But every device is a potential way into its network, and the recent explosion of IoT devices presents security risks.
WASHINGTON, November 9, 2022 – Since Internet-of-Things appliances are prime “landing spot[s]” for cyber-attackers looking for network access, industry standards and open-source resources are important to maintaining cybersecurity at the device level, said Brian Scriber, vice president of security and privacy technologies at CableLabs, a non-profit the innovation arm of the cable industrylab.
“The mark that we’re really shooting for is how do we get some industry-led initiatives to really make a difference on the… supply” (of IoT devices),” Scriber said Tuesday on during a cybersecurity panel at the American Enterprise Institute, a conservative think tank.
IoT refers to network-connected devices that can interact with their environments. IoT devices can be refrigerators, thermostats, home-security systems, health-monitoring devices, and much else. But every device is a potential way into its network, and the recent explosion of IoT devices presents security risks.
“If you are an attacker, finding a vulnerable device like a lightbulb is fantastic because it has power constantly, it has the computational ability to be able to engage, you gave it network credentials when you brought it on your network,” Scriber argued. And e
Even a secure network can’t protect against the cyber risks associated with vulnerable devices, he added.
In addition to device security, overall network security is crucial and can be enhanced by limiting communication between devices, suggested said Katerina Megas, program manager of the Cybersecurity for Internet of Things Program at the National Institute of Standards and Technology, a federal agency responsible for technical calibration and standard-setting.
“There has to be an ecosystem approach,” Megas said.
In October, President Joe Biden’s administration announced preliminary steps towards a cybersecurity labeling system for IoT devices.
“By developing and rolling out a common label for products that meet by U.S. Government standards and are tested by vetted and approved entities, we will help American consumers easily identify secure tech to bring into their homes,” the White House said.
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Panelists identified risks in employees freely accepting links without thinking about their associated risks.
WASHINGTON, August, 24, 2022 – Companies should assume that new programs installed on company systems pose a threat to their networks to ensure a vigilant position on hacking risks, according to an expert on cybersecurity, after the country faced a number of high-profile cyberattacks recently.
The zero trust approach in which the default position is one of distrust of new programs was touted by Osman Saleem, cybersecurity and privacy director of operational technology and internet of things at professional services firm PricewaterHouseCoopers in Canada, who was speaking as a panelist on a Fierce Telecom event on Monday.
The event heard that the vast majority of security breaches at companies were a result of human error, including clicking on links containing malicious software (malware) that can wreak havoc on and suspend company systems. Data, in the case of a ransomware attack, can be locked away until the company pays a monetary sum to get it back.
Fred Gordy, director of cybersecurity at smart building company Intelligent Buildings, said companies sometimes don’t even back-up their systems in the event of an attack and only end up doing so in response to an attack.
Gordy also encouraged the zero trust approach to company security by assuming all digital programs and software have malware.
Saleem proposed that cybersecurity documents be reviewed and revised regularly because the cyber landscape always changes. This, he said, can protect the digital infrastructure of the companies’ systems, operations and employees.
Meanwhile, Congress has been pressing the issue, following the high-profile cyberattacks on software company SolarWinds, financial services company Robinhood, meat producer JBS, and oil transport company Colonial Pipeline. President Joe Biden earlier this year signed, as part of a larger budget bill, the Cyber Incident Reporting for Critical Infrastructure Act of 2022, which requires certain critical infrastructure companies to report cyberattacks to the federal government.
A House Oversight and Reform committee investigation concluded that certain hacks on companies were perpetrated through, in one example, an employee accepting a fake browser update. In the case of Colonial Pipeline and JBS, the use of many devices connected to the internet (IoT), the investigation found mass-produced factory password settings may have been the point of vulnerability.
‘I just want to limit the ability for any bad actor to get into your device.’
