ICD Brief 72.
This week’s Brief brings you some good news. We see a world moving away from indecision towards order with laws, innovation, multi-stakeholder working partnerships, integrated cybersecurity response teams, education, training and exercises. Our updates come from the US, Australia, the EU, Indonesia, Israel, Iran, NATO, Netherlands, Slovakia, South Korea, the UAE and the United Kingdom.
We lead with three headlines:
The PWC Risk Predictions for 2018: The Global State of Information Security Survey 2018 by PWC
Why Healthcare Cybersecurity Spending Will Exceed $65B Over the Next 5 Years and the new guidance from the UK’s National Health Service.
Jerusalem Venture Capital Founder Erel Margalit : Israeli Entrepreneur Calls for NATO-Style Cybersecurity Alliance
“Healthcare has been at or near the top of the list for industries at greatest risk of cyber intrusions over the past two years. And CIOs and CISOs at healthcare organizations are shelling out a lot of money to cyber defend themselves. Cybersecurity Ventures predicts global healthcare cybersecurity spending will exceed $65 billion cumulatively over the next five years, from 2017 to 2021.”
“NHS Digital has welcomed new guidance that will see suppliers of critical services fined if they fail to enforce adequate protection against cyber-attacks. Under new government guidelines targeting Britain’s critical industries, financial penalties of up to £17 million will be handed down to healthcare, transport and utility companies that do not implement “the most robust” cybersecurity measures.”
“President Donald Trump’s national security team is looking at options to counter the threat of China spying on U.S. phone calls that include the government building a super-fast 5G wireless network, a senior administration official said on Sunday.”
“Strengthening the global digital economy is a shared priority and a pillar of the EU-U.S. trade relationship, according to a media note issued by the Office of the Spokesperson, after the 15th Information Society Dialogue took place on February 1, where delegations from both Brussels and Washington participated in discussions with industry representatives on digital and ICT issues.”
“New rules underscore Australia’s recent efforts to tackle cyber security challenges on the local and international stage. Australia will kick off the cyber security year with a bang when its new data breach disclosure legislation comes into effect in February 2018.”
“The State Code and Cyber Agency (BSSN) in Jakarta said, it will team up with Australian counterpart in creating standard of handling cyber attacks. BSSN and the Ministry of Communications and Informatics and the Coordinating Ministry of Law, Security and Political Affairs, exchanged experience for capacity building with Australia, Anton said.”
“The main mobile operator Mobile Telecommunication Company of Iran (MCI) has established a computer emergency response team, named MCI CERT that will help educate the people about cybersecurity and assist them in case of emergencies.”
“Israel and its global allies, in the US, Europe and the Mediterranean region, must set up regional computer emergency response teams that will work together — a “cyber-protection alliance NATO” — to foil hacking attempts in the civilian sphere that are becoming more and more aggressive, said Erel Margalit, a former Knesset member and high-tech entrepreneur, on Wednesday.”
“The NATO Cooperative Cyber Defence Centre of Excellence (CCDCOE) has been selected to coordinate education and training solutions in the field of cyber-defence operations for all NATO bodies across the Alliance.”
“The top three banks in the Netherlands have been targeted in rolling multiple cyber attacks over the past week, blocking access to websites and internet banking services, they said on Monday (Jan 29).”
“The parliament, during session on January 30, passed a law on cyber-security with the goal of ensuring the security of Slovakia’s cyber-space, the TASR newswire wrote.”
“Officials of South Korea and the European Union will hold a policy consultation meeting this week to discuss cooperation on cybersecurity issues, Yonhap news agency reports, citing a statement from the Korean Foreign Ministry.”
United Arab Emirates
“A little-known cyber security company in the United Arab Emirates (UAE) recruiting executives who have worked for Western intelligence services is turning over hundreds of millions of dollars a year, largely in contracts with the government, according to its chief executive.”
“As companies gear up to make themselves complaint with upcoming data protection regulations in Europe around GDPR, those doing business in Member States will also be facing another wave of requirements around cyber security, as part of the NIS Directive covering network and information security that must be put into place across Member States by May 9, 2018.”
“UK financial sector IT security teams face immense challenges that are undermining business opportunities and continuity in financial services, a survey reveals.”
Prediction for 2018
“The Global State of Information Security® Survey 2018 draws on the responses of 9,500 executives in 122 countries and more than 75 industries. The first focus area in this series is why businesses are vulnerable to cyber disruptions – and how leaders can help their organizations build resilience to sustain operations and boost economic performance in the face of such challenges.”