What will drive 2020 in cloud governance? In a hybrid world, a solid strategy is key

Now that we are a few weeks into 2020, we should consider what lies ahead in the ever-evolving world of cloud governance. What seems certain is that when it comes to IT governance there is still the same need to balance the benefits of agility and speed which come from decentralisation, against key business risks be they security and/or cost management.

In fact, what is meant by cloud governance really depends on where you sit within an organisation. Microsoft has produced some interesting content on these different perspectives, which they have boiled down into “five disciplines.” 

From my perspective, I think mostly around cost management and cost optimisation. Obviously, if you sit within a security related function within a company or are a vendor of security tools, cloud governance means something quite different. The other factor impacting perspective is where you stand on the so-called ‘cloud journey’. If you are still working on migrating your first workloads to the cloud you will have a completely different outlook than if you have been in the cloud for the last 10 years and built your entire business model from the ground up in the public cloud.

So, now that we are in 2020, what does this all mean? The cloud world is full of predictions, but one often cited that caught my eye is that in 2020, 83% of enterprise workloads will be in the cloud with approximately half of these being in the public cloud (AWS, Azure and GCP for example).

The growth in public cloud over the last decade has been enormous and with it a management task that has moved beyond a scale that humans can manage. Automation has been part of the cloud since its inception, but the move to automated governance has begun and without a doubt will continue to accelerate in the coming years.

Be it automated, from cloud guardrails which prevent misconfigurations which enable malicious attackers to penetrate what was considered well protected systems, to automated cloud cost control which automatically schedules resources to be available when required (and off when not) or adjusted to the right-size to meet the needs of the workload. It’s also not just the infrastructure layer that’s going to get automated as new tools emerge including application resource management, which enables the entire application stack to be automated using software. 

In reality, most of what is termed ‘automation’ in the world of cloud governance in 2020 is really just recommendations, which are then manually implemented. These often still require sophisticated workflows, approval processes and signoffs from operations and business owners. Few organisations have moved to fully automated governance actions were, in essence, the machines are being used to manage machines.

Just as with the move towards autonomous vehicles, driver augmentation via adaptive cruise control, lane-centering et al is now considered almost standard on new cars, and so is at least some level of automation in governance is becoming a standard requirement. Being delivered a list of hundreds of recommendations in the last decade was considered a vast improvement on the status quo. In the next decade, these recommendations will likely increasingly become invisible as infrastructure optimisation is managed in an ongoing and continuous manner and will require little or no human input.

The range of governance tasks to be automated is also likely to grow. I can already observe the way cost management is increasingly being automated and our own customers are getting comfortable with more ‘set it and forget it’ automation processes based on policies they define. Teams anxious about cloud security are turning to a growing market of automation tools that cover monitoring, compliance, and threat management and remediate these issues in real-time.

There is certainly a lot of headroom when it comes to automating governance. It makes me wonder where we will be by 2030.

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Google Cloud goes ice cold with general availability of Archive storage class

Google Cloud has announced the general availability of Archive, its coldest storage offering focused on long-term data retention.

Cold storage, unlike its antithetical hot cousin – see Wasabi as an example of the latter – is for workloads which are accessed less than once a year and has been stored, usually, for many years. It is pitched by the hyperscalers as a replacement for tape backups; when Amazon Web Services (AWS) launched Glacier Deep Archive at 2018’s re:Invent, CEO Andy Jassy told the audience they would ‘have to be out of their mind’ to manage their own tape moving forward.

Google’s Archive, meanwhile, aims to differ from Amazon’s version in a couple of ways. When this publication reported in March on updates to Coldline, Google’s ever-so-slightly-warmer storage class, it noted ‘high availability and low latency as its calling card.’ Google aims for no delay on data retrieval – ‘millisecond latency’, as the company puts it – compared with AWS which offers restoration any time between one minute and 12 hours.

Archive is priced at $0.0012 per GB per month, or $1.23 per terabyte per month. This is above AWS and Azure, who are priced the same at $0.00099 per GB per month and $1 per TB per month. This is part down to the longer remit for an early deletion charge – Google has it at 365 days compared with 180 days for AWS and Azure. It is worth noting that this is a basic guide, with caveats between the providers for workloads and usage.

Google Cloud Archive was first announced last April, with the promise at the time of ‘later this year’ only slightly out. “Having flexible storage options allows you to optimise your total cost of ownership while meeting your business needs,” wrote Geoffrey Noer, Google Cloud storage product manager in a blog announcing general availability. “At Google Cloud, we think that you should have a range of straightforward storage options that allow you to more securely and reliably access your data when and where you need it, without performance bottlenecks or delays to your users.”