July 27, 2022 – Antitrust legislation that would restrict the preferential treatment of certain apps on platforms would harm national security by making more visible apps from hostile nations, claimed Representative Eric Swalwell, D-Calif, at a Punchbowl News event Wednesday.
The American Innovation and Choice Online Act is currently under review by the Senate and, if passed, would prohibit certain online platforms from unfairly preferencing products, limiting another business’ ability to operate on a platform, or discriminating against competing products and services.
The legislation would ban Apple and Google from preferencing their own first-party apps on their app stores, which would make it easier for apps disseminated from hostile nations to be seen on the online stores, Swalwell said.
“[Russia and China] could flood the app store with apps that can vacuum up consumer data and send it back to China,” said Swalwell, adding that disinformation regarding American elections would spread. “Until these security concerns are addressed, we should really pump the breaks on this.”
Swalwell asked for a hearing conducted by Judiciary Committee of the House with the National Security Agency, Federal Bureau of Investigation, and Homeland Security officials to lay out what the bill would mean for national security.
“I just want to limit the ability for any bad actor to get into your device, whether you’re an individual or small business,” said Swalwell.
Lawmakers have become increasingly concerned about China’s access to American data through popular video-sharing apps, such as TikTok. Last month, Federal Communications Commissioner Brendan Carr called for Apple and Google to remove the app on the grounds that the app’s parent company, ByteDance, is “beholden” to the Communist government in China and required to comply with “surveillance demands.”
The comments follow debate surrounding the bill, which was introduced to the Senate on May 2 by Sen. Amy Klobuchar, D-Minn., on how it would affect small businesses and American competitiveness globally.
‘Information sharing between the government and the private sector, while integral to tackling ransomware, is inconsistent.’
WASHINGTON, July 27, 2022 – The federal government should incentivize the reporting of cyberattacks through safe harbor and shield laws, said experts at an Atlantic Council event Tuesday, as a recent law requiring companies in critical infrastructure sectors to report such attacks to the federal government is limited and currently unclear on who exactly it impacts.
The Cyber Incident Reporting for Critical Infrastructure Act passed in March does not cover private companies who do not operate in the critical infrastructure sectors and does not include safe harbor and shield laws that would encourage private companies to engage in the process.
Oftentimes, companies will avoid interacting with law enforcement to avoid the stigma associated with being a victim of a cyberattack and out of fear of being held liable by regulators and investors, said Trent Teyema, senior fellow at technology policy university collaborative GeoTech Center.
Teyema called for a safe harbor framework, a law that provides protection against legal liability when other conditions are met. Such a provision would decrease the risk of companies being held liable for cyberattacks from regulators, investors, and the public.
He also called for shield laws that would protect against revealing certain information to the government as a requirement for receiving law enforcement assistance.
The government needs to make it easy for the private sector to share information with law enforcement, said Teyema.
“Information sharing between the government and the private sector, while integral to tackling ransomware, is inconsistent,” read a report written by Teyema and David Bray, fellow at GeoTech Center. Information sharing across sectors allows cybersecurity experts in both sectors to learn about new vulnerabilities in software and new attack vectors. It strengthens collective resiliency and can influence the processes used to anticipate and respond to threats, continued the report.
Ransomware attacks in which bad actors demand money to release encrypted data are increasing dramatically, reported the White House last year. Ransomware incidents often disrupt critical services, such as banks, hospitals and schools that require constant access to data. In 2021, there was approximately $20 billion in damages from ransomware attacks in the United States, with $11 billion in 2020 and $5 billion the year before, said Bray.
This follows on the heels of the 2021 Colonial Pipeline hack that targeted the billing system and led to the shutdown of the largest fuel pipeline in the United States. The Russian-speaking cybercrime group responsible, DarkSide, received $4.4 million in ransom from Colonial, part of which was later recovered by the United States law enforcement.
Research firm Cybersecurity Ventures predicts that there will be a ransomware attack every two seconds by the year 2031 with global costs exceeding $265 billion.
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