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srufolo1
srufolo1
10/24/2017 10:52:11 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@elizabethv  And you just hope to God that banks and other such institutions stay ahead of the breach rather than work to fix it after the fact, such as what happened with the ATM machines that people were hacking.

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mpouraryan
mpouraryan
10/23/2017 8:55:52 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
...As for "Corruption in Government", be careful what you wish for--we may be in for further disappointment--although I continue to have faith not withstanding the challenging "noise" that we're witness to.

 

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mpouraryan
mpouraryan
10/23/2017 8:54:46 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
Thanks for the note--not "will be"--it is a fact--the data I have seen is about 145 Million People.   How such is mitigated will e the key challenge.

 

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elizabethv
elizabethv
10/23/2017 8:09:51 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
@mpourarayan - I think I heard 50% off the population will be effected by the Equifax breach. But you're exactly right, there's no point spending absurd amounts of money on something if it isn't going to be effective. The thought is great, but where security is concerned, thoughts won't protect you from a breach. Again I lament that it would be nice if the hackers would focus on revealing the corruption in our government and disabling North Korea's nuclear bombs.

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elizabethv
elizabethv
10/23/2017 8:05:25 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
@srufolo1 - I have to agree with that assessment. Banks potentially wouldn't just lose customers, they, more than any other industry would lose their product. And if the loss was great enough, there could potentially be no insurance coverage to protect that loss.

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mpouraryan
mpouraryan
10/23/2017 11:22:38 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
The key is to be vigiliant daily.     Thanks for sharing your predicament which is a lessons to be learnt by us all.

 

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srufolo1
srufolo1
10/23/2017 8:02:03 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@freehe Considering all the sensitive data they need to protect, I can imagine the federal government's security is like Fort Knox. Private companies should take a page from their playbook.

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srufolo1
srufolo1
10/23/2017 8:00:03 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@mpouraryan As have I, at a Bank of America ATM machine of all things and roughly 10 years ago. We were all fairly naive back then, including the bank! When I saw money suctioning out of my account from establishments as far as Canada, panic set in big time. Bank of America handled it like a champ. As it turns out, other ATM machines of theirs were breached, and BofA set on a mission to replace them all to prevent it.

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mpouraryan
mpouraryan
10/22/2017 4:09:15 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
I have been on the receiving end of the breachers--including the big OPM breach.   Although the higher level of spending is indeed a welcome development, the question we have to think about it its' true effectivenes.    

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freehe
freehe
10/21/2017 5:36:11 PM
User Rank
Platinum
Re: Predictions of Security Spending
@clrmoney, I agree. There are risks to purchasing any tool. Hopefully the companies have developed a good implementation plan and risk mitigation strategy to address at least the major risks.

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