You can compare cold storage offerings by visiting Google's page, AWS', and Microsoft's.

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Teams unveils Walkie Talkie and off-shift access controls in frontline workers push


Keumars Afifi-Sabet

10 Jan, 2020

Microsoft has unveiled a set of new features for its flagship Teams platform to appeal to what the company calls «firstline workers» in industries like medicine, retail and manufacturing.

Over the course of 2020, the major Slack rival will introduce a suite of tools, including features like an in-app walkie-talkie, shared device sign-out and off-shift access controls for IT administrators.

The news marks the company’s second major push around ramping up functionality for frontline-workers, hinting that Microsoft is aggressively trying to fill what it sees as a gap in the market.

Microsoft had previously revealed simple sign-in for Microsoft 365 and Teams at its Ignite conference in November. The previously announced SMS sign-in tool would allow frontline workers to log onto Teams using an SMS authentication code obtained by entering their phone number.

Companies in the retail industry, in particular, with high staff turnover, could be the main beneficiaries from this feature, as well as from new tools like off-shift access controls and shared device sign-out.

«Companies at the forefront of digital transformation recognize how critical it is to enable all of their people with the right technology and tools,» said Microsoft’s corporate vice president of modern workplace verticals Emma Williams.

«That’s why, in industries like retail, hospitality, and manufacturing, there’s a movement underway to digitally empower the Firstline Workforce – the more than two billion people worldwide who work in service- or task-oriented roles.

«Giving Firstline Workers the tools they need requires companies to address unique user experience, security and compliance, and IT management.»

Allowing workers to sign in using SMS, for instance, would allow IT departments to avoid the need to set up fully-fledged user accounts for individuals who may not stay in the job for very long.

One of the most eye-catching new features, the walkie-talkie tool, is aimed at supplanting the need to buy additional equipment like radios, with workers able to conduct voice conversations over Wi-Fi and mobile data.

Microsoft sees this walkie-talkie feature as a means to help companies ditch «analog devices with unsecure networks», with workers no longer having to worry about crosstalk or eavesdropping from third-parties.

Principal analyst for digital workplace at CCS Insight, Angela Ashenden, said frontline workers have become a growing area of focus for Microsoft, with this segment of the workforce historically unserved with any apps or tools.

«We’ve seen Microsoft target this group already with its collaboration solution Teams,» she said. «And with its mixed reality applications as part of Dynamics 365, and we’re now starting to see these two worlds coming together as the company focuses on key verticals like retail.»

«Today’s announcements of a new push-to-talk, walkie talkie feature in Teams will be hugely valuable for retail businesses, and SMS sign-in helps address the challenge of the high-turnover storefront workforce who aren’t always given an email address to use to sign in with (this is a feature we’ve also seen Workplace by Facebook rollout).»

The use of off-shift access controls, similarly, gives IT admins the capacity to limit worker access to the app on personal devices outside of working hours. This would ensure employees are not working longer hours than they’re supposed to and helps employers comply with employment regulations.

While these features don’t have fixed release dates, Microsoft has penned broad estimates that range from later this quarter, to over the course of the first half of the year. All capabilities are expected to have been released by midway through 2020 or earlier.

Warner Bros turns to AI to greenlight movies


Bobby Hellard

9 Jan, 2020

Warner Bros will trial a machine-learning platform to help predict how movies will perform at the box office. 

The iconic film studio said it will use Cinelytics’ AI and cloud-based project management system to inform its decision around talent valuations and release strategies.

Cinelytic is a Hollywood-based business that applies machine-learning models to licensed performance data from the box office, home rentals and even pirated downloads, which it cross-references with information about genres, seasonal release dates and even actors. 

The company claims it can predict the economic value of a film and potentially the total revenues it will have over its lifetime. The deal is only a trial at the moment and will only involve the international side of the studio. 

«Warner Bros is excited to employ Cinelytic’s cutting-edge system,» said Tonis Kiis, Senior VP for international pictures at Warner Bros. «In our industry, we make tough decisions every day that affect what – and how – we produce and deliver films to theatres around the world, and the more precise our data is, the better we will be able to engage our audiences.»

Cinelytics’ platform is a subscription-based interface that works like a questionnaire, similar to an online insurance form. Users can enter information about their projects, such as budget, who is in it, who is directing, when and where it’s being released and the machine learning algorithms match that its dataset. 

The company’s CEO Tobias Queisser spoke to IT Pro last year and used the movie Hellboy as an example. Before its release, Queisser’s team ran the film’s information through the platform and its estimated box office takings were $23.3 million – less than half of its $50 million budget. 

