Security

The rise of cybersecurity debt

Comment

Our nation's cybersecurity debt is piling up
Image Credits: Peter Dazeley / Getty Images

Howard Boville

Contributor

Howard Boville is head of IBM Hybrid Cloud. He leads the global cloud business at IBM and helps develop market-leading capabilities to drive digital transformation for enterprises.

More posts from Howard Boville

Ransomware attacks on the JBS beef plant, and the Colonial Pipeline before it, have sparked a now familiar set of reactions. There are promises of retaliation against the groups responsible, the prospect of company executives being brought in front of Congress in the coming months, and even a proposed executive order on cybersecurity that could take months to fully implement.

But once again, amid this flurry of activity, we must ask or answer a fundamental question about the state of our cybersecurity defense: Why does this keep happening?

I have a theory on why. In software development, there is a concept called “technical debt.” It describes the costs companies pay when they choose to build software the easy (or fast) way instead of the right way, cobbling together temporary solutions to satisfy a short-term need. Over time, as teams struggle to maintain a patchwork of poorly architectured applications, tech debt accrues in the form of lost productivity or poor customer experience.

Our nation’s cybersecurity defenses are laboring under the burden of a similar debt. Only the scale is far greater, the stakes are higher and the interest is compounding. The true cost of this “cybersecurity debt” is difficult to quantify. Though we still do not know the exact cause of either attack, we do know beef prices will be significantly impacted and gas prices jumped 8 cents on news of the Colonial Pipeline attack, costing consumers and businesses billions. The damage done to public trust is incalculable.

How did we get here? The public and private sectors are spending more than $4 trillion a year in the digital arms race that is our modern economy. The goal of these investments is speed and innovation. But in pursuit of these ambitions, organizations of all sizes have assembled complex, uncoordinated systems — running thousands of applications across multiple private and public clouds, drawing on data from hundreds of locations and devices.

GasBuddy tops the App Store for the first time due to Colonial Pipeline attack

Complexity is the enemy of security. Some companies are forced to put together as many as 50 different security solutions from up to 10 different vendors to protect their sprawling technology estates — acting as a systems integrator of sorts. Every node in these fantastically complicated networks is like a door or window that might be inadvertently left open. Each represents a potential point of failure and an exponential increase in cybersecurity debt.

We have an unprecedented opportunity and responsibility to update the architectural foundations of our digital infrastructure and pay off our cybersecurity debt. To accomplish this, two critical steps must be taken.

First, we must embrace open standards across all critical digital infrastructure, especially the infrastructure used by private contractors to service the government. Until recently, it was thought that the only way to standardize security protocols across a complex digital estate was to rebuild it from the ground up in the cloud. But this is akin to replacing the foundations of a home while still living in it. You simply cannot lift-and-shift massive, mission-critical workloads from private data centers to the cloud.

Enterprise security attackers are one password away from your worst day

There is another way: Open, hybrid cloud architectures can connect and standardize security across any kind of infrastructure, from private data centers to public clouds, to the edges of the network. This unifies the security workflow and increases the visibility of threats across the entire network (including the third- and fourth-party networks where data flows) and orchestrates the response. It essentially eliminates weak links without having to move data or applications — a design point that should be embraced across the public and private sectors.

The second step is to close the remaining loopholes in the data security supply chain. President Biden’s executive order requires federal agencies to encrypt data that is being stored or transmitted. We have an opportunity to take that a step further and also address data that is in use. As more organizations outsource the storage and processing of their data to cloud providers, expecting real-time data analytics in return, this represents an area of vulnerability.

Many believe this vulnerability is simply the price we pay for outsourcing digital infrastructure to another company. But this is not true. Cloud providers can, and do, protect their customers’ data with the same ferocity as they protect their own. They do not need access to the data they store on their servers. Ever.

To ensure this requires confidential computing, which encrypts data at rest, in transit and in process. Confidential computing makes it technically impossible for anyone without the encryption key to access the data, not even your cloud provider. At IBM, for example, our customers run workloads in the IBM Cloud with full privacy and control. They are the only ones that hold the key. We could not access their data even if compelled by a court order or ransom request. It is simply not an option.

Paying down the principal on any kind of debt can be daunting, as anyone with a mortgage or student loan can attest. But this is not a low-interest loan. As the JBS and Colonial Pipeline attacks clearly demonstrate, the cost of not addressing our cybersecurity debt spans far beyond monetary damages. Our food and fuel supplies are at risk, and entire economies can be disrupted.

I believe that with the right measures — strong public and private collaboration — we have an opportunity to construct a future that brings forward the combined power of security and technological advancement built on trust.

Why ‘blaming the intern’ won’t save startups from cybersecurity liability

More TechCrunch

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

The deck included some redacted numbers, but there was still enough data to get a good picture.

