Cyber Round Up: House Committee Works on Public-Private Relationships; Cyber in 2025; Putting a Price on “Cyber Hurricane”;
- Cybersecurity: House Committee Looks to Build on Public-Private Partnerships (RAPS): Many proposed plans or recommendations for addressing the myriad of cyber security challenges today involve some emphasis on establishing relationships between the public and private sector. According to one report earlier this week, the House Energy & Commerce Committee held a hearing to explore how to build these relationships. Specifically, the committee was looking at the healthcare industry, where cyber concerns have become a popular issue. The full recap of the hearing can be found here.
Cybersecurity in 2025: the skills we’ll need to tackle threats of the future (Wired): Cyber security has most of its challenges in the present, but it’s worth looking ahead to what the future holds as well. An article earlier this week addressed certain skills that should be added to the cyber repertoire if they haven’t been already. The list proposed by the article includes ethical hacking, artificial intelligence, and Internet of Things security skills. The explanation of why these three are some of the most important moving forward can be found here.
- Insurers Scramble to Put a Price on a Cyber Catastrophe (MIT Technology Review): While the cyber insurance industry is growing rapidly, insurers are still struggling to put a price tag on cyber incidents, a recent article says. Cyber insurance was a $2.75 billion industry in 2015, and one estimate has it growing to as large as $7.5 billion in 2020. Some have begun to view cyber security as a business risk rather than as an IT problem, the article suggests. This means recognizing that cyber challenges are complex and there is no one clear solution, and instead is better handled by just mitigating the risks involved. Given that there hasn’t been a “cyber hurricane,” which is the analogy the article draws, and that we’re not exactly sure what that will look like, insurers do not know how to value that coverage. The full article can be read here.