Tag Archive | "Cybersecurity"

An Ever-Present Cybersecurity Threat in the IoT, Says Symantec CEO

Symantec CEO Greg Clark says that there are many new cybersecurity threats showing up including threats around the Internet of Things. “The injection of consumer IoT in the enterprise and all through the home is important,” says Clark. “What we found in the last couple of years at Symantec where we’ve been putting things like the Norton Core product into the home is that the number of resident malware platforms that are in there is substantial. There is definitely an ever-present threat in the IoT.”

Greg Clark, President and CEO of Symantec, discusses new cybersecurity threats including threats to the Internet of Things in an interview on CNBC:

The Cyber Crisis Continues

The cyber crisis continues. We definitely have a new set of threats that are showing up. I think it’s a testament to the fact that it’s ever-changing and the partners that you pick to help you defend it are really important. Cyber defense is a continuously moving target. There are a bunch of things that that should be there for the long haul. At Symantec, we put those things together and we deliver them to you integrated. What’s important is that there are a bunch of problems that emerge that are not solved and it takes a vibrant startup community and investment community around that to address some of those.

Really, it’s the sum of big cyber investments like we have at Symantec and some of the other big players in the industry as well as the vibrant startup community. The combination of those things integrated is what we call Integrated Cyber Defense. I think it’s very important for our customers and partners in really addressing a bunch of the crisis. Net is that it moves all the time and so there are all kinds of different things that need to happen. The big transition at the moment, from cloud to mobile, new attack surface, new methods of beating people and stealing information. It’s definitely a very vibrant time for cyber defense.

An Ever-Present Cyber Threat in the IoT

The injection of consumer IoT in the enterprise and all through the home is important. What we found in the last couple of years at Symantec where we’ve been putting things like the Norton Core product into the home is that the number of resident malware platforms that are in there is substantial. There is definitely an ever-present threat in the IoT. We’re addressing that threat. I think what people have to also realize it’s not just about antivirus or your PC or your mobile phone endpoint.

There is a resonant threat in the network now and many consumers in the world have seen an email from somebody who has their mail password. When they’ve got your mail password extortion is rampant targeting consumers. Also, account takeover on things like Uber is rampant. It’s important to protect yourself in the network. Make sure that if you’re roaming around on other infrastructure you have a VPN engaged. These are very serious items right now and we’re seeing a lot of threats coming into that space. It’s not just on the endpoint, it’s also in the network, it’s in the IoT, and it’s in the home. Definitely, a different set of solutions are required now than what we saw ten years ago.

Cyber Espionage Will Continue Forever

We’re always going to see from now on cyber espionage. Espionage has been going on for hundreds of years and it will continue in cyberspace probably forever. Big corporations,  governments, there’s some heavy lifting that needs to be done there. We’re very invested in that at Semantic. Then on the consumer side, people at home and smaller businesses, there is definitely an extortion and ransom crisis going on there.

The US government has been addressing that with some great support for us around consequences by saying to third world countries where a lot of these guys are resident, if you don’t have cyber laws on the books in a few years you may face US sanctions. We’re starting to bring some consequences into that which is very helpful. But it’s in two spaces. There are organized criminals stealing from people and companies and then there’s a bunch of nation-state activity. I think they’re with us for a long haul.

An Ever-Present Cybersecurity Threat in the IoT, Says Symantec CEO

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Cisco CEO: Last Year We Blocked 7 Trillion Cybersecurity Threats

The CEO of Cisco says that last year they blocked seven trillion cybersecurity threats or about 20 billion per day. He says that by and large cybersecurity organizations inside of their customers are very good. But they only have to be right once, so it’s a constant ongoing battle.

Chuck Robbins, Cisco CEO, discusses cybersecurity, technology, and trade issues with China on Bloomberg:

Last Year We Blocked 7 Trillion Cybersecurity Threats

Last year we blocked seven trillion threats on behalf of our customers. That’s 20 billion a day. The problem is the adversary only has to be right once. We have to be right all the time. It’s the only part of our business where we have to think about an active adversary. That’s not how we think about other parts of our business.

By and large, when you look at the cybersecurity organizations inside of our customers they’re very good. But again, they only have to be right once, so it’s just a constant ongoing battle.

