ISE ETF Ventures announced today the launch of the ISE Cyber SecurityTM Index (ticker: HXR), an index that allows investors to quickly take advantage of both event-driven news and long term economic trends in the cyber security and information technology space. The index, which is the first and only one focused specifically on publically-listed companies that develop or provide cyber security technology and related services, is licensed to PureFunds® and will be the basis for an exchange traded fund (ETF).
A directive from Gov. Brian Sandoval allowed the state’s IT department to gain control of an escalating problem with information security, which led to a reduction in security incidents — from 155 to 30 per month.
The US Postal Service announced Monday that the personal data of 500,000 postal employees was exposed in cyber attacks this year. This year hundreds of millions of private data have been compromised in attacks on business and government computers.
By now, most business owners are aware that, regardless of your business size, no one is immune from the risk of a cyberbreach. Today’s hackers are highly sophisticated and have the means to attack any target they choose.
Cyber security has been a losing game of whac-a-mole for years as the malefactors manage to pop out of new security holes faster than IT and their software suppliers can plug the last batch. The game has also been a costly one for businesses and end users, which have collectively spent billions of dollars on an increasing array of products and annual upgrades to address each new threat category and set of exploits.
A chain is only as strong as its weakest link, says Bill Buchanan, The Conversation. Computer security relies on a great number of links, hardware, software and something else altogether: you. The greatest threat to information security is actually people. Why strive to defeat encrypted passwords stored in computers, when those computers’ human users will turn them over willingly?
A huge problem with most types of digital communications, processing and storage is that it’s often very difficult to differentiate between a true communication and one which has been falsified. This stems largely from the internet’s background as an open, insecure system. In emails apparently from legitimate websites, the email address of the sender can be spoofed, that is, replaced with another that is not the sender’s actual address, as some email relay systems allow this.
Corporations are today targeted as never before, with growth in hacking attacks linked to nation states and overseas governments; in fact, sophisticated and sustained campaigns of phishing have succeeded in stealing information from firms and organizations all over the world. Symantec recorded a 62% rise in data breaches from spear phishing in 2013.
In response to the growing cyber threat, the Cybersecurity Framework, which was drafted by the Commerce Department’s National Institute of Standards and Technology (NIST), represents a tipping point in the evolution of cybersecurity, one in which the balance is shifting to proactive risk-management standards. While its application is voluntary, organizations across industries may gain significant benefits by adopting the guidelines.
Golden Networking‘s Cyber Security World Conference 2014 New York City (http://www.CyberSecurityWorldConference.com) will provide a platform for hundreds of senior executives focused on protecting today’s enterprises to learn more about the Cybersecurity Framework and how to apply it to their organization. Topics that Cyber Security World Conference 2014 will discuss include:
- Cyber Security Megatrends Security Professionals can’t Ignore Today
- Designing and Managing Effective Information Security Programs
- Is Biometrics the Key to Personal and Corporate Security?
- How Hackers Really Operate to Obtain Financial Data
- Key Considerations about Security in the Internet of Things Age
- Strengthening the Security of Industry-wide Technology Infrastructure
- Cyber Security and its Role in the Overall Security of the United States
About Cyber Security World Conference 2014
Cyber security is never again a term to ignore for individuals or corporations. The daily activities of all Americans, the country’s global economic prominence and worldwide security rely on a safe and resilient cyberspace. Unfortunately, the number of cyber-attacks has increased dramatically over the last years, exposing confidential personal and business data, disrupting critical operations, and imposing exorbitantly high costs on the economy overall.
Just recently, J.P. Morgan Chase, America’s largest commercial bank with $2.39 trillion in assets, announced that about 76 million households and 7 million of small-business customers had been affected by a cyber attack in one of the most sweeping known global breaches. The company said the unknown attackers stole customers’ contact information, which included names, email addresses, numbers and addresses, affected an amount equivalent to almost two-thirds of American households.
A brief walk down memory lane of some the biggest recent cyber-attacks now include Adobe Systems, Automated Data Processing, Citigroup, E*Trade Financial, Fidelity Investments, Home Depot, HSBC, Nasdaq OMX, Neiman Marcus, Target and Wal-mart. It is not unlikely to consider that the information of every American has already been compromised in any of these publicly disclosed attacks.
Renowned information security experts and innovative service providers will present at Cyber Security World Conference 2014 their latest thinking to hundreds of senior executives focused on protecting enterprises and governmental agencies.
Cyber Security World Conference 2014 is produced by Golden Networking, the premier networking community for business and technology executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to firstname.lastname@example.org.