The Security Buzz: February 23, 2018

Industry News

Joe Hoellerer, SIA manager of government relations, recently testified before the New Hampshire House Commerce and Consumer Affairs Committee in opposition to N.H. HB 1733, known as the Digital Electronic Repair Act. This bill requires original equipment manufacturers to disclose proprietary source code, diagnostic and repair information to non-certified independent repair providers.

SIA Member Speco Technologies released four new cloud-enabled cameras designed to record to the all-new Speco cloud video storage platform. Additionally, the company launched the Speco Cloud Channel Partner program, which allows dealers to share in the recurring monthly revenue (RMR).

SIA Member Eagle Eye Networks has completed an 18-month globalization project to meet the needs of key global customers. The globalization project included: data centers, Eagle Eye user experience, Eagle Eye reseller dashboard, marketing website, Eagle Eye University and customer support.

The U.S. Securities and Exchange Commission (SEC) updated guidance to public companies on how and when they should disclose cybersecurity risks and breaches. The guidance addresses concerns about insider trading that emerged last year after Equifax Inc. credit monitoring firm revealed several executives had sold shares in the days between the company’s discovery of a breach and its disclosure.

America’s banks prevented $9 out of every $10 of attempted deposit account fraud in 2016, according to the 2017 American Bankers Association Deposit Account Fraud Survey Report. According to the survey, attempted fraud against bank deposit accounts reached $19.1 billion in 2016, up from $12.9 billion in 2014.

Cryptojacking is the act of poisoning a website to get a computer to mine cryptocurrencies unknowingly. mine cryptocurrency. Hackers mine cryptocurrency by either getting the victim to click on a malicious link in an email, or by infecting a website or online ad with JavaScript code that auto-executes once loaded in the victim’s browser. 

Let’s Talk About It. SIA members: Join our online discussion forum SIA360 to discuss any of the topics listed above or start a new discussion about current events related to the security industry. Our new community is open to all SIA members.