I recently watched a presentation to CEOs by the head of FFIEC and the title of the talk was What Every CEO Needs to Know about the Threats They Don’t See. Since when has have CEOs been concerned about IT Security? Times have changed. His spending for IT Security in 2012 as compared to 2014 is stunning in my opinion. I wrote earlier about JP Morgan’s CEO Jamie Dimon’s letter to shareholders regarding his increase in IT Security Investments in 2014. And reputations take years and years to build and can be destroyed overnight.” Attribution

“When I am with my fellow CEOs…these are three areas that me and my colleagues are worried about…Every CEO lives in fear of a Big Data breach, loss of data, a hack into the system that compromises our company’s reputation.

Meg Whitman, CEO of Ebay is quoted as on youtube saying : How would being infected with Cryptolocker impact you? Does your CEO know even what this means? It is my guess that most large company CEOs understand and (in my opinion) most small to medium market CEOs don’t. These type of ransom attacks are up 700% this year. So if this is the case, how fast can you recover and stay operational when an IT Security event happens to you? When reviewing this article I couldn’t help but think that our new breed of hackers are really extortionist entrepreneurs. You have to assume that you either are hacked or will be. I would say that IT security is as much about Disaster Recovery and Business Continuity Planning as it is about IT Security. In this article you can see how he predicts it’s demise and on the wake of Heartbleed and Shellshock it is not hard to see why. It is ironic that one of my favorite security writers Schneier on Security gave a talk about the Death of Cryptography.

Now this is in jeopardy or possibly is gone some might say. In an Internet that promises zero anonymity at best, it has been one of the last bastions of trust. One of the major aspects of the internet has been the trust engendered from SSL.

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