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Taking Enterprise Security to the Board

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Anton Jacobsz, managing director at Networks Unlimited

It’s that time of year, again, with many companies busying themselves in the art of budgeting and forecasting for 2018.

 

In some companies, this means the Chief Information Security Officer (CISO) having to communicate the importance of including enterprise security in this planning, using a language that the members of the board will understand.

 

“For some, this will mean being given a short amount of time to make sure a group of non-technical people understand the company’s business risks and believe that your plan to mitigate them is comprehensive, necessary and worthy of investment,” said Anton Jacobsz, managing director at Networks Unlimited.

 

“The keyword here is ‘business’ – we have got to translate our on-the-ground security concerns into business terms, risks and outcomes. We’re all very good at listing statistics but the ability to translate this into business outcomes, which is the language your board understands, is what will win the day.

 

“Your board’s time, attention span and ability to consume ‘geek speak’ is limited, but there are steps you can take to ensure the time you spend with them matters,” Jacobsz explained.

 

Time for a few home truths

Is your exco one of the many that thinks their organisation is not going to be of interest to cyber criminals? If yes, then it may be time to explain clearly that every single organisation, regardless of size or business focus, is likely to  experience a cyber security breach at one point or another. The reason for this is data.

 

If your business processes payments of any kind, for example salaries or online payments, or if you transmit or store records, or if you’re developing a cure for a dread disease like cancer, then you have information that a hacker can sell.

 

Ryan Kearney, Executive Vice President of Product Development and Chief Technology Officer of F5 Networks, advised that telling a compelling story about a security breach, preferably in your industry or locale, will help board members understand the risks here.

 

“Give examples from your own company. Identify critical information assets – intellectual property, sensitive customer data – and paint a picture of what would happen and what it would cost if they were compromised,” he said.

 

Use statistics to convince, not just frighten

There are ways to move the statistics conversation from one that leaves exco with a feeling of dread to one where they truly understanding the real potential impact to the enterprise.

 

F5’s Kearney says the following types of statistics could be used to educate and surprise board members:

 

  • 73 percent of companies suffered at least one security breach in the past year.

 

  • About a third of employees targeted for phishing will open fraudulent e-mails.

 

  • More than one in 10 take the bait – and it only takes one.

 

  • Less than two minutes can elapse from the hacker hitting send to your systems being compromised.

 

  • Hackers are inside your organisation, on average, for at least four months before they’re discovered.

 

  • Web apps are the number one entry point for breaches.

 

“As the C-suite leader in charge of cyber defence, it is up to the CISO to explain the impact of this to the board,” says Jacobsz. “This is the point where you should be talking in terms of tangible and intangible losses, which are sure to resonate with them.”

 

Tangible costs as a result of security breaches include fines as a result of breaks in customer SLAs, revenue losses due to downtime, compliance/audit fines, potential legal fees and incident response costs, which incorporate unplanned costs for hiring third party breach experts.

 

Less immediately obvious damage could include issues like the impact a breach could have on your company’s brand; existing and potential customer perception/loss; the loss of your competitive advantage and even the potential for the board’s personal reputation being affected.

 

Introduce security awareness to the company culture

If you talk of such things around the braai, you might have heard somebody complaining about how their company doesn’t allow Dropbox or Wetransfers – how archaic, right? Wrong, said Jacobsz.

 

“These policies are enforced because someone, somewhere along the lines, opened a mail, clicked on a Dropbox link and downloaded a file from an unknown, untrusted source resulting in a cyber security breach. But this can be avoided. A secure business is one where everyone is educated about threats and does their part to reduce risk.”

 

F5’s Kearney agreed, saying it starts with rigorous and repeated training and continues with individual buy in.

 

Furthermore, as a key participant in creating the company culture at the outset, the board members themselves must also be challenged to champion efforts that have no received budget approval, he said.

 

“You have done your homework and secured funds for some of your efforts but if you have risk areas that need addressing but have no budget allocation, board members need to know this and either accept the risk or champion a solution. There’s no better way to get something accomplished than by saying the board requested it get done.”

 

Discuss incident response and cyber insurance

 

As mentioned earlier, the likelihood of organisations remaining untouched by security breaches is minimal. Being prepared is the best line of defence, and employing the services of a good incident response firm is the first step.

 

The second is considering options in cyber insurance, which is the fastest growing insurance in the world and is projected to grow by 300 percent from $2.5 billion today in annual premiums by 2020. Here, show your work and do the maths for your board – calculate how much your business can absorb and insure the rest.

