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New privacy initiative, headed by ADT, to establish home security standards, best practices

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Tuesday, January 29, 2019

Yesterday in the United States, Data Privacy Day 2019 was celebrated. On social media, tweets flew by offering tips on how to protect data against hackers. Security professionals and enthusiasts on LinkedIn discussed the topic at hand while top privacy leaders, such as the National Cyber Security Alliance Executive Director, Kelvin Coleman; Eva Velasquez, president and CEO, Identity Theft Resource Center; and CEO Larry Magid of Connect Safely, among others, convened in San Francisco for an afternoon of focused discussion about opportunities and challenges for data security moving forward. 

Yes, yesterday was quite the day for data security. However, we must recognize that securing data is a 24/7, 365 day a week operation. Google “data security breach” and incident after incident will pop up … for me, it was about 117 million in .75 seconds. Recently, Ring was outed by major news outlets for Ukraine engineers and executives at Ring having “highly privileged access” to live customer camera feeds — both doorbell cameras and in-home cameras — around the world, while a NEST camera was hijacked with a voice warning a California family that three missiles from North Korea were headed to the U.S., which, of course, was not true, but I can imagine sent the family into sheer panic. 

With breaches such as these, among the millions of other data breaches and exposed records in the United States alone, ADT in partnership with SIA, The Monitoring Association, Electronic Security Association, the Internet Society’s Online Trust Alliance and TrustArc are creating a new consumer privacy initiative.

“Alongside industry organizations and partners, we will be outlining privacy and ethics priorities for the industry, creating an external and internal advisory board, and updating our promise to customers: ‘At ADT we are dedicated to your safety, and helping take care of what you value and cherish most in your life: your loved ones, your property and your privacy,” ADT’s CEO, Jim DeVries, said in an internal company memo that went out to all 19,000 ADT employees and to SSN, exclusively. 

In the coming months, the initiative is focused on the following key objectives, the press release said. 

  • Adopting a set of industry-wide best practices that are customer-centric and drive transparency. 
  • Working with dealers, partners and other industry organizations on enhanced privacy and ethical standards for our industry. 
  • Programs focused on privacy, ethics and transparency. 

ADT is also soliciting participation from other organizations who are interested in helping to drive the objectives. 

So, how do you think this initiative will help with data security? 

Let’s discuss!

 

TechSec Solutions to feature Security Industry Mega Panel

Leaders from ASIS, ESA, PSA and SIA to come together on one session
 - 
12/17/2018

YARMOUTH, Maine—Security Systems News is excited to announce its TechSec Solutions conference, Feb. 25-26, 2019, in Delray Beach, Fla., will include a Security Industry Mega Panel featuring leaders from the industry’s top associations and organizations, who will come together to give their perspective on, and vision for the future of security.

SIA opens submissions for ISC West New Product Showcase Awards

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12/12/2018

SILVER SPRING, Md.—Submissions are now open for the Security Industry Association's (SIA's) New Product Showcase (NPS) Awards at ISC West 2019.

ISC East 2018 exceeds expectations

Attendance up 23 percent as conference continues its resurgence
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12/12/2018

NEW YORK—ISC East, in collaboration with premier sponsor the Security Industry Association (SIA), reported strong growth results at the conclusion of this year’s industry event, held in New York City this past November.

SIA reveals Securing New Ground 2019 details

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12/05/2018

SILVER SPRING, Md.—The Security Industry Association recently announced that next year’s Securing New Ground conference will be held Oct. 29 to 30, 2019, at the Grand Hyatt New York in New York City.

SSN News Poll: Readers weigh in on cyber trends

60 percent of respondents see end users budgeting more for cyber
 - 
11/20/2018

YARMOUTH, Maine—The Security Industry Association recently released a benchmarking study that outlined potential cyber risks and the emerging technologies that could help protect systems. Security Systems News’ readers shared some of their opinions on end user attitudes and rising threats that were outlined in the report.

