Category Archives: Internet Security
Tenable and the CIS Enter Partnership to Bolster Cyber Hygiene – AiThority
New partnership helps resource-constrained organizations improve their foundational cybersecurity practices, understand their exposure and improve basic cyber hygiene
Tenable, Inc., the Cyber Exposure company, announced a strategic partnership with the Center for Internet Security, Inc. (CIS) that will bolster cyber hygiene for both public and private sector organizations, making foundational cybersecurity more affordable, accessible and actionable.
The two primary challenges organizations face in achieving basic cyber hygiene are lean budgets and limited staff with security expertise. This partnership is an important step in making foundational cybersecurity more attainable for both small and medium-sized organizations. To this end, CIS has developed a new prioritization scheme called the CIS Controls Assessment Specification for CIS Controls, its internationally recognized cybersecurity best practices. The CIS Controls are organized into Implementation Groups (IGs) which provide a prioritized path for organizations to improve their cybersecurity posture. IG1 represents basic cyber hygiene and the essential protections that should be put into place by all organizations.
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Through its new Tenable.sc dashboard and report, Tenable is the first and only vendor to automate both the implementation and auditing of an organizations adherence to IG1, maximizing limited budgets and resource-constrained teams. This helps organizations transform the Controls into actionable cybersecurity recommendations and integrate basic cyber hygiene across their operations.
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The vast majority of cyberattacks arent the result of super sophisticated techniques. Instead, bad actors are going after low hanging fruit lax cybersecurity measures, said Renaud Deraison, chief technology officer and co-founder, Tenable. Our partnership with CIS is helping organizations mature their cybersecurity programs and improve cyber hygiene with their existing resources, budget and staff.
The CIS Controls Assessment Specification is immediately beneficial in that it removes the need for Sub-Control interpretation that is often found in the industry, said Curtis Dukes, CIS executive vice president and general manager, security best practices. Our partnership with Tenable provides a method for their customers to measure the Controls conformance in a uniform, comparable way.
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Tenable and the CIS Enter Partnership to Bolster Cyber Hygiene - AiThority
How to Build Smart Banks that Connect Customers with Modern DX – AiThority
Smart banks are all set to arrive. The concept of money and goods transactions has changed significantly in the last few years. The ongoing pandemic has accelerated the need to empower financial institutions to build smart banking infrastructure around the world. Today, smart banking solutions are hogging the limelight among all emerging AI and Machine Learning based applications. Together with mobile-based marketing technologies, Internet of Things (IoT), RPA, and 5G technologies, AI ML is enabling todays banking institutions to build more user-friendly and automated branches and online facilities, providing high-tech experiences to customers.
Read More: This AI Pioneer Developed An Autonomous Real-Time Cloud Connection For HVAC
We are still reeling with the serious challenge of restraining the COVID-19 pandemic at public places, and banks are one of the hardest-hit centers that are increasingly finding it hard to manage new and existing customers. Only a handful of banks have actually managed to leverage existing technologies for mobile and self-service banking facilities to get back to normal Pre-COVID-19 engagements. Traditional banks have either lost their business drive due to fall in customer traffic, or are staring at bankruptcy due to lack of internet banking and mobile payments facilities services that are now the backbone of the modern banking sector.
Most businesses are tempted to conclude that their operations are staring at closure or slowdown due to the pandemic. This is not the case, especially if you track the growth of new technologies that ease the mode of doing business remotely, including for banks and insurance agencies. The speed and ease at which data science companies are working with Cloud, IT, SaaS, AIOps and Analytics companies to develop and bring to market new technologies such as artificial intelligence (AI) and 5G- expose the real opportunities for banks.
We will define smart banks by virtue of their origin and the tenacity to adopt new technologies and become intelligent, reliant, self-serving and above all, symbols of perennial improvement in back-office operations. All these are built on the foundation of Digital Experiences delivered with the highest contextual intelligence and ease of adoption across all layers of the society.