It earned $21.8 million and the reason appeared to be the timing of its release. The film came out in a comic book-heavy spring schedule between DC’s Shazam and  Marvel’s Avengers: Endgame.

Mozilla fixes Firefox zero-day being actively exploited


Keumars Afifi-Sabet

9 Jan, 2020

​Mozilla has patched a critical flaw in its Firefox browser that’s being actively exploited by criminals in targeted attacks.

The critical vulnerability, branded CVE-2019-17026, allows an attacker to seize control of an affected computer through a mechanism that leads to ‘type confusion’, according to an advisory released by Mozilla. 

The company confirmed that the critical flaw, which has now been patched, affects users running version 72.0.1 of Firefox and version 68.4.1 of Firefox ESR. The developer added that it’s «aware of targeted attacks in the wild abusing this flaw». 

The severity of the flaw is such that the US Cyber Security and Infrastructure Agency has issued a separate warning urging Firefox users to apply the necessary updates.

The attack works by causing ‘type confusion’, which is a potentially critical error that can lead to data being read from or written to locations of memory normally out of bounds. When triggered, this can lead to an exploitable crash because of issues caused when the browser attempts to manipulate JavaScript objects.

It’s the second time within seven months that Firefox has sustained a critical zero-day vulnerability being actively exploited in the wild.

A previous flaw, discovered in June 2019, gave attackers the tools to execute arbitrary code on flawed machines and in some cases take over users’ devices remotely.

The latest emergency fix follows a round of 11 CVE-rated bug fixes Mozilla has issued, five of which were rated ‘high’ and four rated ‘medium’. Among these highly-rated issues were memory safety bugs in Firefox 72, another type confusion issue, and a memory corruption flaw.

The second major security scare within a matter of months is a blow to a developer trying to forge a fresh identity for Firefox as a privacy-centric web browser. Mozilla has teased and rolled out a suite of changes to how Firefox functions in the last year, including tools like a virtual private network (VPN).

In September last year, Mozilla also instigated a change in Firefox that would block known third-party tracking cookies and cryptocurrency mining by default as part of its Enhanced Tracking Protection (ETP).

Insight Partners snaps up Veeam for $5bn


Bobby Hellard

9 Jan, 2020

Data management firm Veeam has been acquired by software investors Insight Partners in a deal worth approximately $5 billion.

The change will see the Swiss firm become a US company, with an American leadership team take the helm.

Veeam offers backup solutions for cloud data management. According to the latest IDC Software Tracker, it’s the number one market share leader in EMEA and number four in the world, behind Dell, Veritas and IBM.

The deal will be completed by the end of the first quarter of 2020 and will enable Veeam to expand its hybrid cloud platform.

«Veeam’s strong growth, coupled with high customer retention, unparalleled data management solutions and the opportunities to expand services into new markets, make it one of the most exciting software companies in the world today,» said Mike Triplett, Insight Partners managing director.

«We are committed to supporting Veeam’s next phase of leadership and growth in the United States, continued market-share leadership position in EMEA and continued global expansion,» Triplett said. 

As part of the deal, former chief of staff to the VP of the United States, Nick Ayers will join Insight Partners managing director Mike Triplett and Veeam CEO, William H. Largent on the board. Co-Founders Andrei Baronov and Ratmir Timashev will step down. Additionally, Insight Partners managing directors Ryan Hinkle and Ross Devor will each serve on the Board once the acquisition has been completed.

«With the acquisition, we are excited that our current US workforce of more than 1,200 will be expanded and strengthened to acquire and support more customers,» said Largent. «Veeam has one of the highest calibre global workforces of any technology company, and we believe this acquisition will allow us to scale our team and technology at an unrivalled pace.»

Veeam to be acquired by Insight Partners in $5 billion deal

Veeam has always been a green company – in terms of its branding and UI at least – and now the Swiss cloud backup and data management provider is getting its Green Card.

Software investor Insight Partners announced it is set to acquire Veeam in a transaction valued at $5 billion (£3.84bn), with Veeam becoming a US-based company with a US leadership team.

Veeam focuses on what it describes as a ‘single platform for cloud, virtual and physical’; integrating cloud backup and disaster recovery, orchestration, mobility, monitoring and analytics. The company has found leadership roles in Gartner’s Magic Quadrant for data centre backup and recovery solutions on three occasions, with Insight Partners boasting Veeam as ‘the clear market leader’, with more than $1 billion claimed in annual sales and more than 365,000 global customers.

