as software assembly, including threat detection updates. To ensure full transparency and integrity, Kaspersky Lab is arranging for this activity to be supervised by an independent third party, also based in Switzerland.
Global transparency and collaboration for an ultra-connected world
The Global Transparency Initiative, announced in October 2017, reflects Kaspersky Lab’s ongoing commitment to assuring the integrity and trustworthiness of its products. The new measures are the next steps in the development of the initiative, but they also reflect the company’s commitment to working with others to address the growing challenges of industry fragmentation and a breakdown of trust. Trust is essential in cybersecurity, and Kaspersky Lab understands that trust is not a given; it must be repeatedly earned through transparency and accountability.
The new measures comprise the move of data storage and processing for a number of regions, the relocation of software assembly and the opening of the first Transparency Center.
Relocation of customer data storage and processing
By the end of 2019, Kaspersky Lab will have established a data center in Zurich and in this facility, will store and process all information for users in Europe, North America, Singapore, Australia, Japan and South Korea, with more countries to follow. This information is shared voluntarily by users with the Kaspersky Security Network (KSN) an advanced, cloud-based system that automatically processes cyberthreat-related data.
Relocation of software assembly
Kaspersky Lab will relocate to Zurich its ‘software build conveyer’ — a set of programming tools used to assemble ready to use software out of source code. Before the end of 2018, Kaspersky Lab products and threat detection rule databases (AV databases) will start to be assembled and signed with a digital signature in Switzerland, before being distributed to the endpoints of customers worldwide. The relocation will ensure that all newly assembled software can be verified by an independent organisation and show that software builds and updates received by customers match the source code provided for audit.
Establishment of the first Transparency Center
The source code of Kaspersky Lab products and software updates will be available for review by responsible stakeholders in a dedicated Transparency Center that will also be hosted in Switzerland and is expected to open this year. This approach will further show that generation after generation of Kaspersky Lab products were built and used for one purpose only: protecting the company’s customers from cyberthreats.
Independent supervision and review
Kaspersky Lab is arranging for the data storage and processing, software assembly, and source code to be independently supervised by a third party qualified to conduct technical software reviews. Since transparency and trust are becoming universal requirements across the cybersecurity industry, Kaspersky Lab supports the creation of a new, non-profit organisation to take on this responsibility, not just for the company, but for other partners and members who wish to join.