Cybersecurity – Industry News

Kenney to consider local exemptions to TFW program after provincial complaints – See more at:
Kenney to consider local exemptions to TFW program after provincial complaints – See more at:
Kenney to consider local exemptions to TFW program after provincial complaints – See more at:

Hacking Gets Physical: Utilities At Risk For Cyber Attacks

Kenney to consider local exemptions to TFW program after provincial complaints – See more at:
Employment Minister Jason Kenney said Friday he’s willing to consider “local exemptions” to his recent overhaul of the temporary foreign worker program. Kenney said he’ll consider changes in specific areas with very low levels of unemployment in regions with a higher level. But Kenney made it clear he won’t compromise on the core goal of his controversial overhaul to the program: Making sure employers don’t use it as a cheap source of labour when they could be hiring unemployed Canadians. “I did reiterate that these important changes are designed to ensure that Canadians always come first in our job market and that the temporary foreign worker program is only a last, limited and temporary resort,” Kenney said in Charlottetown after a meeting with provincial labour ministers. Kenney said that after listening to the concerns of the provinces and territories, he is taking the grievances seriously. – See more at:
Imagine this: Your city has been out of electricity for a full day because the power grid is being held ransom by an international group of hackers, demanding money before electricity will be restored. While this might sound like the plot of a dystopian novel, Dr. Larry Ponemon, founder of the Ponemon Institute, says this kind of attack on an electrical grid or water system could be in our future if critical infrastructure sectors don’t improve their security systems. “The worst case scenario is a critical infrastructure attack, and these organizations are ill prepared to deal with it,” Ponemon says. While the media focuses on security breaches in the private sector—especially retail—the vulnerability of critical infrastructure such as energy and utility receives less attention. “With the increased convergence of cyber and physical worlds, attacks are no longer limited to office computers and networks,” says Steve Durbin, Managing Director of Information Security Forum. “They can now have physical impact in the real world.”  [Read More…]  

Cybersecurity now tops boardroom concerns

If data security and privacy aren’t front and center on your radar, they better get there quick. A new study finds that data security is now the number one concern in the corporate boardroom. FTI Consulting has just released its Law in the Boardroom Study, and shared highlights of the study in an email to FierceCIO. Nearly 500 directors and general counsel participated in the study. “Data security topped both directors’ and general counsels’ lists of worries, outranking 2013’s top concern of succession and leadership transition,” FTI Consulting said. “As hackers get better at their exploits, corporate security is failing to keep up, resulting in the main thing keeping directors up at night.” [Read More…]  
Julia Strickland, Leading Californian Litigator, on Getting to the Top in Law – See more at:

Lew urges info-sharing legislation to bolster cybersecurity efforts

t’s a big challenge to represent the top financial institutions in the world. It’s even more challenging when most of these firms are in New York and you are based in Los Angeles. But one remarkable attorney accomplishes this task and succeeds with distinction. Julia Strickland stands at the pinnacle as the class action defense litigator and source for compliance and regulatory advice for the financial industry. No one in California represents as many high-profile financial institutions as her—and no one is more successful in defending those firms in class actions and in dealings with state and federal regulators. Her impressive roster of clients includes American Express, Citibank, JP Morgan Chase, Discover, HSBC, Sallie Mae, PayPal and many others. She manages the Los Angeles office of Stroock & Stroock & Lavan LLP. She has been at Stroock since 1978 and was the first summer associate in the Los Angeles office in 1977. She is a member of the Firm’s Executive Committee. She oversees fifteen attorneys in her Class Action/Financial Services Group. – See more at:
Treasury Secretary Jack Lew said it is important for industry organizations to work with the government to deter cyberthreats, noting SIFMA’s work on behalf of the securities industry. Lew noted that cybersecurity can be particularly difficult for small and medium-sized firms.  [Read More…]  

A Tough Corporate Job Asks One Question: Can You Hack It?

Pity the poor chief information security officer.

The profession barely existed a generation ago. But to combat the growing threat of online breaches, companies and governments are hiring executives whose main responsibility is to make sure data systems are secure. When things go wrong — and they often do — these executives expect to bear the blame.

“We’re like sheep waiting to be slaughtered,” said David Jordan, the chief information security officer for Arlington County in Virginia. “We all know what our fate is when there’s a significant breach. This job is not for the fainthearted.”

Chief information security officers have one of the toughest jobs in the business world: They must stay one step ahead of criminal masterminds in Moscow and military hackers in Shanghai, check off a growing list of compliance boxes and keep close tabs on leaky vendors and reckless employees who upload sensitive data to Dropbox accounts and unlocked iPhones. [Read More…]
Julia Strickland, Leading Californian Litigator, on Getting to the Top in Law – See more at:

Big investors see cybersecurity as opportunity

Cyberattacks on U.S. businesses could be an opportunity for investors as companies spend money to upgrade their infrastructures, big-name money managers said on Wednesday at a conference geared to sharing potential blockbuster ideas.

Even U.S. Treasury Jacob Lew, speaking at the CNBC Institutional Investor Delivering Alpha conference, noted that such attacks are an immediate concern.

“Everyone in this room knows cyber intrusions are not some hypothetical event on the horizon,” Lew said, calling them a threat to economic security.

That, in turn, means more companies will have to upgrade, adapt or otherwise evolve their systems to deal with the problem, investors said. [Read More…]
Julia Strickland, Leading Californian Litigator, on Getting to the Top in Law – See more at:


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