While the full scale of the effects of the Equifax data breach won't be seen for months or possibly years, researchers estimate that recovery could cost billions of dollars and be the most expensive ever seen. Legal expenses, fines and fees could all contribute to these costs, as could expenses incurred from insurance rate hikes and damage to the company's reputation.
Equifax has admitted that it dealt with a cybersecurity incident in March -- just a few months before a breach occurred that affected 143 million consumers. The company didn't offer details, but it did note that the incidents were unrelated and were reported to affected individuals.
Emergency dispatch centers make attractive targets to hackers, so centers need to ensure that their systems are secure, Jeremy Smith writes. He provides steps for checking and boosting security, including considering cybersecurity as part of your budget and developing an active rather than a passive policy.
More companies are beginning to back up their data on tape as cyberattacks get more sophisticated, says Cyber Security Expert founder Rob Pritchard. Using tape to store data backups is cost-efficient, more reliable than hard drives and has longevity that is unmatched by other storage mediums.
Outdated software, an understaffed tech department and shadow IT in corporate infrastructure are among challenges facing IT executives, who must manage and patch a vast computer network to retain security. "The sprawl of infrastructure and asset management of all these types of devices and servers ... is getting more and more complicated for security and IT teams," said Jeff Pollard of Forrester Research.
Hyderabad, India, has partnered with T-Hub to deploy the Smart Mobility and Transportation Cluster. The cluster at the T-Hub headquarters opens opportunities for startups and other companies to develop and test technology for electric and autonomous vehicles, as well as shared mobility solutions.
President Donald Trump's administration released new guidelines for self-driving vehicles that are "entirely voluntary" and will not be enforced by the government. The administration urged states to not be too heavy-handed with regulations, a move that has been applauded by self-driving pioneers such as Ford, Lyft, Uber, Volvo and Waymo.
Video service Vevo is the latest company to have its data breached by hacking group OurMine. The group stole more than 3.12TB of company information and began publishing it online, reportedly in retaliation over a LinkedIn altercation with a Vevo employee.
The Department of Homeland Security's Science and Technology Directorate awarded $1.9 million to Kryptowire and Red Hat to analyze security or privacy issues with mobile apps. The goal is to find vulnerabilities before the app is added to an app store or phone, a company spokesman said.
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