HALOCK News

At RSA Conference 2021, panelists debate the meaning of a very important word that may very well have an impact in data breach litigation

The Duty of Care Risk Analysis Standard (DoCRA) provides principles and practices for evaluating risk. It considers all parties that could be affected by those risks. DoCRA evaluates safeguards if they are appropriate in protecting others from harm while presenting a reasonable burden by defining what is reasonable risk. It helps establish reasonable security based on an organisation’s specific mission, objective, and obligations. Quite apart from the legal and moral imperative, there is a good business case for reasonable security measures.

The Sedona Conference Working Group 11 (WG11) has provided the definition for reasonable security. In February 2021, The Sedona Conference released its Commentary on a Reasonable Security Test to help the regulatory and litigation communities “move the law forward in a reasoned and just way.” We now have a test for reasonable security practices that brings together the traditions of regulators, litigators, and information security communities to balance burdens of safeguards against the risk of harm to ourselves and others.

CIS RAM is an interesting method at many levels. It conforms and supplements standards like ISO 27005, NIST Special Publications 800–30, or RISK IT. It also bridges two different risk analysis methods: the well known method found is U.S. regulations and InfoSec standards: Risk = impact + likelyhood, and the less known “Calculus of Negligence” or “Learned Hand Rule” and as such incorporates principles and practices from Duty of Care Risk Analysis.

TECHOPEDIA – Industry experts discuss cybersecurity predictions for 2021.These are what they identified as likely issues facing enterprises and the IT professionals that must protect them. Measuring Reasonable Security (Duty of Care), Ransomware, Cybersecurity Training & Awareness, Email Vulnerability, Endpoint Protection. Featuring Chris Cronin, Erik Leach, Steve Lawn, Glenn Stout.
   

A working group of the Sedona Conference has proposed a solid answer to these questions. By its own description, the Sedona Conference is a nonpartisan, nonprofit research and educational institute dedicated to the advanced study of specific law and policy, including privacy and data security law. The Conference has just published a set of commentary on a reasonable security test. The paper is worth reading.   

Spirion, a data protection and compliance company based in St. Petersburg, Fla., launched its Global Alliance Partner Program, for data security which spans software developers, technology providers, systems integrators and solution providers. Partners will “extend the functionality” of Spirion’s Data Privacy Management Framework, according to the company. Solution provider members of the program include GuidePoint Security and HALOCK Security Labs, while technology partners include ContextSpace, Seclore and Tonic.    

Establishes technology and solution provider partner ecosystem committed to strengthening personal data protection through best-in-class solutions. “Our collaboration with Spirion is one of HALOCK’s most strategic partnerships designed to address some of the most complex challenges related to data protection in large enterprise environments,” said Terry Kurzynski, HALOCK Security Labs Founding Partner. “Our alliance with Spirion extends our reach into understanding, controlling, and protecting what’s most important to our clients, their sensitive data.”    

Based on the Duty of Care Risk Analysis (DOCRA) that many regulatory bodies rely on to ensure that organizations are delivering reasonable risk management practices to protect their customers and vendors, the CIS RAM aligns with the CIS Controls specifically and uses a simplified risk statement to benchmark the level of risk associated and determine a viable safeguard to mitigate risk.   

The Federal Trade Commission is seeking to ramp up mandated cybersecurity efforts for financial institutions by altering the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive information security program.

“People are not generally doing what we would consider risk assessments,” said Chris Cronin, a partner at HALOCK Security Labs. “Instead, they’ll have an auditor come in and run an audit.”

The Federal Trade Commission (FTC) released the final agenda for a July 13, 2020 virtual workshop that will seek input on proposed changes to the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program.

HALOCK partner will serve as a panelist during the 9:30am session: The Costs and Benefits of Information Security Programs.    

In a post on Halock.com, auditor Chris Cronin writes that as insurers try to model cyber risk and brokers try to get the right information from their clients it may be better to focus on management behavior than on hacker tactics.

Using data from NetDiligence reports, Cronin breaks down costs of crisis services, legal defense, settlements, regulatory defense and fines between small/medium and large organizations.

Foley Partner Jen Rathburn sits down with Terry Kurzynski, found of HALOCK Security Labs on the Duty of Care Risk Analysis, especially as it pertains to health care.

“… tying in other risk measurements with cyber-risk makes good sense, if only to have everyone using similar models, methods, and/or lexicon for risk management… Perhaps best known among these are the NIST risk management resources, cited by many as a basic compliance checklist. There’s also the Center for Internet Security’s Risk Assessment Methodology (RAM), created by Halock Security Labs.”

via DARK READING   

Penetration testers are the frontline witnesses on cyber threats and vulnerabilities. They continue to see the same weaknesses and vulnerabilities within the enterprises they examine. Below, is a list of recommendations for you to be aware of in the year ahead.    

Chicago Tribune – HALOCK Security Labs is conducting an informative webinar to help establish ‘reasonable’ risk cybersecurity controls, based on the Duty of Care Risk Analysis (DoCRA) standard.

Do you know reasonable?

Enhance your security strategy to address your changing working environment and risk profile due to COVID-19. HALOCK is a trusted cyber security consulting firm and penetration testing company headquartered in Schaumburg, IL in the Chicago area servicing clients throughout the United States.    

Insightful discussion with Chicagoland information security experts in Crain’s Roundtable.

A key method that was showcased at the event was the practice of ‘duty of care‘. That is, businesses should assess their security controls to ensure that all parties are protected from potential harm.

HALOCK Security Labs today announced that it has become a Champion of National Cybersecurity Awareness Month (NCSAM) 2018. It will be joining a growing global effort among businesses, government agencies, colleges and universities, associations, nonprofit organizations and individuals to promote the cyber security awareness of online safety and privacy. (more…)

“While accountability starts with the CEO and corporate board, cyber security is a shared responsibility across every function and level of an organization.” – article in Security Magazine. Read more on how information security professionals must be aligned when it comes to security safeguards.