Operating businesses internationally means infinite interconnections, and thus an economy that is progressively more disposed to cyber security attacks carried out through actors supported by terrorist groups or organized crime. It’s common knowledge that the landscape of information security is a constant evolution, and cyber threats, without a doubt, will persist regardless of business location.
Operating businesses internationally means infinite interconnectedness, and thus an economy that is progressively more disposed to cyber security attacks carried out through actors supported by terrorist groups or organized crime. The dawn of all that is digital and the constant communication through organizations, devices and people spawns a whole new world of vulnerabilities. Each and every global business should take action by anticipating attack and expecting that your organization will eventually be targeted. This proactive approach is the only way to stay in the foreground of cyber criminals.
Data security, privacy regulations, and information standards have been the subject of many conversations. While the need has been recognized among legislation bodies around the globe, a uniform set of standards has not been established. Instead, there exist national/international data transfer regulations and privacy laws among virtually every country individually, therein lies the problem. There is a constant potential to violate these laws, and risks increase as more countries try to regulate cross-border data transfers. Most legislations prohibit cross-border data transfers unless particular regulatory conditions are met. As a result, litigation related to cross-border data transfer has also increased.
Cases involving International Traffic in Arms Regulations (ITAR), the U.K. Bribery Act and Foreign Corrupt Practices Act (FCPA) are on the rise, as well. Like every other aspect of the global information security landscape, related legislation around the world is changing quickly. The best line of defense is in staying informed of changes in laws and protocols that affect businesses operating globally. This will allow businesses to overcome struggles related to cross-border data transfers and security.
How is the global information security landscape changing? One thing is for certain, it’s moving faster than ever and cyber threats are multiplying exponentially. Businesses need to keep pace with changes in technology as well as internal changes, including acquisitions, expansion, product launches and mergers. All of the aforementioned game changers can make an organizations approach to information security difficult.
Possible incidents run the gambit as global businesses operate within every imaginable industry. The potential for theft of information such as email addresses and passwords, payment card account exposure, theft of money via worldwide ATMs and infiltration of public utilities are but a few. The type of threats and attacks may remain familiar, but the complexity of the methodologies are ever-changing, as should be security practices and risk management.
It’s clear that current discussion regarding information security is centered on a common theme, while technology and security methodologies are becoming stronger and more complex, so too are cyber-attack tactics. Cybercriminals are simultaneously becoming more patient, tenacious, sophisticated and organized. The objective is no longer to merely gain unauthorized access to sensitive data, but to identify vulnerabilities in the entirety of an organization’s operating environment, create a meticulous plan of attack, and infiltrate a system where a breach will provide the greatest return to the hacker, usually monetarily. With a successful breach comes the potentially irreparable devastation to a business, and its trusting customers. Organizations operating globally have no choice but to actively defend operations from attack while staying ahead of cybercrime on an ongoing basis.
While it may sound funny, it’s a serious issue that was addressed by a global industry icon focused on powering the world with the cleanest, most advanced technologies and energy solutions. CSS originally worked with this organization to establish their 10 year Public Key Infrastructure (PKI) strategy that would allow them to issue and manage trusted digital certificates for both a growing world of hundreds of thousands of large jet engines and billions of smaller LED lightbulbs. The jet engine problem had multiple requirements focused on preventing hacking of sensitive data in motion, securing the communication of critical engine data from the correct engine to people authorized to access the data, and ensuring that engine software updates were authentic. This meant the solution needed to encompass all three of things CSS does best – enable encryption, authentication and code signing.
CSS also designed the PKI solution to encompass a way to address the emerging Internet of Things (IoT) for billions of LED lightbulbs that could be controlled with a mobile device. The challenge in this case is that the bulbs have a finite chips with lower computational power. The limited space on the lightweight chip to accommodate required configuring the PKI in such a way to offer digital security on the bulb in a different way.