FAA bill to impact security industry

Bill sets policies for not just drones but security technology as well
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10/24/2018

WASHINGTON, D.C.—President Trump signed into law on Oct. 5, H.R. 302, the FAA Reauthorization Act of 2018, a bill that provides a roadmap for FAA-related policies, programs and procedures that will impact the security industry in a number of ways, from the use of counter-drone measures to the expanded use of CCTV and biometric technology within airports.

SIA identifies security megatrends for 2019

 - 
Wednesday, October 24, 2018

The Security Industry Association (SIA) has identified and announced the 2019 Security Megatrends—the foundation of SIA’s signature yearly report defining the major trends and forces at play in the global security industry.

Forecasting of 2019’s top 10 Security Megatrends was based on survey data generated in September and October 2018 from top security industry business leaders, association leadership and key volunteers and speakers for Securing New Ground (SNG), the security industry’s executive conference, which is being held this week, Oct. 25-26, in New York City.

These trends—the top factors influencing both short- and long-term change in the global security industry—are expected to have sweeping impact on almost all businesses within the industry.

Cybersecurity was identified in the 2019 report as the standout trend shaping the security industry. By nearly 30 percentage points, industry leaders said cybersecurity’s impact on physical security solutions was the most impactful trend they were expecting to face in 2019. A resounding number of respondents also called for artificial intelligence (AI) to be recognized as a megatrend, noting that AI is becoming vital to supporting the heightened volume of data produced by modern security solutions.

Other new Security Megatrends emerging for 2019 include workforce development, the emphasis on data privacy, advancements in digital identity and the integration of security into smart environments like smart buildings and smart cities.

The 2019 Security Megatrends are:
•    Cybersecurity Impact on Physical Security
•    Internet of Things (IoT) and the Big Data Effect
•    Cloud Computing
•    Workforce Development
•    AI
•    Emphasis on Data Privacy
•    Move to Service Models
•    Security Integrated in Smart Environments
•    Advanced Digital Identities
•    Impact of Consumer Electronics Companies

“Today, modern physical security solutions are comprised of IoT devices and sensors that generate high volumes of security data. Applying analytics and artificial intelligence systems makes this data more actionable and increases responsiveness for security systems users,” SIA chairman of the board Scott Schafer said in the announcement. “Cybersecurity continues to be at the top of the list of the most important trends identified by security industry manufacturers, systems integrators, security practitioners, architects and engineers, and SIA will continue to address this trend over the next year and in the foreseeable future.”

In addition to defining the latest Security Megatrends, the forecast for 2019 also identifies other forces at play in the security industry that may have a noticeable impact on some or all businesses, and the research identifies three potential areas of business disruption the security industry may face in 2019.

The official 2019 Security Megatrends report will be published in late November 2018 and available online for download and/or purchase. The 2018 Security Megatrends report is currently available to all members and non-members.

Each year at SNG, senior-level industry leaders and financial partners gather, trends are spotted, connections are formed and minds are opened. In addition to highlighting these Security Megatrends, SNG 2018 will feature keynote remarks by Jerome Pickett, senior vice president and chief security officer at the National Basketball Association, and Valerie Thomas, executive information security consultant at Securicon, and panel discussions on topics like the shift from smart cities to conscious cities, harnessing cyber-physical security technologies and how the changing residential security market is staying nimble.
 

Cybersecurity benchmarking study released

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Wednesday, October 17, 2018

A new benchmarking study of the cybersecurity practices and initiatives of global organizations provides insight into the cyber landscape today and moving forward over the next few years. The study, called The Cybersecurity Imperitive, was produced in partnership with ESI ThoughtLab and WSJ Pro Cybersecurity and is sponsored by Security Industry Association (SIA) and several other partners.

