Director of VORAS Consulting, Paulius Petretis On The New Cyber Security Regulations.
Paulius Petretis, leading cyber security expert talks about the adoption of cyber security regulations in the U.S., China, Singapore and UK as threats of cyber attacks pick up speed and force saying the regulations may not be enough to stem the tide.
Vilnius, Lithuania – October 10, 2017 – Paulius Petretis, CEO of VORAS Consulting posted a new article on the company website entitled “Wave of Cyber Security Regulations Starting To Spread”, in which Mr. Petretis talks about the need for cyber security to be the number one priority of businesses.
Petretis points out that, “In our digital age things happen fast. New technologies, new abilities and new threats appear at lightning speed, so quickly that everyone is having a difficult time keeping up.” He continues elaborating, “The thrill of new possibilities with new solutions often takes precedence over keeping up with security measures. That is even more dangerous with ransomware and other threats coming like an endless stream of waves, hitting large worldwide organizations as well as individuals. Stemming the rate of or putting an end to the attacks seems impossibly overwhelming.”
“The EU set the stage for companies by establishing the GDPR regulations for any company in the EU or doing business with any company in the EU,” writes Petretis, adding, “The EU deadline for being compliant is coming up on May 25, 2018. Now the U.S. is starting to follow the example as well as China, Singapore and the UK. While the regulations may not go into effect soon enough nor be tough enough to make companies compliant, it is a start.”
According to Petretis, “The need for the new regulations came out of the fact that many of the biggest cyber attacks were largely preventable. By now everyone already knows that the WannaCry criminals exploited a patching code vulnerability.” He continues adding, “This has led to the wave of new regulations as forbes.com has said, “We’re now seeing new regulations emerge that are forcing organizations to get their proverbial houses in order. These regulations feature a new characteristic: They’re hitting companies where it hurts, with steep penalties for those that don’t comply.” (https://www.forbes.com/sites/forbestechcouncil/2017/08/25/the-cybersecurity-regulatory-crackdown/#373818f64573)
Petretis is adamant is stating, “Cyber security protocols must become the number one concern of businesses if they want to survive the growing wave of threats. Literally, the threats are coming from everywhere. I just read in another recent forbes.com article, an announcement that an app has been created that allows cybercriminals to create ransomware on their mobile devices.” (https://www.forbes.com/sites/leemathews/2017/08/25/new-mobile-app-lets-wannabe-cybercriminals-create-ransomware-with-ease/#24ee85a832c4)
He says, “This makes it rather obvious that there is very little sophistication required to cause disruption on a wide scale basis.”
The entire article can be read at https://voras-consulting.com/wave-of-cyber-security-regulations-starting-to-spread/
Paulius Petretis is an Information security expert, Certified Information Systems Security Professional (CISSP®), Certified Information Security Manager (CISM®), Certified Information System Auditor (CISA®), Certified in the Governance of Enterprise IT(CGEIT®) and Certified in Risk and Information Systems Control (CRISC®), Guest speaker at various conferences and seminars, Trainer at information security related training courses.
According to the annual survey initiated by the Info Security Europe, a whopping 93% of large organizations and 76% of small businesses had at least a single information security breach in 2011. Only 18% of the organizations affected by the infringements related to data protection laws had a consistent and effective contingency plan in place. According to Paulius, information is not something static – it evolves and mutates every day. It is the ecosystem of every business and if a single cell fails, it can bring down the entire business.
Therefore ensuring a consistent and up-to-date information protection policy must be the priority for all businesses – no matter how big or small they are. As it might be unrealistic to believe that any young or experienced entrepreneur can be the jack of all trades, the really smart decision is to rely on specialists who dedicate their professional lives to getting to know everything there is to know about protecting important business information.
With more than 16 years of experience in helping people, small businesses, and government organizations to protect their business secrets, Paulius believes that information security must help businesses achieve goals but not vice versa.