Cyber Defense eMagazine July Edition for 2022

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With the assaults on Colonial Pipeline, JBS Foods and CNA Financial, among others, 2021 was a lesson in just how much havoc a ransomware attack can wreak. And as the number of cyber-attacks show now sign of diminishing, the Division’s 2022 priorities make it clear that firms must make operational resiliency and keeping customer data safe a core priority in 2022. But it’s not just about managing risk - it’s also about recovery. The Division will also be reviewing business continuity and disaster recovery plans of registrants, paying particular attention to the impact of climate risk and ‘substantial disruptions’ to the flow of business operations. Best practice for compliance With security and compliance under the Division’s watchful eye, firms must reexamine their security infrastructure and ensure they’re meeting all compliance requirements – placing a particular focus on disaster recovery plans as flagged by the SEC. Businesses must be realistic about the security risks they face and how to best mitigate them. They need to implement a clear recovery time objective and recovery point objective. They need to ensure that everyone knows their roles in the event of an incident and that there is a clear chain of command. And as the SEC noted, the shift to hybrid and remote working – which has stretched company networks and added extra endpoints - has made firms more vulnerable to cyber attack. As such, all security procedures must be adapted to reflect the changing landscape and ensure that even firms with a dispersed workforce will remain secure. Real-time security In today’s fast paced environment, one of the most efficient ways to mitigate risk is through real-time monitoring of networks, third party providers,and endpoints, so malicious activity is flagged and addressed as soon as it arises. Point in time assessments simply do not cut it anymore - by the time malicious activity is detected, cybercriminals may have already stolen highly sensitive information and done irreparable damage. Of course, it’s not just devices that introduce vulnerability - it’s the people who use them. Employees can be the weakest link in a company’s security strategy, while also playing a major role in its cyber defense. Employee education is a crucial part of protecting against phishing attacks and account intrusions. With attacks designed to exploit people’s ignorance and naivety, regular cybersecurity training to ensure all employees are security-savvy should be a priority across all departments. Further, it would also be wise for firms to review their legacy systems and make necessary updates – keeping in mind that the infamous Colonial Pipeline attack was launched by breaching a legacy VPN, protected by a single password. Risk may be at an all-time high in 2022, but that doesn’t mean firms are powerless. By reviewing current security protocols, by putting new strategies in place, and by partnering with the right software provider, firms will be better placed to evaluate and meet regulatory obligations. After all, staying on top of security Cyber Defense eMagazine – July 2022 Edition 190 Copyright © 2022, Cyber Defense Magazine. All rights reserved worldwide.
and operational resiliency best practice is not just about matching the SEC’s expectations, it’s about providing the best protection and service to clients. Regardless of the Examination Priorities, this should always be the top priority for business. About the Author Jason Elmer brings more than 20 years of cybersecurity and IT infrastructure experience to his role at Drawbridge. As Founder and CEO, he is responsible for driving the firm’s day-to-day operations, expanding its geographic and technology footprint, and leading the company for global growth and scale. His management background includes multiple executive leadership roles and extensive experience delivering business critical FinTech software and solutions that meet the specialized needs of hedge funds and private equity managers. Previously, Jason served as a Managing Director at Duff & Phelps (now Kroll, LLC), where he founded and led the Cybersecurity Services team, working with alternative investment managers across the globe to help them ensure compliance with appropriate regulatory bodies while meeting investor demands. Prior to that, he was a Partner at Abacus Group with a focus on providing cybersecurity, hosted infrastructure and disaster recovery services for alternative investment firms. Throughout his career, Jason has been at the forefront of business, technology, and customer service innovation across multiple facets of the global financial services industry. Jason holds a BS in finance from the Fordham University College of Business Administration and is an active member of the Young Presidents’ Organization (YPO). Jason can be reached online at http://www.drawbridgeco.com Cyber Defense eMagazine – July 2022 Edition 191 Copyright © 2022, Cyber Defense Magazine. All rights reserved worldwide.
