Category: Cyber Security Venture Capital
Cybersecurity Dilemna -A Conundrum-
co·nun·drum
kəˈnəndrəm/
noun
noun: conundrum; plural noun: conundrums
a confusing and difficult problem or question.
“one of the most difficult conundrums for the experts”
This is the conundrum of the digital age.
One one hand executives of a company will be the first to state they think their systems are secure, and if there are any problems they are small.
or
Maybe they think their information, data and business relationships are not important to hackers because, “too small”, “not on radar screen”, or “we have nothing worth taking.”
But both of these are clearly conundrums:
- The first is pretty basic, if you think you are secure but have not brought in outsiders to test your systems and people and facilities, then how do you know?
- The second is also pretty basic, if you think you have nothing to lose, then you might not take stringent security steps necessary, thus making your organization ever more vulnerable.
But- and this is actually more like a because — Organizations have to think and act pro-actively when it comes to cyber security and privacy. True for people too. If you think you have no cyber weaknesses than you do. If you think you have nothing to lose, than you do. If you think no one is interested in your organization because it is too small or not on the radar screen, than you are wrong, and they are.
Now is actually the time to assess your organization’s situation, and that of your people too. Do it now before you get hacked or breached. Because you will get hacked or breached. Be prepared. Don’t be caught behind a truck that just ran over your business and people.
My company Digijaks sees a lot of these types of issues with clients. Preventive medicine works, in healthcare and cyber security. Both need daily hygiene and maintenance and both also need updates, checkins and repair work too.
Reputation Cyber Security of IoT.
Ah, the Internet of Things.
Just the sound of it sends thrills, chills and huge question marks through both technologists and regular people alike.
Just think, you can already do the following:
- Track your health.
- Track your kids.
- Track your home.
- Talk to your fridge.
- Talk to your car.
- Have your fridge, oven, and tv connected to your smartphone, not to mention the video doorbell.
I could go on with this list. But why bother?
The Internet of Things, or IOT as it is called in the media, by analysts and techies alike is an amorphous concept and does not easily translate into everyday speak for the average person.
There are cybersecurity concerns with the overlapping inter-connectedness that are growing exponentially by the month; as more and more devices come on line, get connected to the Internet. Many if not most have little to zero security protocols built in.
There is no current “IOT cybersecurity standard” or anything close. As a result, the apps and tools that seemingly make your life so easy, are in most probability leaking, if not pouring personal information about you or your family onto the internet in ways you may or may not be aware of.
There are reputation control and reputation management issues arising from both the above mentioned inter-connectedness as well as from some basic common sense things that come from having devices connected to the Internet and talking to “home” or each other in ways that also reveal identity, location and other personal information. Some of these IOT apps and tools even tweet or post other social updates for you as reminders, alerts and other pushed out information into public or semi public arenas.
So ask yourself 5 Major IOT for Reputation Questions:
- Does everything have to be connected to everything and what happens with a point of failure or with multiple points?
- Even if you want to track your whole life, does it need tracking?
- Does the good of the device in your life outweigh the bad of the cybersecurity or reputation risks?
- Do your kids’ need this tracking on them and beyond knowing where they are, do you want your kids’ information in companies with weak or zero cybersecurity protections?
- Do you want your kids’ information broadcast out to the Internet because of auto update or bot tweeting something?
Global Cybersecurity + Venture Capital
We live in a hyper-connected world that brings the globe to you; and you and your family to the globe at equally fast speeds. While on one hand, any one of us can access the internet, through any number of tools, platforms, technology and software and almost any combination too. But on the other hand the internet can and does access us, and all of our information, every minute of every day. Probably more than you and your family access the internet.
One thing that is growing in need and in reality is the international and cross cultural aspects of Cybersecurity. For example, businesses and governments alike in the US and in Israel face similar challenges within similar robust telecom and economic environments. 15 years ago the idea of US and Israeli Cybersecurity companies working together seemed remote or exotic. Speak to anyone in Cybersecurity, and it won’t take long for the Israeli Cybersecurity community to come up. True for Venture Capital in Israel too.
Dr. Orit Mossinson, a Venture Capitalist + founder of Dalai VC – A VC firm that specializes in Cybersecurity – had this to say: “Bringing Israeli Cybersecurity companies through capitalization to becoming the leading edge of how to combat cyberwar efforts, is just beginning. Over the next few years there is going to be massive growth in this unique space.”
