Tag: cyber security

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What Y2K And 9/11 Could Have Taught Us About Managing The WannaCry Cyber Attack

Over the past week, countless organizations around the world were victims of a cyberattack involving WannaCry ransomware. While the EU’s law enforcement agency called the attack “unprecedented,” it was perhaps only unique in scale. In fact, this attack was neither sophisticated nor innovative. It had many precedents and was definitely preventable. For starters, according to numerous security analysts, WannaCry took advantage of a file-sharing vulnerability in Windows that was repurposed using commonly available “Ransomware-as-a-Service” to package the attack and allow it to support multiple languages simultaneously. To make matters worse, Microsoft had actually released a patch for these vulnerabilities in

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What the G7 must do for internet growth and security

In 2014, researchers from the World Economic Forum and McKinsey & Company projected that as much as $21 trillion in global economic value creation would depend on the robustness of cyber-security over five to seven years. That’s as big as the entire U.S. economy. To discuss the future of the Internet and its risks, IT ministers from the G7 countries and the EU gathered for the first time in 20 years. The information and communications technology (ICT) summit in Takamatsu, Japan, was held against a background of major cyber-security dangers including threats to critical infrastructure and mobile devices as well

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The ultimate security, created through biology!?

Achieve innovation through “leaps of thought.” In early October, I was invited to attend the 12th Science and Technology for Society (STS) Forum held in Kyoto, where I made a presentation at its plenary session. Over 1,000 participants attended this annual event, which invites Nobel laureates from various countries, along with leaders from politics, business, and the media. The theme of the session at which I spoke was “Society Changed by Information and Communications Technology (ICT).” One of the topics I touched on was the factors shared by some of the world’s rapid-growth enterprises. Take Uber, for example. Despite becoming

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No assurance of security, even for company intranets

Zero trust may be the sole solution While visiting various parts of the United States in August, I came away with the impression that major changes had occurred in the ways society reacts to cyber security. Previously, such concerns had typically focused on the leaking of credit card numbers, and countermeasures that mainly involved halting use of cards with those numbers, and the issuing of new cards. A headache—to be sure—but one that involved damage that was manageable. More recently, however, troubles have involved a lot more than the simple theft of data. Now, information such as the content of

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3 Common Trends in the IT Business

Having recently attended various international conferences and meetings, I’ve observed three worldwide trends. The first of these is the dissemination of “wearable devices” which, as the term implies, are worn directly on the person. On April 24, sales of the Apple Watch were launched in the US and Japan. Worldwide attention is now being focused on what impact the watch’s maker—multinational Apple Inc.—will have on the world of the future via such devices. As compact as it is, the Apple Watch incorporates nearly the same processing power as did a supercomputer of 15 years ago. So, given the intensifying competition

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