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3 Ways Asset Management Companies C
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Global Shipping Industry Faces Wave
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The Rise of Crypto Regulations ----
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@CYBERDEFENSEMAG CYBER DEFENSE eMAG
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Cyber Defense eMagazine - July 2022
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3 Ways Asset Management Companies C
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that, a fourth party is any provide
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DFS - including top banks, insurers
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Apes Gone Phishing BAYC Attack Lead
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While subtle, these differences sho
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There’s an obvious irony that the
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Cyber EO One Year Later: Feds Weigh
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addition, cloud-native endpoint det
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Cyber Risk Management: The Right Ap
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About the Author Michael Maggio is
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The Rise of Data Traps In describin
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About the Author Andrea Little Limb
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well-being of a business. Let’s t
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Crisis Point How the skills shortag
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Recruitment and retention A far mor
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forces, which saw computers locked
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EVERYONE is Part of the Security Te
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The second question helps reduce ri
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About the Author Jim Nitterauer is
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The Catalysts for Change Even when
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What is the Future of Cyber Securit
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In the global marketplace, not all
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5. Lawfulness, Fairness, and Transp
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According to a recent industry surv
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About the Author Rahul is the Globa
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number does seem to have reduced, b
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one at a time may seem insignifican
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Achieving the proper balance betwee
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How To Increase User and Executive
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The most important thing is to focu
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Access-as-a-service (aka initial ac
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About the author Danna Bethlehem, d
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A Customized, Personalized Perspect
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Conclusion Gartner defines Integrat
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import table hijacking, control flo
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Levelling The Battlefield with Cybe
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e on the losing end. It is therefor
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The exploit seems to be out in the
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Mitigate Risk by Securing Third Par
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injection. Browser based applicatio
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Malware threats were detected in EM
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U.S. seeks to safeguard the supply
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Poor Identity Management Amplifies
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only as good as the trust in identi
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Endpoint Security These businesses
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Q&A With Mickey Bresman, CEO Of Ide
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and performs a comprehensive set of
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Raising the Alarm on DDoS Attacks B
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Finding weak spots in your cybersec
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Russia’s Invasion of Ukraine Lays
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Since organizations have predominan
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Scared Of Your Own Shadow IT? Addre
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SMPs that are designed to automatic
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Here are some security best practic
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VIP3R: Dissecting A New Venomous Sp
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Page 141 and 142: Basic overview of M2M/HMC/IIoT Comm
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Page 145 and 146: Figure 2: Flow chart of interferenc
Page 147 and 148: The 6 Biggest Financial Sector Cybe
Page 149 and 150: Social Engineering Social engineeri
Page 151 and 152: The Artificial Intelligence Tug-of-
Page 153 and 154: The Balance of Power: One Disturban
Page 155 and 156: About the Author Guy is the Founder
Page 157 and 158: SOCs lack solutions that allow them
Page 159 and 160: The Future of Attack Surface Manage
Page 161 and 162: By most standards, ASM is still imm
Page 163 and 164: The Growing Importance of VPNs By I
Page 165 and 166: The Chance to Reduce Costs Addition
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Page 171 and 172: Ukraine experienced just such SS7 l
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Page 177 and 178: The Numbers Are In: Identity-Based
Page 179 and 180: Using Current Data to Project Futur
Page 181 and 182: What’s the current state of play?
Page 183 and 184: The Role of Compliance in Cybersecu
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Page 187 and 188: With more than 27 billion endpoint
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Page 193 and 194: As well as the above attendees have
Page 195 and 196: Black Hat 2022 Website: BlackHat Da
Page 197 and 198: About Salt Communications Salt Comm
Page 199 and 200: an accurate record of your tech sta
Page 201 and 202: Top 3 Future Technologies to Look O
Page 203 and 204: Cybersecurity is at the tipping poi
Page 205 and 206: Reviewing legacy AD infrastructures
Page 207 and 208: About the Author Tammy Mindel, Semp
Page 209 and 210: Take the Deus Finance exploit as an
Page 211 and 212: Why Cybersecurity Is Critical for E
Page 213 and 214: Over the past two years, there has
Page 215 and 216: Risks Involving Video Conferencing
Page 217 and 218: Why Automation Isn’t Replacing Cy
Page 219 and 220: You Can’t Prevent Every Attack, B
Page 221 and 222: While it is difficult to manage lar
Page 223 and 224: If you wish to dive deeper into the
Page 225 and 226: unpatched with no support, setting
Page 227 and 228: Selecting the Right Zero Trust Vend
Page 229 and 230: Zero-Trust Needs to be a Priority -
Page 231 and 232: Additional protections, also built
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CyberDefense.TV now has 200 hotseat
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Books by our Publisher: https://www
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