Security

There’s a lot of fear of possible Russian cyberattacks stemming from Russia’s attempted takeover of Ukraine. Perhaps the biggest worry —and quite possibly the most likely to materialize — is that these cyberattacks will likely be finely tuned as retaliation for US financial moves against the Russian economy. 

The cyberattacks would be designed not to steal money or data per se, but to harm the US economy by strategically hitting major players in key verticals. In other words, the Russian government might say, “You hurt our economy and our people? We’ll do the same to you.”

Thus far, there’s no evidence of any large-scale attack, but one could be launched at any time. 

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One of the most difficult issues in enterprise cybersecurity — something the US Securities and Exchange Commission is now openly struggling with — is when should an enterprise report a data breach?

The easy part is, “how long after the enterprise knows of the breach should it disclose?” Different compliance regimes come to different numbers, but they are relatively close, from GDPR’s 72 hours to the SEC’s initial four days.

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