Solving Security Issues Deep Within Network Infrastructure

Our growth is primarily driven by organic growth. We are in a unique position as a company that’s been around for 34 years. Our core franchises are actually growth engines for the company. Whereas a lot of companies of our age they would be looking at their core franchises as the profit pools that you would invest in other businesses.

We have done some of that but we are seeing strong growth in the core franchises that we build. This is because in order to solve the security issues you have to do it deep within the network infrastructure. We are rebuilding and rearchitecting networks for customers all around the world in order to do this.

Technology is at the Heart of What Every Entity is Doing

The things that we do are the digital nervous system for the economy. Companies today realize that technology is actually defining their future strategies. Technology is not an optional cost center anymore. It really is at the heart of what every entity is doing around the world.

Technology is at a different place today relative to the strategic value to our customers. It’s been strategic, but it literally is at the heart of everything they are trying to drive now.

Technology That We’ve Build Has Created a Flat World

What we do is create this flat world that we live in. Fundamentally the technology that we’ve built over the last 30 years has created a flat world. Now we find ourselves with lots of conflicts around the world. The geopolitical dynamics are clearly complicated for all of us. Countries are just trying to find out how to deal with this technology change that is occurring so rapidly.

Frankly, it’s very difficult because governments around the world don’t have the expertise necessarily inside the government to even be able to regulate or determine what they should do. What that leads us to are very binary decisions. It’s difficult to understand how to do it surgically so I have to do it with brute force.

5G Buildout is Critical to Every Countries Future

Regarding the China trade issue, there are aspects of intellectual property. There are aspects of trade deficits. There are aspects of the view that this 5G buildout is critical to every countries future and there is this competitive race going on around the world. I this it is a bit of all of that.

My hope is we can get to a place where we can all move forward in a way that lifts the global economy again and actually allows us to begin to take advantage of some of the technology. What it can do, not only for business but candidly we are at a point in time where technology can help solve some of the biggest problems in the world. That’s what we need to be focused on.  

Educating Governments on How to Regulate Technology

Our business in China is a relatively small percentage of our business still. The impact (from tariffs) has been quite minimal. What we do is just be a part of the discussion. We try to bring some logic as to what needs to be done.

We are trying to help educate governments around the world as to how should they think about regulating this technology. How should they think about data privacy? What can we do to help alleviate some of the concerns and help them achieve what they are trying to achieve while not destroying the global benefit of connectivity?

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Amazon Web services Acquires Cybersecurity Startup Sqrrl

Cybersecurity will always remain a big issue that computing companies such as Amazon Web Services will have to address every time they court potential clients. After all, these clients will want assurance that their sensitive data will remain secure when stored off premises.

With the discovery of the decades-old system flaws like Spectre and Meltdown, assuring clients on the safety of their data is even more challenging for players in the cloud computing business. However, it appears that AWS has this issue already covered. The tech giant recently acquired Sqrrl, a cybersecurity firm with ties to the master of cybersecurity itself —the NSA.

Rumors of the deal started circulating a few months ago that Amazon was reportedly eyeing to the startup, which specializes in advanced computer threat prevention and detection. However, the acquisition has now been confirmed by Sqrrl CEO Mark Terenzoni in a post made on the company’s website.

“We’ve reached another milestone in our journey!,” Terenzoni announced in the post. “We’re thrilled to share that Sqrrl has been acquired by Amazon. We will be joining the Amazon Web Services family, and we’re looking forward to working together on customer offerings for the future.”

At the moment, details of the deal are not yet available to the public. However, previous reports place the deal’s price tag to be around $ 40 million.

Of course, such a figure is not that much of a big deal to AWS who is still the leader in cloud computing. In the third quarter of 2017 alone, AWS posted a staggering $ 1.17 billion income from the $ 4.58 billion it generated in revenues.

Interestingly, the Sqrrl deal comes shortly after AWS announced plans to pick up more business from the U.S. intelligence agencies. In fact, the company revealed that it will be forming a “secret” region of data centers specifically to handle the cloud computing needs of these agencies.

Sqrrl already has ties with the NSA that date back to 2011. In 2012, it handled NSA’s open-source database software called Accumulo.

[Featured image via Amazon Web Services]

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