Cyber Security Awareness: Apple Opens PCC Source Code for Enhanced Cloud AI Security & SEC Charges Companies for Misleading Cyber Attack Disclosures
Justin (Jay) Adamson
Cyber Community Connector & Podcast Host | Cyber Security Specialist - Connecting Security & Risk Associates with Career Opportunities & High Quality Business Partnerships Across a Wide Range of Solutions & Services
?? Check out the Latest Episode of the SECURE | CYBER CONNECT Podcast: https://youtu.be/gKo7aYd3fFQ?si=83Yt1Q8jz89TMMFq
As we approach the end of Cyber Security Awareness Month, it is an opportune time to reflect on the vital role each of us plays in Fostering a Culture of Security within our organisations. This month serves as a reminder of the increasing challenges we face in the Cyber Security Landscape and the importance of remaining vigilant and informed. For CIOs, CISOs, CTOs & Founders, understanding these developments is crucial for safeguarding your organisations against emerging threats. In this edition, we will examine Apple’s latest innovations in Cloud Security, recent Regulatory Actions influencing corporate accountability, evolving trends in cyber security funding, and the projected growth trajectory of the global cyber security market. These insights aim to empower you with the strategic knowledge necessary to enhance your organisation's cyber security posture.
Apple Opens PCC Source Code for Enhanced Cloud AI Security:
In a significant move, Apple has made its Private Cloud Compute (PCC) Virtual Research Environment (VRE) publicly available to researchers, allowing them to inspect and verify its Privacy & Security Assurances. Unveiled in June, PCC is touted as the most advanced security architecture for cloud AI computing at scale. The initiative aims to alleviate computationally complex requests while maintaining user privacy.
Apple has invited Security & Privacy Researchers to explore the PCC environment, enhancing transparency in AI operations. By expanding its Apple Security Bounty Program to include PCC, the tech giant offers rewards ranging from ￡50,000 to ￡1,000,000 for identifying vulnerabilities. This move not only encourages independent verification of its claims but also exemplifies Apple's commitment to maintaining the highest standards of security in an era of increasing Cyber Threats.
SEC Charges Companies for Misleading Cyber Attack Disclosures:
The US Securities & Exchange Commission (SEC) has recently charged four companies -Avaya, Check Point, Mimecast & Unisys - for making materially misleading disclosures related to the SolarWinds Cyber Attack in 2020. The SEC highlighted that these firms failed to adequately inform shareholders about the full extent of the breach, thereby infringing upon Federal Securities Laws.
Avaya, for instance, reported that only a "limited number" of email messages were accessed, while they were aware that attackers had breached at least 145 Files in their cloud environment. Such misleading disclosures not only undermine shareholder trust but also stress the importance of transparency in corporate communications, particularly during incidents of cyber insecurity. For CIOs & CISOs, this serves as a critical reminder of the legal ramifications and reputational damage that can arise from inadequate breach disclosures.
A Resilient Landscape Amid Economic Uncertainty:
As we reflect on Q3 2024, it’s encouraging to see that our research tracked 86 transactions that raised ￡2.15 Billion across 73 funding rounds. While this represents a 5% dip compared to Q3 2023, it signals a welcome stabilisation in ??venture capital after the highs we witnessed in 2021 and 2022. What’s particularly heartening is that, despite the broader decline in the venture capital scene, the Cyber Security Sector has remained surprisingly resilient. In fact, a remarkable 59% of these investments were directed towards Seed and Series A Start-Ups, highlighting the strong interest in nurturing fresh ideas and innovative technologies.
This steady stream of funding suggests that investors truly recognise the pressing need for cutting-edge cyber security solutions as organisations face increasingly sophisticated threats. For CIOs, CISOs & Founders, this isn’t just about numbers; it’s about the opportunity to harness new technologies and approaches that can make a real difference. Engaging with the latest investment trends is vital - not just for capitalising on growth opportunities but also for fostering a culture of innovation within teams. By staying ahead of the curve, we can equip our organisations to navigate today’s challenges and seize tomorrow’s possibilities in an ever-evolving cyber landscape.
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At SECURE | CYBER CONNECT, we believe that tackling cultural, technological, and talent acquisition challenges requires collaboration among industry stakeholders. Let’s work together to address these challenges and secure a brighter future for our industry. Connect with us today to explore how we can help you find the talent needed to protect your business and drive innovation for tomorrow.
Introducing: Jim Routh
We are thrilled to feature Jim Routh , a leading authority in Cyber Security and Digital Trust. As the Chief Trust Officer at Saviynt and a Board Member at Savvy , Jim brings invaluable expertise in Identity Governance & Privileged Access Management. With a career that includes pivotal roles at American Express, KPMG, Aetna, a CVS Health Company , he is uniquely positioned to provide insights on how organisations can effectively manage risk while enabling business growth.
Our conversation addresses pressing challenges that today’s Security Leaders face, including the surge in cyber threats and the complexities of Third-Party Governance. Jim shares practical strategies for navigating the evolving regulatory environment and highlights the importance of fostering a security-aware culture within organisations. His insights are especially relevant for CIOs, CISOs, Security Professionals, Founders, CTOs & VC & PE groups looking to stay ahead in a rapidly changing landscape.
By tuning in, you’ll gain actionable insights on the essential skills emerging cyber security professionals need to develop, as well as effective communication techniques for conveying complex technical concepts to the C-Suite. This enlightening discussion promises to empower you with the knowledge to refine your cyber security strategies and tackle the evolving threat landscape. Don't miss this opportunity to enhance your understanding - Watch Now to secure your competitive edge in the dynamic world of Cyber Security!
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Listen to the Full Episode Featuring Jim Routh , Warren Atkinson & Justin (Jay) Adamson on Spotify, Apple Podcasts, or Watch the Full Video on our YouTube Channel.
We Invite You to Listen to the Full Episode, with Jim Routh , Justin (Jay) Adamson & Warren Atkinson on Spotify, Apple Podcasts, and Watch the Full Video Content on our YouTube Channel.
??Watch Full Video Here: https://youtu.be/gKo7aYd3fFQ?si=83Yt1Q8jz89TMMFq
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Apple's move to open the PCC source code for researcher scrutiny is a huge step towards transparency and innovation in cloud AI security. It’s great to see companies prioritizing privacy and security assurances.