We must understand the reason behind developing Smart bank branches. Its not just the customers who are opting for digital banking facilities, but also bank employees and countless branch-level supervisors who now prefer to work in contactless environment with their colleagues and customers. While in some cases, physical branches remain a high-value engagement field, especially in instances related to opening new bank accounts, KYC updates, wealth management, currency exchange and wealth management, a majority of other front office bank operations can be completely automated to mobile and virtual branches.
According to me, smart banks would also become one of the most secured sources of data collection and contextualization in the near future.
Compared to a pre-COVID-19 physically accessible traditional bank, the new Smart banks embrace various digital experience management channels that involve multiple intelligent, self-service, and remote video devices to provide promotion and training services. All these converge at banking ops, thereby improving the customer experience while reducing labor costs for banks. Smart banks are lightweight on resources and leave low to zero carbon footprint by virtue of a downsized office space and energy consumption such as papers, stationery, printer, electricity and ACs.
The automation of modern bank branches has ushered in a new way of thinking among business leaders where they keenly embrace any product or solution based on these capabilities:
Smart bank branches, in particular, would invest heavily in automating their operations using 5G wireless mobility and internet security protocols. With the integration of fintech and martech capabilities, smart banks would witness a new line of philosophy in handling customers using DX channels.
The smart bank DX channel could involve two or more technologies listed below:
Lets discuss this one by one.
Lets take the DX offline now thats smart banking initiative. Isnt it?
5G wireless connections, in particular, could be used to provide stable and massive data services, achieving widespread banking services coverage.
During the COVID-19, many banks have intelligently reconstructed their entire offline experience management with service personnel able to identify and categorize customers using applications such as mobile trackers, barcode scanners, and video chats. Customers, once they reach the smart bank branch or an ATM use their self-service dashboard to use contactless equipment and handle services on their own.
Meanwhile, service personnel are still available to offer guidance to customers at any time they need. As well as shortening customer waiting times, online e-bank services also deliver a brand-new experience.
With changing social distancing norms, we might see many new applications of new technologies such as AI, 5G, and cloud that can holistically enrich a banks existing network design, provide a full-journey network experience for customers, and optimize network management modes.
AR VR screens could bear virus-free results for both customers walking into the branch, and for the service personnel. Both parties can interact using a smart device such as an AR VR gadget or mobile app that captures customers queries and displays the answers with alternative solutions on a large interactive screen. These could be integrated to IVR or Conversational AI tools so that bank officials can track offline financial management assessment or account checking services through AR VR medium.
At some point in time or the other, every customer visits a branch. Smart bank branch facilities laced with geo-mapping technology could track customers who visit different branches and then assist them with simple solutions to ease their traveling to branches frequently. Customers dont need to go to a specific branch to handle complex business services; service personnel can contact experts at headquarters, who are ready to answer customer questions in real-time.
When these customers go to other cities and visit bank branches, their data could be synchronized nationwide. Different branches can then continuously optimize the customer route design based on historical service analysis, delivering unique services to each customer.
The power of AI and simulation is finally enabling banks to simplify COVID-19 operations. Robo bankers cooperate with personnel and customers in improving the overall customer experience. Robots fitted with sensors and cameras can track the temperature and allow / restrict access to customers based on facial recognition or contactless biometric procedure. These intelligent cameras can accurately identify bank customers on arrival, followed by real-time big data analytics of the precision marketing platform to implement personalized service recommendations and precision marketing via CRM, Customer Experience Management, Voice AI, and Contact Centers.
The use of computer vision, NLP, and Optical Character Recognition speed up bank service handling and build a very comprehensive smart marketing scenario.
In the age of 5G, IoT has proven to be a huge enabler. 5G Intelligent network points can vastly improved network experience, especially in bigger branches where there is a huge amount of both data and IT devices.
Faster internet speed and connected devices can ease overall pressure on the IT operations and management. New 5G and O-RAN based products are available in the market that integrates a branchs IT devices such as servers, storage devices, and switches. These can be used to provide functions such as remote plug-and-play, remote attendance, and edge-cloud synergy, meeting integrated IT device management requirements. Companies like Huawei are working with a multi-national banks to test IoT asset management system, with the intention of helping the bank build smart branches in the near future.
