Exploring the Role of Regulations and Certifications [Weekly Cybersecurity Brief]

In the cybersecurity era we find ourselves in, two of the biggest players that are likely to arise are regulations and certifications. Not only do they bring a sense of consistency, but they also seek to identify vendors that have met a certain level of expertise and address issues such as the talent shortage. Considering, it is probable to expect that they will continue to pop up across government agencies, industries, sectors and countries. One example of the fields witnessing a surge in such activity is telecommunications.

As a recent incident involving Samsung points out, telecom companies are at risk of multiple cyber breaches just like almost every other industry at this point. After reporting a case earlier this year in which hackers accessed Galaxy source code, Samsung just shared details of a newly discovered attack that compromised customer information. Although Samsung assures that data like credit card numbers are safe, data including names, demographics and dates of birth may have been impacted. It is believed that intruders first broke into systems in July. So, in order to accurately track and clean up vulnerabilities, the company has hired a third-party cybersecurity firm and is in communication with law enforcement.

While not connected to the Samsung case, there are efforts to protect players in that industry from future attacks. Over in the UK, regulators are putting together plans that they look to introduce in October. According to a Department for Digital, Culture, Media and Sport (DCMS), “The new telecoms security regulations will be among the strongest in the world.” They will provide the government with the jurisdiction to implement security standards around hardware and software that mobile and broadband networks must meet. If they fail to, Tech Monitor reports that the companies running the operations may face fines of up to 10% of their turnover. Organizations will have until March 2024 to fully incorporate these guides with the goal of protecting functions such as internet traffic and phone calls. 

One key answer to fulfilling these growing demands around cybersecurity is to have teams that are equipped with the skills and knowledge to successfully reach them. That’s where certifications are helpful. Although they likely differ around the world, the proper ones can be important to seek out. In addition to helping professionals keep up with the pace of the cybersecurity landscape, certifications can boost an employee’s compensation by $18,000 in some circumstances, according to Technical.ly. Some that the outlet highlights include CompTIA Security+ for entry-level positions, Certified Information Systems Auditor (CISA) for mid-level and Certified Information Systems Security Professional (CISSP) for senior-level roles.  

On top of assisting employees enhance their cybersecurity skills, certifications are also handy in identifying vendors or companies that specialize in specific areas of cybersecurity. As Anna Johnson writes at Technical.ly, “While the market is flooded with opportunities, the specialized nature of the cybersecurity industry means it also requires specific training.” We see this need for specialization in the examples of the telecom industry listed above, but there are many other fields that increasingly require particular expertise. Option3’s portfolio company, Dellfer, is leading the way in cybersecurity focused on firmware development. In their mission to serve industries like the automotive field, they have recently received a number of certifications. To learn more about them, visit https://dellfer.com/company/press/. 

Key Takeaways:

“Samsung says hackers obtained some customer data in newly disclosed breach” – Kris Holt, Yahoo Finance

https://finance.yahoo.com/news/samsung-data-breach-customer-personal-information-163502854.html

  • After reporting a case earlier this year in which hackers accessed Galaxy source code, Samsung just shared details of a newly discovered attack that compromised customer information.
  • Although Samsung assures that data like credit card numbers are safe, data including names, demographics and dates of birth may have been impacted.
  • It is believed that intruders first broke into systems in July.

“UK telecom companies face tough new cybersecurity rules” – Ryan Morrison, Tech Monitor

https://techmonitor.ai/technology/cybersecurity/uk-telecom-companies-cybersecurity

  • In the UK, regulators are putting together plans that they are looking to introduce in October to secure telecom operations.
  • According to a Department for Digital, Culture, Media and Sport (DCMS), “The new telecoms security regulations will be among the strongest in the world.”
  • They will provide the government with the jurisdiction to implement security standards around hardware and software that mobile and broadband networks must meet.

“9 in-demand cybersecurity certifications to help you land a high-paying position” – Anna Johnson, Technical.ly

https://technical.ly/professional-development/cybersecurity-certifications-flatiron-school/

  • Certifications can help professionals keep up with the pace of the cybersecurity landscape.
  • They can also boost an employee’s compensation by $18,000 in some circumstances.
  • Certifications are also handy in identifying vendors or companies that specialize in specific areas of cybersecurity.
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