How Local Governments Can Prevent Cyberattacks
The recent cyberattack on Atlanta, in which the municipal government’s computers and related services were held hostage by a ransomware attack, is a reminder that local governments are particularly vulnerable to these and other cyberthreats.
Local governments of all sizes and locations now own and operate a wide and growing array of internet-connected technology systems: employee-issued laptops, motion sensors on light poles and under pavement, mapping and informational systems inside police cars, online citizen-engagement tools and much more.
Most local governments in the United States don’t have a strong grasp of the policies and procedures they should implement to protect their technology systems from attacks. This is especially concerning because the threat of a cyberattack is the most important cybersecurity problem they face, according to a survey conducted by the organization I work for, the International City/County Management Association, and the University of Maryland, Baltimore County.
Forty-four percent of local governments report that they regularly face cyberattacks, on either an hourly or daily basis. More troubling is the high percentage of governments that do not know how often they are attacked (28 percent) or breached (41 percent). Further, a majority of local governments do not catalog or count attacks (54 percent).
This is not just an American problem. Last month, at a conference in Tel Aviv, Tamir Pardo, the former head of Mossad, Israel’s national intelligence agency, said that most local government leaders around the world do not fully understand how serious a threat cyberattacks are and have not imaginatively assessed the consequences of inaction. He described cyberthreats as “soft nuclear weapons” that one day may be used to start and finish a war without firing a shot.
Continue reading on NYtimes.com
While there are some challenges that both investors and businesses face in creating a net positive impact, there are still ways in which we can ensure that investments are positively impacting society.
Municipal bonds are securities issued for the purpose of financing local infrastructure needs, and cities are increasingly using these tools for enabling smart cities projects.
The U.S. Department of Agriculture offers loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.
From AI to blockchain, what separates the hype from the real opportunities in the new age of investing technology? Join editors from The Economist and leaders from Venture Smarter, the world's premier financial institutions, wealthiest families, largest companies, most innovative startups and most influential foundations for the third annual Investing for Impact event.
Multiple IoT platforms for cities exist on the market today. How do they compare? What arguments exist on the open source vs proprietary solutions divide? How do these platforms compare in costs, functionality, security and ecosystem?
Join leaders from Venture Smarter, IEEE Smart Cities and more at the 23rd Annual ARC Industry Forum in Orlando, Florida to explore how digitizing factories, cities, and infrastructure will benefit technology end users and suppliers alike. Here are some top reasons for you to attend!
This January, we were happy to co-host the U.S. Opportunity Zone Expo in partnership with the US Dept. of Treasury and the National Infrastructure and Investment Alliance (NIIA). Here are a few takeaways from Venture Smarter’s SVP of Governance and Policy, Rhonda Binda.
Join Venture Smarter and our partners at one or more of these events to connect with industry insiders, practitioners, solution partners, and project planners working to build better places to live, work, and visit.
Recent developments out of the U.S. Treasury and the White House related to Opportunity Zones show that this initiative is gaining momentum as 2019 begins.
Attending the Consumer Electronics Show in Las Vegas? Connect with Venture Smarter executives, team members, and partners at the show!