Jacob Olcott
Washington, D.C.
talking about cybersecurity, corporate governance, and Back to the Future (1 only)
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Articles by Jacob Olcott
Where do CISOs stand in an era cyberattacks and intense scrutiny?
Cybersecurity has no doubt entered the national dialogue when it comes to economic or even national security issues. By nature, cyber is a deeply technical endeavor, but organizational culture surrounding security has become as important as the tech wizardry itself.
Risk Management Monitor
Vendor risk management (VRM) is the practice of evaluating business partners, associates, or third-party vendors both before a business relationship is established and during the duration of your business contract. This is an important concept and practice to put in place during the evaluation of your vendors and the procurement process. A key feature of VRM is understanding your vendor’s cybersecurity program.
Vaccine Developers are at Risk: How to Fight Hackers and Address the Health Crisis
As COVID-19 cases continue to rise in the U.S., the global race is on for a vaccine to help society safely return to normal. The U.S. government alone has already invested nearly $11 billion in vaccine trials to secure enough doses once a vaccine is deemed safe and effective— however, this investment is at risk due to some potentially serious cybersecurity issues by the organizations conducting the research.
The 2020 U.S. Election will be Compromised
Industry executives and experts share their predictions for 2020. Read them in this 12th annual VMblog.com series exclusive. By Jacob Olcott, Vice President, Communications & Government Affairs, BitSight During the 2020 U.S. election, nation states will attempt to tamper with the voting infrastructure.
The Threat of Burnout and Turnover in the SOC
By Jacob Olcott, Vice President, Communications & Government Affairs, BitSight Long hours on understaffed teams, unceasing vigilance, and opaque security infrastructure is taking its toll on security professionals. And the statistics are daunting: a recent study by The Ponemon Institute and Exabeam found that 65% of IT and security professionals are currently considering leaving their jobs.
CISO do's and don'ts for board reporting
Security is no longer just a job for IT – it impacts all areas of a business, from brand perception to the bottom line. As a result, CISOs are increasingly being asked to deliver cybersecurity reports to their boards, including information on global trends, security performance, security strategy, and security spend.
We’re hitting rock bottom in cyber - let’s do something
When it comes to the cybersecurity problem, where is rock bottom? Was it WannaCry, a ransomware attack unprecedented in scale that held hostage computers in 150 countries in May, including Britain’s National Health Service? Or a similar and perhaps even worse attack that hit countries around the world just weeks later? Was it the Yahoo breaches tied to a state actor that affected 1.5 billion user accounts?
What The Smartest CFOs Are Doing About Cybersecurity
As headline after headline in recent years have shown, cyberattacks have become a fact of life for companies, governments and consumers, and the threat seems to grow more severe every day. That should be keeping not only CEOs, CIOs and chief information security officers up at night, but CFOs too. After all, one of the CFO's primary responsibilities is managing an organization's financial risk, and cybercrime represents one of the biggest risks to an organization.
Defending Your Supply Chain Against Hackers
As organizations continue to outsource, form partnerships, and share data with third parties, a strong vendor risk management (VRM) program that stays ahead of risks in the information supply chain has to be a top priority. Hackers stole confidential data from tens of millions of Target customers during the height of the holiday shopping season. A server breach at the U.S. Office of Personnel Management compromised the sensitive personal information of about 21.5 million people.
First steps Trump should take on cybersecurity
Despite all the hullabaloo about cybersecurity during the presidential campaign — from the WikiLeaks dumps of hacked emails to the Russia-linked breach of state electoral machinery — there was surprisingly little substantive talk by the candidates about how to stop cyberattacks.
Cyber Insurance Discount Incentives: An Idea Who s Time Has Come
If you own a home, chances are you receive discounts on your homeowners insurance for having smoke detectors or a security system. The same goes for your auto insurance, where you may be getting a break on your monthly premiums for having a safe driver record or parking in a garage rather than on the street. Employers increasingly are using lower health insurance premiums to motivate workers to make good lifestyle choices.
Why Yahoo's breach could turn the SEC into a cybersecurity tiger
The U.S. Securities and Exchange Commission (SEC) has 500 million new reasons to examine the rules on when companies must disclose cyber risks and attacks. That's the number of accounts that Yahoo said were hacked in what's being called the largest data breach ever. The company on Sept. 22 blamed a "state-sponsored actor" for the theft of names, email addresses, telephone numbers, dates of birth and encrypted passwords.
For regulators, cybersecurity must be more than just site visits and questionnaires
Hardly a week goes by without a headline-grabbing cyberattack on a bank, retailer, health insurer, government agency or political campaign. The hacking surge has cast a harsh light on America's cybersecurity preparedness and forced the public and private sectors to respond to a growing and evolving threat.
Ransomware Another Sign Of Security Challenges
A new security trend has emerged in the healthcare sector: ransomware attacks. In recent weeks, three large hospitals have been infected with malware that demands money in order to decrypt sensitive data. Most recently, Kentucky-based Methodist Hospital had malware spread across their entire internal networks. The company resorted to shutting down all of its machines in order to scan each one for infections. As of this writing, they had not paid any ransom.
Harvard University Takes the Research Crown in Thomson Reuters Metrics Mania
Harvard triumphs over a field of 64 schools to knock out Duke in the final matchup for research champion PHILADELPHIA, April 7, 2015 /PRNewswire/ -- The Intellectual Property & Science business of Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today named Harvard University as the champion of Metrics Mania, a unique, annual competition measuring the research impact of American universities participating in the NCAA® college basketball...
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