Banks are one of the leading customers of security and video surveillance solutions and devices in the world. For banks, security protection is critical, and therefore, for every branch, smart security protection is indispensable.
New AI cameras and open chip sensor technologies have enabled video cloud analysis platforms to detect and prevent any untoward incident from happening. These video analysis and Surveillance techniques use deep learning models to identify any abnormal behavior or activity such as mask identification and detection of loitering, trailing, theft, accidents and fires. These can also be connected to data visualization and reporting platforms to present events and accidents in the form of heatmaps. Internal UAVs and drones are also fitted with these surveillance devices to ensure employees are quarantined against criminal activities by tracking attendance and access control.
Contactless surveillance and undetected tracking cameras also keep customers happy without trivializing their privacy concerns.
Companies like Huawei have long been committed to working with partners to build more user-friendly and automated branches for banks, providing high-tech experiences for customers. Branches no longer merely provide traditional financial services. New application scenarios and devices from AR shopping, simulated car finance, and intelligent customer service robots, to remote interactive entertainment, space capsule-style mobile financial services and coffee banks are emerging.
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How to Build Smart Banks that Connect Customers with Modern DX - AiThority
#NCSAM: Is Connected Ever Going to be Protected? – Infosecurity Magazine
October 2020 marks the 17th year that National Cybersecurity Awareness Month (NCSAM) has been held, and this years theme follows a trend of the Internet of Things (IoT).
Claiming that the month continues to raise awareness about the importance of cybersecurity globally, this years theme is aimed to encourage individuals and organizations to own their role in protecting their part of cyberspace, stressing personal accountability and the importance of taking proactive steps to enhance cybersecurity.
The first week is following a theme of If You Connect It, Protect It aimed at reinforcing the importance of keeping connected devices secure from outside influence as we see the IoT become a more regular part of how we live and work.
Consider that the total number of IoT connections will reach 83 billion by 2024, and just this week, there were fresh reports of flaws in adult connected devices, are we really getting any better?Andrea Carcano is the co-founder of Nozomi Networks, and claimed in the face of a global pandemic, IoT connections are empowering a level of remote work like none before.
From our own experience, weve seen industrial operators go from a single digit percentage of their workforce working remotely, to 52% and higher, he said. This deluge of internet-connected devices opens the door to a whole slew of new vulnerabilities and creates a much large attack surface.
He claimed NCSAM is a good time to remember that it doesnt have to take a catastrophe to spur change. Also, Greg Foss, senior security strategist at VMware Carbon Black,said the exploitation and resale of direct access into corporate networks is exploding, as attackers leverage modular and increasingly more capable malware to maximize profits. That is why initiatives like Cybersecurity Awareness Month need to be embraced, to help organizations think about the techniques they need to put in place to combat such attacks.
For every organization with an advanced security posture and awareness of the vulnerability of connected devices, there will be many more at the infancy of their security journey and therefore lacking this visibility, he said. Add to this the fact that recent events have led to millions of people working from home and inadvertently increasing the risk of a cyber-attack targeting their companys IT network and systems and you will see that there is real cause for concern.
After all, if IoT devices are connected to a network, its a potential new way into that network for an attacker to leverage. Work devices are connected over the internet to the same wireless system that also connects to their homes smart devices, which are particularly vulnerable to cyber attacks, he said, claiming our smart homes are a cyber-attack in the waiting.
Weve seen the likes of smart thermostats, fridges, coffeemakers, and doorbells become part of the standard home these days, and to find multiple connected devices is common beyond the standard mobile devices and smart televisions.
As Foss said, each of these contains a miniature, multi-purpose computera circuit board that operates the device. This tiny computer has the same power and capabilities as a full desktop workstation from a dozen years ago, but is much easier to hack, as it was not designed with strong, configurable security in mind, he said. Therefore, we fall back on to the theme of connect it and protect it.