My company Digijaks is constantly working with businesses and governments on Cybersecurity. What applies to big business or governments applies to people and families mostly too. That is true in the USA, Israel, UK, Canada, Japan, Singapore, etc, or any nation considered 1st world with full internet access.
Within as long as it takes to blink an eye, you or your family can get caught up in a Cybersecurity breach leading to a Reputation and search breach. It does not take much, and is not the sole domain of big companies being targeted. Ask yourself, do you have wifi? Is it secure? Do you have devices? Run a business? Pay taxes? Do Online Banking? Any of the above could be the entry into your life by a hacker.
This might sound hard to believe in the era of downloadable feature films in a few seconds and the huge amounts of data coming “down” the “pipes” to our devices. But for every bit of data coming in; we are pouring it right back through apps, games, web browsing, file uploading, liking, tweeting, sharing, and videos and not to mention the IoT — as in your tweeting fridge and internet sharing toaster. Don’t even get started on the lack of cybersecurity for IoT globally. Because there is none. Or very little of note.
There just is not any in most of those devices or apps yet. Don’t kid yourself or mistakenly think you or your families are not being monitored and watched through the IoT. The more devices you have connected, the scale of magnitude of potential monitoring and watching is exponential.
Several years ago the digital exhaust of the average first world person with access to the internet was less than 1000 data points per person roughly. Now scale upwards and it is closer to 20,000 data points per person in their digital exhaust. How many companies are tracking these, and or reselling them to other groups? How many governments? How many hacking groups? Extortionists? Kidnappers? Digital Money Robbers?
When we get invited to address groups about Cybersecurity, they always want to know about their specific devices. Is this safe? Is that dangerous? Cybersecurity is one part hardened data, encrypted data and secure data transport. It is also one part human. Increasingly so, with socially engineered attacks such as phishing and drive by malware hosted on social media or in apps. The human element is about training employees, about families working with each other to be private and safe online and is about the fact that humans will and can get tricked by their own emotions and desires. This is what makes social engineered attacks so pernicious.
They are not about weak data points or lack of encryption. They are about our human frailty and how it gets exploited by digital tormenters.
Think about it. What if a Stuxnet-like custom designed cyber war tool; were to take out all the SCADA devices in a particular city? Or take out a particular industry like oil and gas or electrical generation; or at 50 hospitals at once? The problem is every unsecured SCADA device is also listed in multiple places to be publicly found on the internet, not even the dark web. 7 million + devices, terminals, industrial control centers, power plants, factories, utility grids and transportation and information networks are to be found just by searching.
Bring the best of the best together and create new environments in which they can work together to stop a global scourge of cybersecurity breaches and the resultant reputation and search breaches that follow every attack. True in the USA and true in Israel. The world is looking at the very beginnings of a 3rd World War. This one is invisible mostly, harms people in real life sometimes, yet is being conducted by numerous countries, companies, and criminals all at once against each other. Now is the time to start combining the best of the best and the brightest.
Emergency Social Media and You in Crisis
Many people must feel the 2015 holiday break could not have arrived soon enough what with terrorism, crazy weather and other events that get covered rightly or wrongly in social media. While these can be scary and confusing times, they can also be times to educate, learn and help one another to understand a new reality we are all living in now.
There are specific tactics and strategies for understanding how live events unfold in social media and these can be instructive to the general public about what you are seeing and when, during events like these past weeks that we have all experienced. Real life events almost always flow to the internet in a micro second. Knowing how to tell the difference between truth and fiction could be critical to saving your own life of that of your family in a real life emergency that is also happening on social media.
So below are general truths about live events that unfold in a digital realm and in real life.
General Truths:
- In any emergency in the digital age, there are three things that happen. The first is the incident itself. The second is the round of rumors, untruths and outright lies that get spread at the speed of email, phones, sms and of course social media. The third is the round of truth, where all the earlier rumors, untruths and outright lies now have to be dispelled.
- The fear factor is something we all face. Some deal with it better than others. This fear factor only gets enhanced by constant updates, notifications and of course, people checking social media non stop during emergencies/crisis/terrorist attacks.
- Truth and Veracity in information sharing, whether in person, on the phone, through email and on social media are paramount in times like this. Do not be the one spreading false or unverified rumors. Do not be the one sharing non-verified *news*. These actions can cause panic, can cause a response from authorities in the wrong place and more importantly can add to the sense of fear that already exists in events like these.