 

“Use your board-facing time wisely,” said Jacobsz.

 

“Make sure you prioritise and focus on the top cyber risks bringing solutions to the table. Above all, demonstrate your burning issues in small, easy to digest chunks. Do this and you and your boards will soon be singing in harmony and protecting the company at the same time.”

 

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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Western Digital Expands Its Product Range in Nigeria

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Western Digital Corporation, a global leader in data technology, has expanded its portfolio of data storage devices in Nigeria. The expansion will allow consumers to access a wide range of WD®- and SanDisk®-brand products while positioning Western Digital as a premier data technology company for Nigerians.

As part of the expansion, Western Digital has introduced products catered to mobile storage solutions, which includes the iXpand™ flash drive, SanDisk Ultra™ Dual Drive m3.0, microSD™ and SD™ cards (SanDisk Extreme™ and SanDisk Extreme PRO™); in addition to SanDisk external SSDs; WD internal SSDs, and a range of internal and external hard drives, while offering after-sales support for consumers across Nigeria.

Speaking on the expansion, Ghassan Azzi, Senior Sales Manager for Africa Western Digital said, “At Western Digital we offer high-performance, high-capacity and high-quality storage solutions to fit the increasingly digital lifestyles of consumers. More and more Nigerians are capturing moments and creating and sharing memories with their smartphones, high-resolution cameras, drones and action cams. We want everyone to know that Western Digital and its consumer brands have the right storage solutions for their needs.”

SanDisk Mobile Storage Solutions

iXpand – The iXpand flash drive is ideal for the iPhone or iPad that enables you to free up space, back up your camera roll and even watch videos straight from the drive.1 The iXpand flash drives are equipped with a Lightning connector and a USB 3.0 connector so users can move files between iPhone, iPad, and Mac or PC computers. Users can also set the iXpand mobile app to automatically back up their iPhone or iPad camera roll anytime the product is connected.2 It comes in 32|64|128|256 GB capacities.*

Dual Drive – The SanDisk Ultra Dual Drive m3.0 is for Android™ devices and enables the movement of content from your OTG-enabled Android smartphones to your computer.3 Quickly free up space on your Android smartphone or tablet so you can take more pictures and videos. It comes in 16 |32|64|128|256 GB capacities.*

400GB* micro SD card – The SanDisk Ultra microSDXC UHS-I card is perfect for recording and watching Full HD video, with room for hours of video.4 Ideal for Android based smartphones and tablets, this card’s A1 rating means that you can load apps faster too.

This card racks up transfer speeds of 100MB/s and can move 1,200 photos per minute.5 It meets the A1 App Performance Class specification which allows it to load apps faster. With a breakthrough capacity of up to 400GB, you can store even more hours of Full HD video on the card without worrying about running out of room for the videos, photos, music, movies and other files you want to shoot, save and share.4

SanDisk external SSDs

SanDisk Extreme Portable SSD – This ruggedized portable SSD delivers high-speed transfers of up to 550MB/s** making it perfect for saving and editing hi-res photos and videos. With an IP556 rating and a solid state core, it also stands up to rain, spills, dust and drops. It comes in 250 GB, 500 GB, 1 TB and 2 TB capacities.*

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Jumia Launches Africa Hospitality Report 2018/19

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The 2nd edition of Jumia’s Africa Hospitality Report looks at the 2017/2018 trends in the continent’s tourism, travel, hospitality and aviation industries.

It sheds light on the impressive growth that Africa’s travel and tourism industry has recorded through in 2017 and 2018 with an increase in international arrivals.

The Jumia Hospitality Report further underlines the industries’ contribution to the economy, underlying challenges and the potential for future growth, as African tourism becomes of age.

“The African market for online travel is still nascent with undoubted prospects.

“We are proud to once again produce a comprehensive report that highlights the diverse aspects of both the hospitality and aviation industries in Africa.

“This has been made a success by the input of our partners,” remarks Joe Falter, CEO of Jumia Travel & Food.

According to the report, “the continent receives only 5% of all the international arrivals, Africa’s travel and tourism industry continues to record impressive growth over the years.

‘In 2017, the continent hit a 63 million high in international tourist arrivals as compared to 58m in 2016 (+ 9% vs 2016).

“As a result of affordability and ease of travel, domestic travel is growing in Africa, recording a high of 60% in local spending as compared to 40% in international spending.