Foss recommended ensuring only corporate-approved devices are able to connect in to the enterprise and access corporate resources, while visibility over all ingress and egress points is key, correlating the host, user, and network activities to provide context to events and ensure auditability across a variety of disparate assets.
That is all very well for corporate-owned devices, and for those working in the cybersecurity industry, but what about the average employee and user? Tony Pepper, CEO of Egress, said it comes down to risk appetite for individual users, and when it comes to taking security risks, some people have a this wont happen to me mentality, while others are more cognizant of the risk but a feeling of I just need to get my job done prevails.
Education and awareness, while necessary, will only get you so far with both categories of employees, he said. Organizations therefore need to make sure they have appropriate controls in place and, where theres high risk to sensitive data, are providing a safety net for users that remove any grey areas from security decision-making, so its not always down to them to make the right choice.
Ultimately, this month is about raising awareness of the issues, and that is half of the battle. Adam Strange is the global marketing director atBoldon James, commented that the first week of NCSAM is looking at empowering users, and said that employees play a vital role in ensuring the organization maintains a strong data privacy posture.
Awareness both among businesses themselves and employees that connected devices are not always secure is relatively low and therefore businesses need to tackle this head on, he claimed, recommending businesses take the upper hand to invest in user training and education programs, and ensuring that a culture of security awareness is present and embedded into both their actions and the ethos of the business.
The remaining weeks of NCSAM follow the trend of IoT security, including securing devices at home and work; securing internet-connected devices in healthcare; and the future of connected devices. This all stems back to the central point that if it is to be connected, it needs to be protected.
If the average user is influenced more towards functionality and features over security and privacy, then this month is going the right way to ensuring a change of mentality over connected devices. We have a few more weeks to see if the message continues to be broadcast, and resonate widely.
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#NCSAM: Is Connected Ever Going to be Protected? - Infosecurity Magazine
Internet security Market Potential Growth, Size, Share, Demand and Analysis of Key Players Research Forecasts to 2027 – The Daily Chronicle
Fort Collins, Colorado The Internet security Market is growing at a rapid pace and contributes significantly to the global economy in terms of turnover, growth rate, sales, market share and size. The Internet security Market Report is a comprehensive research paper that provides readers with valuable information to understand the basics of the Internet security Report. The report describes business strategies, market needs, dominant market players and a futuristic view of the market.
The report has been updated to reflect the most recent economic scenario and market size regarding the ongoing COVID-19 pandemic. The report looks at the growth outlook as well as current and futuristic earnings expectations in a post-COVID scenario. The report also covers changing market trends and dynamics as a result of the pandemic and provides an accurate analysis of the impact of the crisis on the market as a whole.
Global Internet security Market was valued at 41.20 Billion in 2020 and is projected to reach USD74.04 Billion by 2027, growing at a CAGR of 8.2% from 2020 to 2027.
Industry Internet security Study provides an in-depth analysis of key market drivers, opportunities, challenges and their impact on market performance. The report also highlights technological advancements and product developments that drive market needs.
The report contains a detailed analysis of the major players in the market, as well as their business overview, expansion plans and strategies. Key players explored in the report include:
The report provides comprehensive analysis in an organized manner in the form of tables, graphs, charts, pictures and diagrams. Organized data paves the way for research and exploration of current and future market outlooks.
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The report provides comprehensive data on the Internet security market and its trends to help the reader formulate solutions to accelerate business growth. The report provides a comprehensive overview of the economic scenario of the market, as well as its benefits and limitations.
The Internet security Market Report includes production chain analysis and value chain analysis to provide a comprehensive picture of the Internet security market. The research consists of market analysis and detailed analysis of application segments, product types, market size, growth rates, and current and emerging industry trends.
