Posts Tagged: "Cybersecurity"

Privacy and Data Security Due Diligence: Best Practices for Avoiding Bumps Down the Road

Privacy and data security issues can scuttle a deal or at least cost the parties a lot of money. For example, in the due diligence process involving the 2017 acquisition of Yahoo by Verizon, Yahoo disclosed two serious data breaches that compromised over a billion accounts. Yahoo had previously attempted to cover this up. The deal went ahead for nearly $4.5 billion but not before Verizon knocked $350 million off the transaction price and Yahoo paid over $100 million to settle SEC fraud charges and class action lawsuits.

Twitch Data Breach is Another Example of Why Cybersecurity is a Must for all Businesses

Just as we thought Facebook’s six-hour outage could be the biggest cybersecurity news in October, hackers were able to expose more than 100GB of data from Twitch. The livestreaming platform – purchased by Amazon for $970m in 2014 – is understood to still be trying to figure out how it happened. While this investigation unfolds, security experts are already warning of the potentially serious consequences for the business.

How Organizations Must Protect Themselves from Ransomware Attacks

When one thinks of cybercrime, it can be easy to imagine a mysterious figure in a dimly lit room sending out various phishing emails to unsuspecting victims. However, this is not always the most dangerous tactic used by hackers, according to the United Kingdom (UK) Government Communications Headquarters’ (GCHQ’s) cybersecurity arm. On June 14, the UK National Cyber Security Centre claimed that ransomware represented the biggest threat to online security for most people and businesses, with the number of incidents soaring worldwide in the last two years. And it is a problem and a threat that we must all be wary of.

The Great Digital Healthcare Reset

While the COVID-19 pandemic has changed every aspect of our lives, digital transformation in healthcare has accelerated above others. The pandemic has changed the healthcare delivery paradigm from human to digital platforms faster than Klaus Schwab could have imagined. In 2016, the World Economic Forum chairman coined the phrase “Fourth Industrial Revolution,” envisioning the combination of fourth industrial-era technologies in hardware, software, and biology, or cyber-physical systems. These new technologies, leveraging advances in communication, connectivity, and computing power, would usher in a more efficient way to live, work, and socialize. Who knew how the horrific circumstances triggered by a global pandemic could accelerate an evolution that might have taken 20 years and condensed into a single year. Healthcare has gone digital, and there is no going back now.

Computing on the Edge of a Pandemic: Rethinking Legal and Compliance Functions in a Rapidly Evolving Network Technology Architecture

On the heels of a global pandemic where safety requires that we socially distance and work from anywhere, demand is exploding for innovation to adapt to this new way of living. Our new environment will require more and more computing power to migrate to the edge of the network. Computing power housed in data centers and cloud environments is moving closer to end-users and devices in edge computing centers. Eventually, fueled by ubiquitous 5G+ connectivity bandwidths, one can foresee the migration of computing power to the very edge of your interconnected devices. Technology is racing forward to meet the challenges and exploit new opportunities. Ethical questions will need to be answered to regulate through the evolving network technology architecture. Corporate legal functions will need to adapt and partner with product managers to ensure compliance.