- As members of a community it is extra important for us to not be sharing false information, to be extra calm and careful with facts and to have vigilance with the news and information; and especially that our kids are getting access to. Help them. Make sure they are both understanding the facts, and not mis-truths; and that they are not responsible for sending or sharing false information.
- Even the media can rush to judgement in a situation like this and often times reporters will start referencing tweets and other social media. Many times the sourced social media is not a verified source, so even the news media will get it wrong in these situations. So it is up to you to take the extra couple of minutes to *verify* information, especially any information being provided to your kids or others’ kids.
- Just because you heard/saw/read something *DOES* not make it a fact, especially in a crisis situation. DO NOT JUST SHARE ANY RUMOR OR ANY STORY. CHECK. INVESTIGATE. THIS IS FOR THE SAFETY OF YOUR FAMILY AND THE COMMUNITY.
- Be aware that your kids may be getting wrong information/scary information from the internet, from social media, from the chats in games and from their friends. Work with your kids to understand the importance of getting to the facts, and not sharing what could be dangerous information. Same is true for the adults in your lives. Social media during emergencies can make normally calm people get very nervous and then they spread that nervousness by posting wrong or misinformed information in their zeal to make themselves feel better about the situation,.
- Be aware that not all technology will always work the way it should. Sometimes you may get called, sometimes you may not. Sometimes you may get an email, sometimes you may not. So build up a quick reference of social media accounts that you trust and are verified. Create a list of these, and keep it on your computer or device.
- Be prepared. We have all hopefully created safety plans for our businesses, community groups and families in case of emergencies. Do the same for digital emergencies. Know where to look. How to find what you need. How to dispel rumors that can be dangerous. Create a digital emergency family plan, and teach it to your kids. Practice it before something happens so it is not something to worry about, but rather something that becomes instinctive and instructive.
I created an emergency social media list on twitter with accounts that are both trusted and real. I suggest you do the same and keep that list handy.
Make a list of your local real life emergency providers websites, twitter accounts and other social media tools. Use them to verify information and dispel rumors.
#cybersecurity The Gift everyone needs for the Holidays!
Happy Holidays.
It is, as is so commonly mentioned in the media: “That Time of Year Again.” Yup. Packages. Shiny New Things. Cool Toys for the Kids and kid-adults alike.
It is also the time of year of increased cyber crime attempts aimed at retailers.
Add also the time of year when more families and organizations introduce new varieties of malware, ad-malware, viruses, worms, bad bots and devices that phone “home” into our homes, workplaces and civic spaces.
Yuck…
Malicious Adware Uses Certificates to Disable Security Products https://t.co/ijllAbzIXr
— Alan W. Silberberg (@IdeaGov) November 23, 2015
How? Because many devices are coming pre-loaded with malware. How many parents look into the workings of a cheap tablet before handing it off to the kids? How many people are checking new apps to see the permissions being requested on those new devices and old ones too?
Do you know what your connected devices are doing this holiday season? Perhaps it is not just calling the North Pole, but indeed calling “home” with your life information. This applies to talking teddy bears, connected fridges, Iot devices of every stripe, but not to mention your phone, tablet, smartwatch, car.
Skype, WhatsApp, and Yelp access your data hundreds of times, but nobody knows why https://t.co/xMvvlCrafF
— Digijaks (@Digijaks) November 24, 2015
Correlation of Wealth and Reputation Management
Wealth.
We all want it, work for it and strive for it throughout lives and careers.
Reputation.
We all have one. It us up to us to define it, scale it and defend it.
Which one is more valuable? Which one brings more of the other?
This is a two sided question. To some people, money is everything. To others, their reputation is everything, with money or without. While most people might reflexively think that money is more important, others will emphatically state that reputation management is paramount.
Some recent studies weigh in on the side of reputation. Reputation expert Michael Fertik recently weighed in on the issue in the UK’s Guardian Paper.
Digijaks CEO Alan W. Silberberg feels that money and reputation are completely intertwined; and that this effectively goes along with the associated correlation between social media and reputation management.
Money and Reputation are intertwined in ways most of us can barely recognize yet. Pretty soon, if not already, major banks are/will be assessing their clients not just based on assets under control, but on social indicators, and online reputation.
How many times have people searched you during or before routine financial meetings? Have you thought about this yet? 2015 definitely marks the year in which most of us need to start recognizing the distinct correlation between money and reputation — whether online or offline.