Internet Security Market Segmentation, by Type
Hardware Software Services
Internet Security Market Segmentation, by Technology
Authentication Cryptography Access control technology Content filtering
Internet Security Market Segmentation, by Application
BFSI Retail Manufacturing Education IT & Telecommunications Government Aerospace, defense & intelligence Others
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The market is geographically spread across several key geographic regions and the report includes regional analysis as well as production, consumption, revenue and market share in these regions for the 2020-2027 forecast period. Regions include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
Radical Coverage of the Internet security Market:
Key Questions Addressed in the Report:
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Internet security Market Potential Growth, Size, Share, Demand and Analysis of Key Players Research Forecasts to 2027 - The Daily Chronicle
Cyber Security Awareness Month is here! – We Live Security
A month teaching us that when everyone pitches in and does their part, then almost everyone is protected
October is a month associated with many things, including stunning fall foliage displays and various global and national celebrations. In many parts of the world, people are thinking up costumes for the parties that will be happening in the run-up to the scariest day of the year Halloween. Yet, there is one more thing October is about, and it is by no means the ever-present smell of pumpkin spice. A subject that if overlooked can be far more terrifying than the ghastliest Freddy Kruger costume cybersecurity.
Unfortunately, that is no exaggeration. With technology now being an integral part of everyday life and many tasks transitioning from the analog to digital space, it is now more important than ever to protect our digital lives from continuously evolving cyber-threats. Long story short, for cybercriminals everybody is a potential target; government official, celebrity, tech CEO, or average John Q. Public they dont discriminate.
However, governments and their agencies are well aware of these threats, so in a bid to educate their citizens to do their bit and be responsible netizens, they raise awareness using various campaigns. October has been chosen for such initiatives, being designated European Cyber Security Month (ECSM), and Cyber Security Awareness Month (CSAM) in the United States and Canada.
Over the course of the month, the campaigns feature several main themes, with each week dedicated to a different one of them. This years overarching theme of CSAM in the US is Do Your Part. #BeCyberSmart. The key message If you connect it, protect it focuses on the increasing inter-connectedness of our world and the Internet of Things (IoT), including against the backdrop of the current trying times of COVID-19.
We are connected more than ever before, with internet-enabled devices steadily becoming more integrated into our lives with each passing day. We use voice assistants to help manage our daily activities, our smartphones are connected to our security cameras and smart doorbells as well as smart household appliances; you can now check if your washing machine has finished its cycle or if your dinner has been properly heated. Everything is available at the tap of a finger on your smartphones screen.
However, all of these marvels of technology also introduce a slew of potential risks and avenues for cyberattacks. But being aware of how these devices impact our lives and what risks they carry allows us to handle them more responsibly and take steps to mitigate those risks. Its also worth noting that the current pandemic has changed how people work and even study, with technology shouldering the brunt of the transition of doing almost everything from home. The transition also introduces its own vulnerabilities that people need to be aware of.
By raising the collective awareness of these threats and vulnerabilities, initiatives such as CSAM and ECSM aim to ensure that everyone does their part and contributes to increased safety and security online. When everyone is responsible, and everyone does their part, it increases global cyber-immunity and reduces the risk of getting cyber-infected.
WeLiveSecurity is happy to do its bit with a series of four articles that will be aligned with these weekly themes:
Week of October 5th: If you connect it, protect itWeek of October 12th: Securing devices at home and workWeek of October 19th: Securing internet-connected devices in healthcareWeek of October 26th: The future of connected devices
Stay tuned and safe!
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Cyber Security Awareness Month is here! - We Live Security
Latest Report on Global Internet of Things (IoT) Security Market Analysis, Growth, Opportunity and Regional Insights 2026 – The Daily Chronicle
ReportsCheck offers the most recent report and detailed methodological outputs on Global Internet of Things (IoT) Security Market Research Report 2020-2026 With Regional And Country-Level Bifurcation. All the subtleties posting definitions, item types, applications, research locales are stated in this report. The report features creation rate, vital participants, item types, income examination, and market share. The deep investigation of top Internet of Things (IoT) Security companies, company portfolio, and market share is clarified. The business systems in Internet of Things (IoT) Security , development patterns, deals, and mergers and acquisitions are recorded.
