News in Brief

Insider threats and data localization

Insiders are an expensive cyber threat for businesses

According to recent research by the FBI and the Department of Homeland Security, disgruntled or former employees pose a "significant cyber threat" to U.S. businesses because of their unique abilities to get unauthorized access to sensitive information on corporate networks.

A statement posted on the FBI's Internet Crime Complaint Center on Sept. 23 said a review of recent cyber investigations showed that businesses incur significant costs ranging from $5,000 to $3 million because of cyber incidents involving disgruntled or former employees. IC3 is a partnership between the FBI and the National White Collar Crime Center.

Businesses included various factors in their cost estimates, including the value of stolen data, IT services, the establishment of network countermeasures, legal fees, loss of revenue and customers, and the purchase of credit-monitoring services for employees and customers affected by a data breach.

Data localization poses security risks, Google's Salgado says

Google's director of information security and law enforcement outlined the negative aspects of data localization proposals by foreign countries, Roll Call's "Technocrat" blog reported.

"After we saw some revelations about some of the [National Security Agency] programs, we saw other jurisdictions concerned about what they perceived as expansive surveillance authority by the U.S. government kind of hunker down…[and] try to figure out how can we protect ourselves and our users from NSA [and] from U.S. government surveillance," Google's Richard Salgado said during a panel discussion at the Brookings Institution on Sept. 25.

Data localization -- or requiring companies to have data centers in their home jurisdictions -- would impose "artificial rules" on how networks are designed and would result in "tremendous inefficiencies," Salgado said.

About the Author

Connect with the FCW staff on Twitter @FCWnow.

Featured

  • Cybersecurity
    CISA chief Chris Krebs disusses the future of the agency at Auburn University Aug. 22 2019

    Shared services and the future of CISA

    Chris Krebs, the head of the Cybersecurity and Infrastructure Security Agency at DHS, said that many federal agencies will be outsourcing cyber to a shared service provider in the future.

  • Telecom
    GSA Headquarters (Photo by Rena Schild/Shutterstock)

    GSA softens line on looming EIS due date

    Think of the September deadline for agencies to award contracts under the General Services Administration's $50-billion telecommunications contract as a "yellow light," said GSA's telecom services director.

  • Defense
    Shutterstock photo id 669226093 By Gorodenkoff

    IC looks to stand up a new enterprise IT program office

    The intelligence community wants to stand up a new program executive office to help develop new IT capabilities.

Stay Connected

FCW INSIDER

Sign up for our newsletter.

I agree to this site's Privacy Policy.