The UNWTO’s Secretary General Zurab Pololikashvili explains the change in domestic travel landscape in Africa, noting that “people’s movement is no longer a luxury set aside for the few with high per capita income but a basic need for the ever-increasing majority of the middle class who create and shape the future generation entrepreneurs.

A growing middle class is a sign of a robust economy. The existence of domestic tourists who have more money to spend at their disposal and thus willing to travel more has led to the mushrooming of low-cost airlines, upward growth of bed capacity in main cities, flourishing of the so-called shared economy etc”.

The AU e-Passport and the creation of visa upon arrival, e-visa and visa-free travel for African citizens in line with the concept of unrestricted movement of persons, goods and services across the countries remains a strong driving factor to the growth of domestic travel.

Africans now do not require a visa to travel to 25% of other African countries, can get visas on arrival in 24% of other African countries, while still a dominant 51% of African countries need Africans to have visas to travel.

The report also breaks down the percentages of the various sources of traffic on Jumia.

The high record in the mobile as a source of traffic is perhaps as a result of the increasing adoption of smartphones in Africa, which stands at 34% in 2018. 61% of the travellers are using a smartphone to book their hotel or flight on Jumia Travel.

The African traveller still opts to Pay-at-Hotel as the mode of payment (65%) in 2018, even as the trust for Credit & Debit Card increases to 21% from 15% in 2017.

Africa’s air passenger traffic share is only 2.2% of the world total with 88.5 million passengers in 2017, an increase of 6.6% from 2016.

It is expected to grow by 4.9% annually over the next 20 years, creating enormous opportunities for the continent’s airlines to grow.

Addressing how to competitively position Africa’s airlines in the global aviation market, IATA’s Special Envoy to Africa on Aeropolitical Affairs Raphael Kuuchi stipulates that “the sustainable growth of African airlines traffic lies in removing the bottlenecks to effective connectivity, lowering industry operating cost and developing commercial cooperation among airlines.

With the assurance of safety, security, competitive operating environment, ease of market access and visa facilitation, Africa’s share of passenger traffic will exceed 320 million by 2037,” he concludes.

 

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Publiseer to Deliver Digital Content to Over 3,000 Libraries with cloudLibrary

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Publiseer, Nigeria’s digital content distribution company, has been working hard on developing new features and partnerships based on the feedback it received so far this year.

 

In the spirit of the holidays, today, Publiseer announces that it will now deliver digital content to over 3,000 book libraries around the world, including the US, the UK, Canada, and Australia, thanks to cloudLibrary, a lending platform by Bibliotheca.

 

Bibliotheca has been a highly requested distribution channel from most of Publiseer’s authors, so Publiseer is really excited about this expansion of its distribution channel.

 

Two months ago, Publiseer announced that it will be taking its library distribution even deeper with its addition of Baker & Taylor as part of its library distribution service. Now, the distribution goes even deeper with the addition of cloudLibrary.

 

These new libraries to be added to Publiseer’s distribution channel have hundreds of thousands of eBooks and very engaged readers, and so this is an exciting opportunity for expanding the readership of its authors.

 

All books published by Publiseer will be automatically be distributed to cloudLibrary after December 20, 2018.

 

“The upcoming holidays might delay the regular distribution process. However, we’re working harder to expedite the distribution process”, said Chidi Nwaogu, Publiseer’s chief executive officer, who was recently invited to The Future Leaders Forum 2018 by The Future Awards Africa in partnership with the University of Sussex.

 

The cloudLibrary platform offers royalties based on their standard library model and “Pay Per Use” (PPU) option.

 

With the standard library model, the library purchases a single copy of an author’s book to lend out.

 

As a book is purchased for lending Publiseer provides a higher library price, which is three times higher than the original list price of the book at other bookstores like Amazon. Of course, the royalty of the author will be paid out after this higher price.

 

With the PPU option, a check-out of an author’s book by a patron triggers a sale. The price of a check-out is 30% of the book’s original list price.

 

For Publiseer’s authors who use the Premium Distribution Option, they get to keep all the royalties they earn from Bibliotheca.

 

Publiseer is a digital publisher that lets writers and musicians from low-income communities in Africa publish, promote, protect, and monetize their digital contents across hundreds of partner stores worldwide, at no charge, with just a single click.

 

Publiseer has been described by Konbini as “one of the largest digital publishers in Africa”.

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