The Cost of Cybercrime - Let’s Take a Different Perspective Cybercrime is reported as a $450B drag on the economy; the absolute number sounds big The question to ask: “How big is the global economy?” Turns out that this is only 0.57% of the global economy, in 2014 (nominal) By way of contrast - how many minutes are in a day? What is 0.57% of your day? What it means - we’re doing a good job. Fraud is low. Cybercrime might be on the rise, but for now, it’s at low relative percentages Does it mean we don’t matter? No. Don’t be silly. Our efforts are why the numbers are low Keep up the good work http://www.en.netralnews.com/news/business/read/1249/cybercrime.costs.the.global.economy..450.billion https://en.wikipedia.org/wiki/Gross_world_product Home Depot to Pay Banks $25 Million in Data Breach Settlement New settlement with banks http://fortune.com/2017/03/09/home-depot-data-breach-banks/http://www.cnbc.com/2017/02/21/home-depot-earnings-q4-2016.html → has autoplay with the same video Survey: Experience Preferred Over Education When Hiring For Cybersecurity The survey of 350 IT security professionals gauged their attitudes toward the skills shortage in cybersecurity. Some 93 percent agreed that experience is more important than qualifications. A further 73 percent claimed that it didn't matter whether IT staff were college graduates when it came to getting the job done. Qualifications are considered degrees and certifications The rub -- and what they didn’t ask -- is how do you assess the experience and capability of professionals to solve the sorts of problems you have? Straight Talk on hiring… check it out. Split results on whether communication or technical skill was more important; hint - it’s communication. You can be the smartest one in the room, but if no one understands you… But it’s also awkward to suggest that you can’t have both good technical and good communication skills. You can. Period. http://www.channelpartnersonline.com/news/2017/03/survey-experience-preferred-over-education-when-h.aspx How Risk Modeling Propels the Cyber Insurance Market Forward Blend: security, risk, and insurance… and use threat modeling? Excellent. Claims that we struggle to calculate and manage risk from cyber incidents; maybe. Some loose assumptions here on the nature of insurance… but it’s a step forward http://www.propertycasualty360.com/2017/03/16/how-risk-modeling-propels-the-cyber-insurance-mark   !! Michael is putting together a series on Cyber Insurance; it starts with a brief survey - 5 multiple choice and 3 open-ended questions. Please take 3-5 minutes to share your experiences, insights, and questions!! http://www.csoonline.com/article/3182697/leadership-management/got-cyber-insurance-share-your-thoughts-to-lead-security-change.html Survey link: https://securitycatalyst.typeform.com/to/VKsoDB