The procedures followed by driving market players which will reflect development during the forecast frame 2020-2026 is examined in this report. The previous market advancement, openings, and market chances are analyzed. The principal Internet of Things (IoT) Security Market outline, improvement scope, market elements, development challenges, and impacting factors are advised. The import-export details, supply-demand statistics, manufacturing cost, market maturity analysis is conducted.
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Market Outline:The report records the Internet of Things (IoT) Security product review and demand, applications, item features including value, income, deals, development rate, and market share study.
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Latest Report on Global Internet of Things (IoT) Security Market Analysis, Growth, Opportunity and Regional Insights 2026 - The Daily Chronicle
Remarks by Henrietta Fore, UNICEF Executive Director, at Security Council meeting on universal connectivity & access to digital technology in…
Good morning. On behalf of everyone at UNICEF, thank you for this opportunity to talk about the importance of universal connectivity and digital tools. Our appreciation to the Permanent Mission of Niger for the invitation.
As we speak, half of humanity is not connected to the internet including 360 million children and young people.
For these young people, the costs are high.
It means losing out on learning and education.
It means not gaining the skills they need to find employment.
And in the broadest terms, it means perpetuating the inequalities that continue to divide communities and the world. Between the haves and have nots. Between those who have access to opportunities and those who do not.
The COVID-19 pandemic has exposed this divide in stark terms.
It caused the largest disruption of education in history affecting 1.6 billion learners across more than 190 countries.
This is especially tragic in low and middle-income countries places where gaining an education is already an uphill struggle.
And especially so in countries enduring conflict and instability.
In all, nearly one in every four children in the world lives in conflict or disaster-stricken countries.
That means that more than 75 million children and young people are currently in urgent need of educational support in 35 crisis-affected countries.
Girls in conflict zones are especially at risk. They already face a range of challenges including violence, abuse and psychological trauma. Theyre also less likely than boys to return to school following lockdowns and the destruction of school infrastructure.
The figures are also stark for refugees. Even before COVID only half of refugee children have access to primary education, compared with a global level of more than 90 percent.
For adolescent refugees, the picture is bleaker still. Just over one-fifth of them were in lower-secondary school. And just one per cent of refugees attended university, compared to the global rate of 34 percent.
In short we are failing a generation of young learners across conflict and post-conflict settings.
Not only denying them an opportunity to shape their minds and pursue opportunities but a sense of normalcy, safety and growth that every child needs.
At UNICEF, we believe that as countries look to build peace, grow economies, and climb the development ladder, they must dramatically expand education for all people, no matter who they are or where they live.
And closing the digital divide is a critical step.
UNICEF and ITU have joined forces to launch GIGA, an ambitious global initiative to connect every school and its surrounding community to the Internet.
And partners are rapidly joining our work.
More than 30 Members States are now mapping-out school connectivity. Theyre also working through GIGA to create investment opportunities for blended public and private sector money to build the infrastructure needed to provide universal access to the internet.
Working with my fellow co-Briefers today Minister Sengeh [Sen-Gay], Minister Guimba [Gim-ba], and Minister Ingabire [In-Gah-Bir-Ay] were developing business cases to connect almost 33,000 schools in total across Sierra Leone, Niger and Rwanda.
Weve also joined forces to create locally developed technology grassroots innovations that UNICEF can help take to scale.
In Sierra Leone, for example, weve been working with Minister Sengeh to build drone corridors, test cryptocurrency for public services, and use sophisticated satellite data to map the most vulnerable populations and their schools. All of these innovations review expanding connectivity to every community.
And the Government of Rwanda has developed one of the most comprehensive child safety online frameworks anywhere, to keep children safe when using these tools. We encourage other countries to follow this model.
So government commitment is essential.
But we also need other partners to join our work.
Ericsson has joined GIGA with a multi-year, multi-million-dollar commitment.
The European Investment Bank is now supporting our work to create financing solutions like connectivity bonds for internet access in vulnerable countries.
The World Bank has provided our hosts, Niger, with $100 million to connect schools and villages an exciting opportunity that UNICEF is proud to support.