Pitch Deck Teardown: Cloudsmith’s $15M Series A deck

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: What we know so far

Unlike ChatGPT, Claude did not become a new App Store hit.

Anthropic’s Claude sees tepid reception on iOS compared with ChatGPT’s debut

Welcome to Startups Weekly — Haje‘s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Look,…

Startups Weekly: Trouble in EV land and Peloton is circling the drain

Scarcely five months after its founding, hard tech startup Layup Parts has landed a $9 million round of financing led by Founders Fund to transform composites manufacturing. Lux Capital and Haystack…

Founders Fund leads financing of composites startup Layup Parts

AI startup Anthropic is changing its policies to allow minors to use its generative AI systems — in certain circumstances, at least.  Announced in a post on the company’s official…

Anthropic now lets kids use its AI tech — within limits

Zeekr’s market hype is noteworthy and may indicate that investors see value in the high-quality, low-price offerings of Chinese automakers.

The buzziest EV IPO of the year is a Chinese automaker

Venture capital has been hit hard by souring macroeconomic conditions over the past few years and it’s not yet clear how the market downturn affected VC fund performance. But recent…

VC fund performance is down sharply — but it may have already hit its lowest point

The person who claims to have 49 million Dell customer records told TechCrunch that he brute-forced an online company portal and scraped customer data, including physical addresses, directly from Dell’s…

Threat actor says he scraped 49M Dell customer addresses before the company found out

The social network has announced an updated version of its app that lets you offer feedback about its algorithmic feed so you can better customize it.

Bluesky now lets you personalize main Discover feed using new controls

Microsoft will launch its own mobile game store in July, the company announced at the Bloomberg Technology Summit on Thursday. Xbox president Sarah Bond shared that the company plans to…

Microsoft is launching its mobile game store in July

Smart ring maker Oura is launching two new features focused on heart health, the company announced on Friday. The first claims to help users get an idea of their cardiovascular…

Oura launches two new heart health features

Keeping up with an industry as fast-moving as AI is a tall order. So until an AI can do it for you, here’s a handy roundup of recent stories in the world…

This Week in AI: OpenAI considers allowing AI porn

Garena is quietly developing new India-themed games even though Free Fire, its biggest title, has still not made a comeback to the country.

Garena is quietly making India-themed games even as Free Fire’s relaunch remains doubtful

The U.S.’ NHTSA has opened a fourth investigation into the Fisker Ocean SUV, spurred by multiple claims of “inadvertent Automatic Emergency Braking.”

Fisker Ocean faces fourth federal safety probe

CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.

CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers

The Series C funding, which brings its total raise to around $95 million, will go toward mass production of the startup’s inaugural products

AI chip startup DEEPX secures $80M Series C at a $529M valuation 

A dust-up between Evolve Bank & Trust, Mercury and Synapse has led TabaPay to abandon its acquisition plans of troubled banking-as-a-service startup Synapse.

Infighting among fintech players has caused TabaPay to ‘pull out’ from buying bankrupt Synapse

The problem is not the media, but the message.

Apple’s ‘Crush’ ad is disgusting

The Twitter for Android client was “a demo app that Google had created and gave to us,” says Particle co-founder and ex-Twitter employee Sara Beykpour.

Google built some of the first social apps for Android, including Twitter and others

WhatsApp is updating its mobile apps for a fresh and more streamlined look, while also introducing a new “darker dark mode,” the company announced on Thursday. The messaging app says…

WhatsApp’s latest update streamlines navigation and adds a ‘darker dark mode’

Plinky lets you solve the problem of saving and organizing links from anywhere with a focus on simplicity and customization.

Plinky is an app for you to collect and organize links easily

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: How to watch

For cancer patients, medicines administered in clinical trials can help save or extend lives. But despite thousands of trials in the United States each year, only 3% to 5% of…

Triomics raises $15M Series A to automate cancer clinical trials matching

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Tap, tap.…

Tesla drives Luminar lidar sales and Motional pauses robotaxi plans

The newly announced “Public Content Policy” will now join Reddit’s existing privacy policy and content policy to guide how Reddit’s data is being accessed and used by commercial entities and…

Reddit locks down its public data in new content policy, says use now requires a contract

Eva Ho plans to step away from her position as general partner at Fika Ventures, the Los Angeles-based seed firm she co-founded in 2016. Fika told LPs of Ho’s intention…

Fika Ventures co-founder Eva Ho will step back from the firm after its current fund is deployed

In a post on Werner Vogels’ personal blog, he details Distill, an open-source app he built to transcribe and summarize conference calls.

Amazon’s CTO built a meeting-summarizing app for some reason

Paris-based Mistral AI, a startup working on open source large language models — the building block for generative AI services — has been raising money at a $6 billion valuation,…

Sources: Mistral AI raising at a $6B valuation, SoftBank ‘not in’ but DST is