Headlines in recent weeks have been consumed with the news of a cyberattack that targeted Sony’s movie studio as it geared to release The Interview, film that describes a CIA attempt to assassinate North Korean leader Kim Jong- un.
The company now could face tens of millions of dollars in costs from the massive computer hack that hobbled its operations for days. Major costs include investigations into what happened, computer repairs or replacements, and steps to prevent a future attack. Lost productivity while operations were disrupted will add to the price tag.
The attack, believed to be the worst of its type on a company on U.S. soil, also hits Sony’s reputation for a perceived failure to safeguard information. Recently on October that U.S. President Barack Obama signed an executive order to strengthen security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat cyber theft and identity fraud. Several major corporations would take steps to make their own systems more secure and offer more customer protections as well.
These recommendations came after many other large companies including Adobe Systems, Automated Data Processing, Citigroup, E*Trade Financial, Fidelity Investments, Home Depot, HSBC, JPMorgan Chase, Nasdaq OMX, Neiman Marcus, Target and Wal-mart had suffered high-profile cyber security breaches. It is not beyond the realm of possibilities to think that today the information of every American has already been compromised in any of these publicly disclosed attacks.
For instance, JPMorgan Chase, America’s largest bank with $2.39 trillion in assets, has revealed that about 76 million households and 7 million of small-business customers have been impacted by a cybersecurity attack in one of the most sweeping disclosed global breaches. Unknown attackers stole customers’ contact information, which included names, email addresses, phone numbers and addresses, affecting an amount equivalent to two-thirds of American households.
Cyber Security World Conference 2015 New York City (http://www.CyberSecurityWorldConference.com) will provide a platform for information security authorities and innovative service providers to distil their latest research for hundreds of senior executives focused on protecting enterprise and government valuable assets. Cyber security experts will discuss subjects such as protecting individuals and companies against cyber-attacks, biometrics as the future of security, risks brought by mobile computing, and protecting corporate and national infrastructure against foreign attacks.
Top-of-mind topics that Cyber Security World Conference 2015 will discuss include:
- Cyber Security Megatrends Security Professionals can’t Ignore Today
- Strengthening the Security of Industry-wide Technology Infrastructure
- How Hackers Really Operate to Obtain Financial Data
- Cyber Security and its Role in the Overall Security of the United States
- Key Considerations about Security in the Internet of Things Age
- Designing and Managing Effective Information Security Programs
Cyber Security World Conference 2015 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 email@example.com.