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Published on October 21st, 2015 📆 | 3835 Views ⚑

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Cyber security summit looks at huge cost of breaches


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This week at the Marriott in Brooklyn Park, more than 600 people from around the world gathered to address one of the biggest questions facing society today.

"Who or what is most likely to attack us at any given moment?" asked Randy Haines, a business unit executive with IBM to a crowd of onlookers.

Only in this case, the attacks he's referring to are aimed at government and corporate computer networks.

"We see threats coming from, increasingly, state actors," said Andrew Borene a federal division manager with IBM. "There are some advanced persistent threats from rivals to the United States who leverage their intelligence services and military services to, in some cases, steal intellectual property from U.S. companies."

This is the fifth annual Cyber Security Summit, which is a meeting of the minds between government entities, businesses and academics.

"This is where those relationships start," Borene said. "This is where companies share their best practices between each other. This is where technology vendors that have new solutions can present those new solutions and get feedback from their potential customers."

One such vendor is IBM, which showcased a tool they built for the intelligence community aimed at catching bad guys as quickly as possible.

"Sometimes you don't even have minutes," said Jeremy Rodgers, an IBM security analytics architect. "You certainly don't have hours or day to close down your network and find the bad guy when your information's being leaked or when your servers are down because of dial-in service, so this allows you to take action very quickly, whether it's in the cyber realm or the physical realm."





Yet as technology advances, experts admit that so too do the threats, which make networking events like this Cyber Security Summit that much more important.

"This really is an important issue," Borene said. "And for the United States to stay secure and economically competitive, we have to have these public/private partnerships in place

Meanwhile, it's a headache, but experts say "cyber hygiene," (that includes changing your passwords often, and creating challenging passwords), is a good tool against hackers.

Delane Cleveland
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2015-10-21 22:01:48

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