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June 29, 2011

Security Summit Cautions Against Increasing Cybercrime

The Information Systems Security Association (ISSA-LA.org) held the third annual Information Security Summit at Los Angeles. Hacking the cloud and cloud security were topics that figured prominently. Appropriately, the theme of the 2011 summit was The Growing Cyber Threat: Protect Your Business.

In an effort to reduce costs of running IT departments, more and more companies are seeking cloud cover. However, while this a very positive move, it is rather disconcerting to find that the cloud is being attacked and cybercrime is on the rise.

Vulnerabilities in Dropbox (News - Alert), a 'cloud' storage provider, recently came to light when it failed to adequately secure its customers' documents. This is just one of the many incidents that highlight the need to exercise caution while using cloud power.

The country’s leading experts on Internet security spoke at the ISSA-LA Security Summit held on June 15 at the University of California Los Angeles campus and hosted by UCLA Extension.

Featured speaker, Dr. Eugene Schultz, chief technology officer at Emagined Security spoke of how easy it was for hackers to compromise thousands of companies, whose data was stored on large cloud servers.

Schultz said, “Hackers are spending substantial time and effort looking for ways to penetrate the cloud,”   “There are some real Achilles' heels in the cloud infrastructure that are making big holes for the bad guys to get into.”

In a press release, ISSA-LA President Stan Stahl, Ph.D.expressed appreciation that experts in information security selflessly volunteered information, knowledge and wisdom to help the community.

Stahl further added, “This is open season for cybercrime and hackers. I’m pleased that we’re able to serve the LA community with timely talks on cloud security, like the two Dr. Schultz presented at our Summit.”

The annual Summit is the only educational forum in Los Angeles specifically that encourages participation and interaction among business executives, technical IT personnel and information security practitioners, who have been entrusted with the responsibility of securing sensitive information.

 


Mini Swamy is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves
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