Several systemic weaknesses make IT systems inherently difficult to defend from a cybersecurity perspective. These weaknesses include vulnerabilities in computer code, misaligned incentive structures, a lack of understanding of critical interdependencies, and difficulties in managing the supply chain for both hardware and software. Although current cybersecurity practices can reduce the risk from these threats, substantially altering the balance between intruders and defenders will require sustained research and development (R&D) activity. In many cases, due to the fundamental, broad, long-term nature of the problem, the Federal government is the right sponsor for such R&D. Research and development funding in any or all the following areas would help address a critical systemic weakness: supply chain; secure coding practices; automation, artificial intelligence and machine learning; incentives; encryption and key management; understanding interdependencies and incentives; defenses against data manipulation; and workforce training.
Author: Cyber Threat Alliance
Systemic Cybersecurity Risk and role of the Global Community: Managing the Unmanageable
Cyberattacks are frequently becoming ‘cyber events’ with systemic impact. How can governments and businesses respond?
Preparing for New Incident Reporting Requirements
Mandatory cyber incident reporting is being extended to many more organizations. Those already subject to these regulations face new, more stringent, requirements. Engaging proactively with government agencies and your own incident response and legal partners will make mandatory incident reporting as frictionless as [...]
An Update on the State of the SEC’s Approach to Cyber Risk
This update follows the March 2021 State of Cyber-Risk Disclosures of Public Companies. Recent cyber-related comments and enforcement actions by the U.S. Securities and Exchange Commission made clear that the SEC has escalated its scrutiny of the cybersecurity disclosures of [...]