UNICEF is also working with UNHCR to increase school connectivity in communities hosting refugees while also designing and activating the tools that young refugees need to continue their education. This includes online learning tools, like the Learning Passport a distance-learning platform we developed with Microsoft and Cambridge University.
Were working with mobile phone companies to provide zero rating solutions to provide access to online learning tools as weve done in Africa and Latin America.
And weve joined forces with companies to provide students with new learning devices that are preloaded with relevant, topical and accessible curriculum.
Our ultimate vision is about taking all of these tools this software that serves public needs and combining it with safe, universal connectivity.
We want to revolutionize learning and skills development for children no matter where they live by turning them into Digital Public Goods.
Imagine being a young person and connecting to the internet for the first time. Imagine feeling that this internet is safe for you. Imagine finding at your fingertips all the tools you need to learn, build skills, find employment, and communicate globally. All for free, as globally available digital public goods.
To bring this vision to life, weve launched the Digital Public Goods Alliance with Norway, Sierra Leone, and Indias iSpirit [Eye-Spirit]. This Alliance brings together open-source solutions that can support young people across every aspect of their lives.
As Ive explained, education is a big part of this. But connectivity and digital goods can support so much more for conflict and post-conflict settings. They can become a permanent part of a countrys infrastructure as they re-build following a humanitarian emergency like a conflict or natural disaster.
This includes providing training and skills-development for young people ready to join the workforce especially girls.
Our Generation Unlimited platform is bringing together the public and private sectors to develop and deploy new digital tools and investments to this work.
And just last week, UNICEF connected the Norwegian Digital Public Goods Alliance to GIGA. Were now working with the Ministers here today and their teams and many others to develop and deploy open source software for financial inclusion, health, education and more. Software that can be shared across participating GIGA countries.
But unlocking these opportunities requires a massive global effort.
We need all countries to join early leaders like Niger, Sierra Leone, Kazakhstan, Rwanda on both connectivity and developing and scaling the digital software that can deliver solutions across a range of sectors.
We need to reach the most marginalized children and communities by pooling together the data that we as governments, UN agencies and civil society have to identify the gaps. Especially in conflict-affected areas and for those children on the move as migrants, refugees or IDPs.
And as always, we need funding. Join our call to raise an initial $3 billion in catalytic funding for connectivity and $500 million for digital learning, including content, for every child, under UNICEFs Reimagine Education initiative.
We need your help and influence. More than anyone, this Council recognizes the clear link between a childs ability to learn and grow, and the peaceful, prosperous, and stable world we all seek.
Help us unlock the full promise of connectivity and digital tools. Not only for children, but for their communities and countries. And ultimately, for the peace of our world. Thank you.
***
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Remarks by Henrietta Fore, UNICEF Executive Director, at Security Council meeting on universal connectivity & access to digital technology in...
Lessons learned from firsthand experience on how to avoid internet fraud and other forms of cyberattacks (opinion) – Inside Higher Ed
The first things you will notice when entering Montgomery Colleges Cybersecurity Center and Lab are the large video panels around the room that show a steady stream of cyberattacks represented by lines connecting attackers and targets on a world map. The displays show known cyberattacks, which are instantly blocked. It can be mesmerizing just watching the maps activity, with attacks touching almost every part of the world, until you remember that each is an attempt to commit theft, fraud or another crime.
The scope of the global attack is sobering to think about, and I am thankful for the cybersecurity professionals who work to protect us all. Many of the students who train in our lab will become cybersecurity pros themselves. Some come to us to enhance their existing skills and go on to the thousands of available computer and cybersecurity career opportunities in government and industry. We need every one of them.
Of course, these criminal endeavors never stop. Despite our diligent focus on security and protecting our assets, in September of 2019 Montgomery College fell victim to an internet fraud committed by criminals outside the college. They stole funds totaling $2.8million by routing them to a fraudulent bank account. The fraud was discovered quickly, and we took immediate steps to recover the funds. We have recovered 39percent, resulting in a net loss of $1.7million. A year later, we remain hopeful yet realistic about the possibility of recovering more of the stolen money.