“As validated by SIA’s just-released 2019 Security Megatrends—highlighting the top factors influencing both short- and long-term change in the global security industry—security companies see cybersecurity as the dominant trend shaping the industry,” SIA CEO Don Erickson said in an email announcing the study. “Having these clear benchmarks around cybersecurity not only facilitates the advancement of cybersecurity within your own organizations, but it also allows firms like yours to deliver appropriate solutions to your customers.”

One key finding in the study is that digital transformation is exposing companies to higher and more costly cyber risks. For example, those whose cybersecurity practices do not keep pace with their digital transformation initiatives are more likely to see $1 million or more in losses from cyberattacks. The research showed that cyber risks rise dramatically as companies embrace new technologies, adopt open platforms and tap ecosystems of partners and suppliers.

“Companies need to make sure that their cybersecurity programs keep pace with their digital transformation effort,” Lou Celi, CEO of ESI ThoughtLab and director of the study, said in the announcement. “Cybersecurity should not be an afterthought. It needs to be integrated into the fabric of an organization’s growth strategy.”

According to the study, there will be an increase in cyber-threat vectors by 2020, including:
•    Attacks through partners, customers and vendors (247% growth)
•    Supply chains (+146%)
•    Denial of service (+144%)
•    Apps (+85%)
•    Embedded systems (84%)

Surveyed companies see high risks from external threat actors, such as unsophisticated hackers (cited by 59% of firms), cybercriminals (57%) and social engineers (44%), but the greatest threat lies with untrained general staff (87%). Another 57 percent of firms see data sharing with partners and vendors as their main IT vulnerability. Nonetheless, only 17 percent of companies have made significant progress in training staff and partners on cybersecurity awareness.

The study also cites the leading cyber-threat vectors in 2018, which are:
•    Malware (81%)
•    Phishing (64%)
•    Ransomware (63%)
•    Viruses (62%)
•    Attacks from Apps (62%)

Another key finding is companies are boosting their cybersecurity investments. To cope with rising cyber risks, surveyed companies are increasing their cybersecurity investment by 7 percent this year and 14 percent next year. The biggest upsurge will come from platform companies, which are hiking their spending 59 percent this year and 64 percent next year. On average, companies with revenue between $250 million and $1 billion will spend $2.9 million next year; $1-5 billion ($5.7 million); $5-20 billion ($10.7 million); and $20 billion+ ($16.8 million).

According to the study, companies now use a variety of technologies to improve cybersecurity, such as multi-factor authentication (90%), blockchain (68%), Internet of Things (62%) and artificial intelligence (AI) (44%).

Security Systems News’ Class of 2017 “20 under 40” winner Ryan Fritts, CISO, ADT, said, "We are using AI in our access and entitlement management to analyze the behaviors of end-users and determine whether or not their behaviors are risky."

Over the next two years, studied firms indicated they plan to greatly expand the use of the following technology solutions:
•    Behavioral analytics (+1,735%)
•    Smart grid technologies (+831%)
•    Deception technology (+684%)
•    Hardware security and resilience (+114%)

The study also found that as corporate cybersecurity systems mature, the probability of costly cyberattacks declines. Cybersecurity beginners have a 21.1-percent probability of cyberattacks generating over $1 million in losses versus 16.1 percent for intermediates and 15.6 percent for leaders.

"Security is a holistic discipline. You need to manage both physical and cyber risks,” Joseph Gittens, SIA director of standards, and Cybersecurity Imperative study advisor, said in a prepared statement. “You could have the best physical security ever—guards, gates, guns and surveillance—but if someone can access your network from the comfort of their living room, it's not doing anything. The reverse is true as well. You could have a ton of cybersecurity but fail to lock down your physical space."
 

Larry Folsom recognized with SIA award

Folsom to receive Jay Hauhn Excellence in Partnerships Award
 - 
10/17/2018

SILVER SPRING, Md.—SIA recently named Larry Folsom as this year’s recipient of the Jay Hauhn Excellence in Partnerships Award, which recognizes security professionals who foster collaboration in the industry. The award will be presented at the SIA Honors Night on Nov. 14 in New York City.

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