PRIVACY STUDY: GDPR readiness appears to help avoid cyber intrusions!

Cisco issued a Study that “GDPR-ready organizations have also experienced fewer data breaches, and when breaches have occurred, fewer records were impacted, and system downtime was shorter. As a result, the total cost of data breaches was less than what organizations not ready for GDPR experienced.” The January 2019 “Data Privacy Benchmark Study” is part of the Cisco Cybersecurity Series 2019 which pointed out the importance of data privacy:

Data privacy has become a board-level issue for many organizations, and customers are making sure their vendors and business partners have adequate answers to their privacy concerns before doing business together.

The Study included these details about the privacy professionals who participated:

….a double-blind survey completed by more than 3200 security professionals in 18 countries and across all major industries and geographic regions.

Many of the privacy specific questions were addressed to more than 2900 respondents who were familiar with the privacy processes at their organizations.

Participants were asked about their readiness for GDPR, any delays in the sales cycle due to customer data privacy concerns, losses from data breaches, and their current practices related to maximizing the value of their data.

Please take the time to review this important Privacy Study from Cisco.

Refurbished 10 Commandments of IT Contracts

I was honored to speak at the Advanced Practices Council of the Society for Information Management on January 15, 2018 about my 10 Commandments of IT Contracts which I updated from my 2009 blog on the same topic since I have been speaking on this topic forever.  Here are my latest 10 Commandments:

1st Commandment – No IT Project is ever completed on time

2nd Commandment – No IT Project is ever complete

3rd Commandment – You can never plan too much for system implementations

4th Commandment – Not all Cloud Solutions work

5th Commandment – Verify your Terms of Service, Click Agreements, & Privacy Policies

6th Commandment – No one is truly ready for the next Cyber Intrusion

7th Commandment – There are no Industry Standards

8th Commandment – Do not create artificial deadlines to sign IT contracts

9th Commandment – Sales people have answers to every question

10th Commandment – Individuals who negotiate contracts are never around later

After posting a blog on the 10 Commandment in 2009 some clients proposed #11 and #12:

11th Commandment – Any IT project large enough to have its own acronym name (Moonshine, Sahara, Liberty, or the like) will fail.

12th Commandment– Before every IT project, select a scapegoat and do not invite that person to meetings.

I welcome your thoughts on the 10+ Commandments!

Cyberrealm defense – McKinsey gives advice about how to thwart cyberattacks!

McKinsey released a Podcast interview of three McKinsey Cybersecurity experts who said among other things “I think the key insight of the last ten years has been that you can’t do cybersecurity in secret. You can’t do it behind a wall in the intelligence agencies. For the obvious reason that the attacks are out there in open source in the economy, on the internet. It’s all visible. Well, most of it visible.” The January 2019 podcast entitled “Defense of the cyberrealm: How organizations can thwart cyberattacks” included this response by cyber expert Robert Hannigan about whether we are “winning?”:

No, I think we are making progress, but I think it would be very rash to say we’re winning. If you look at the two big trends, the rise in volume of attacks and the rise in sophistication, they are both alarming. On volume, particularly of crime, there were something like 317 million new pieces of malicious code, or malware, [in 2016]. That’s nearly a million a day, so that’s pretty alarming.

On the sophistication, we’ve seen, particularly, states behaving in an aggressive way and using very sophisticated state capabilities and that bleeding into sophisticated criminal groups. It’s a rise in the sheer tradecraft of attacks. So no, I don’t think we’re winning, but I think we’re doing the right things to win in the future.

I would encourage everyone to read the article or listen to the podcast.

Does this make sense to you? AI in the insurance industry??

Businessinsurance.com reported that “Artificial intelligence and other technologies hold great promise for the insurance industry but are not without issues, such as adoption and security…”  The January 17, 2019 article entitled “AI holds promise for insurance industry, but with caveats” is based on a “panel of insurance and technology industry executives speaking at the Insurance Information Institute’s Joint Industry Forum in New York” who opined:

There are two areas that the customer is thinking about,… data and the algorithms that use the data.

They [customers] seem willing to share data,… but become more skeptical when considering the algorithms, concerned about “the fairness and acceptability of using computers to make decisions.”

I think what’s important is, as we develop AI systems, we develop them in a way that lends itself to fair outcomes

Stay tuned to see how AI works out for the insurance industry.

WOW!! Cows are being milked by robots!

The New Times reported that “About 150 Jersey cows in the rolling terrain at Rivendale Farms in Bulger, some 25 miles west of Pittsburgh, wear Fitbit-like collars that monitor their movement, eating and rumination patterns. They are milked not by humans but by robotic machines.”  The January 13, 2019 story entitled “Robotic Milkers and an Automated Greenhouse: Inside a High-Tech Small Farm” included these details:

Farming in America is increasingly a high-tech endeavor. Combines guided by GPS, drones, satellite imagery, soil sensors and supercomputers all help the nation’s food production. Yet that technology is mainly tailored for big industrial farms, where fields stretch as far as the eye can see.

Technology for giant farms is all about increasing yields and cutting costs. For smaller farms, too, efficiency is paramount. But technology can also eliminate a lot of tedious, routine labor — a lifestyle payoff that can help persuade a younger generation to stay put on family farms rather than sell out.

If you’ve ever spent time on a farm you would really appreciate this news!