As you might expect, it was initially disconcerting to know that we were victimized in a fraud scheme. It is an intrusion, albeit an electronic one, but an intrusion nonetheless. It is like realizing a stranger has broken into your home. The initial shock of the crime fades quickly, you discover how the criminal took advantage and you take every step to catch the perpetrator and prevent it from happening again.
Knowing that criminals frequently target colleges and universities through similar fraud and other schemes offered some consolation, but not much.
We immediately chose to be as clear and open as we could about the fraud, and I am gratified by the responsiveness and support weve received. Our full cooperation with the investigating authorities required that we keep some details of the crime under wraps, but we otherwise had straightforward conversations with the Montgomery College community, our state and county leaders, our accreditors at the Middle States Commission on Higher Education, journalists, and other stakeholders about the fraud scheme. Our transparency and forthrightness about what happened was always rewarded with cooperation, assistance and advice.
Our most important message in the immediate aftermath of the crime was to assure our students, faculty members and staff members that the fraud scheme would not adversely affect their studies and work or the colleges financial strength. While a significant amount of money was stolen, our educational mission continued without fail. The net loss amounted to about one-half of 1percent of our operating budget. We recognized the loss in our financial statements for the fiscal year ended June30, 2020, and we received an unmodified opinion from our auditors for the year, the highest level possible. Whats more, we earned an Aa3 Stable rating from Moodys Investor Service, a testament to our long-standing conservative financial management philosophy.
Learning from the Incident
Naturally, we all wanted to know how this could have happened, even though our employees had followed strict internal financial controls. Security experts remind us that criminals are continually inventing new ways to commit their internet crimes. The steps we take to safeguard ourselves today will soon be met with new criminal threats. So, in addition to working with the FBI, local law enforcement authorities and the Montgomery County inspector general, we conducted a rigorous internal investigation to learn from the incident. We also commissioned an external accounting firm to conduct a special audit of our financial controls, contract administration and vendor relationships. As a result, we have implemented several new controls to further secure our assets, data and operations.
A big part of our response has been to increase the training of our employees. To stay ahead of the criminals, the training program is ongoing and regularly updated. Any employee who approves an invoice payment, manages a vendor or administers a contract needs to know how to spot a scam. To date, more than 2,000 of our employees have participated in the training that will improve their ability to detect potential fraud.
Our response to the fraud scheme also benefited from having the expertise of our Office of Compliance, Risk and Ethics. We formally established the office nine years ago to help us identify and prioritize internal and external risks and threats. The offices expertise includes an internal auditor dedicated to improving financial controls and responding to new threats. I am thankful to these Montgomery College professionals and others in finance, procurement, information technology and additional areas for their dedication to safeguarding us.
As prepared as any institution can be for this kind of fraud attack, you can always do more. Some lessons we learned from our experience might be useful to other institutions in preventing a fraud scam or responding to one should it occur.
To prevent a criminal attack:
To respond to a criminal attack:
I have to admit that it is a bit humbling that we at Montgomery College, with our respected track record of preparing so many students for successful careers in cybersecurity and fighting internet fraud attacks, have ourselves been victims of such a crime. Yet this experience has taught us that, even with sophisticated fraud-prevention measures in place, we were still vulnerable. Institutions must continually advance their defenses to protect themselves. Weve also learned that our instinct to respond with transparency was correct, and we benefited from the support of our colleagues and community.
The next time I visit our cybersecurity lab, I will have an even greater appreciation for the enormity of the criminal threats we face every day -- and the confidence to know that we are employing all the safeguards we can so that the flurry of criminal activity on the labs screens has nothing to do with us.
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COVID-19 Update: Global Internet Security Audit Market is Expected to Grow at a Healthy CAGR with Top players: Symantec, Intel Security, IBM, Cisco,...
Internet Security Market 2020: Potential growth, attractive valuation make it is a long-term investment | Know the COVID19 Impact | Top Players: HPE,…
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