William H. Largent, previously executive vice president operations, is promoted to CEO as part of the acquisition. “Veeam has enjoyed rapid global growth over the last decade and we see tremendous opportunity for future growth, particularly in the US market,” said Largent in a statement. “Veeam has one of the highest calibre global workforces of any technology company, and we believe this acquisition will allow us to scale our team and technology at an unrivalled pace.”

The comment around US expansion is an interesting one, as many will recognise Veeam as a European stronghold offering differentiation through choice and simplicity – and partnering with US companies to help them cross the chasm for European customers. CloudTech spoke with David Friend, CEO of storage provider Wasabi Technologies, in August as the company was in Europe having just announced partnership agreements. Veeam was one of the first partners.

It has been a busy – and expensive – week for Insight. Earlier the company confirmed it was buying Armis for $1.1bn in what was claimed as the largest enterprise Internet of Things (IoT) cybersecurity transaction.

“Veeam’s platform is the most advanced and complete data management solution available to businesses requiring a seamless blend of data backup and recovery, data protection, data security and data availability,” said Insight Partners managing director Mike Triplett in a statement. “We are committed to supporting Veeam’s next phase of leadership and growth in the United States, continued market-share leadership position in EMEA and continued global expansion.”

The acquisition is expected to close in the first quarter of 2020.

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Ela Osterberger, Deliveroo: On inspiration, injustice, and building great data science teams

“I’m someone who always has to speak up if there is any injustice,” says Ela Osterberger, director of data science at Deliveroo. “As soon as I see something not being quite right, I have to speak about it.”

Being an experienced data science leader, with Omnicom and The Guardian among others before Deliveroo, means Osterberger has seen her fair share of it over the years. Presenting her Master’s thesis, for instance, it struck Osterberger that she was the only woman in the room. She has also noted fighting against a culture where ‘men solve problems.’

The path to a senior role at a name brand well-known for its tech expertise – as far back as 2017 the company said its ethos had been based entirely on data efficiency – was one not known when Osterberger received her Master’s. Naturally, data science was not an industry in its own right, with business and data analysts in vogue. Yet that was by no means the starting point.

I had to study coding at home secretly so no-one would judge me – and it turned out I’m actually quite good at it

“I always liked mathematics but I couldn’t see myself having a career in it,” Osterberger tells CloudTech. “I think that’s because the way I identified economics – I was interested in the more political and social aspect – but only then did I realise how passionate I was about statistics.” One element for Osterberger, however, stood in her favour. “I didn’t ever care about fitting in,” she says. “I wasn’t quite sure what I was studying for, but I guess I just kept doing the things that I loved which I think really helped me in my career.”

As is becoming increasingly apparent, a maths degree can open doors to virtually any industry. The need for data, and the ability to crunch it and gain insights, is a universal language. Deliveroo has one of the largest groups of data scientists in the UK at around 100, and as of last month was still accepting applications.

The primary languages for success in data science – R, Python, SQL – are also important to the projects Deliveroo is undertaking. But to really impress Osterberger, you have to be made of the right stuff.

“One of the things that is really important is behaviour and cultural fit,” says Osterberger. “For a company that’s growing so quickly, it’s really important to hire people who keep the team culture healthy. Right now, one of the things I’m proudest of is [that] the team is so humble. Everyone is sharing with each other, and people constantly develop each other because they work together.”

Deliveroo’s data scientists are grouped into different areas of the organisation. Some work on market development and strategic initiatives, while there are approximately 25 product teams. It is worth noting the three key stakeholders in Deliveroo’s business; the restaurant, the rider, and the customer. The company has distinct teams which work to improve the experience and efficiency for all three.

Osterberger’s role is now entirely focused on the management side, compared to a more hands-on focus when she started in 2017. This is arguably down to both the expansion and Osterberger’s management style. “I focus a lot on the team and culture,” she says. “I try to hire really brilliant people, from all over the world, and provide them with what they need to be as successful as they can be. I give feedback on their work, make the right conversations happen, introduce them to other people in the company they should talk to, and make sure they have all the skills they need.”

This is translated in hiring more women in data science roles and trying to achieve equality; Osterberger estimates recent hires to be at approximately 50/50. “We’re definitely getting a lot better at attracting women now than we have been,” she notes. “It’s not for the lack of trying – but something actually seems to be changing now.”

The change is highlighted by events such as Women in Data, which ran its latest iteration in London in November. In collaboration with online retailer NBrown, the event saw the publishing of its latest list of 20 inspiring women across the entire data landscape – in which Osterberger placed. Event co-founder Rachel Keane said Osterberger was "another fine ambassador who will be a visible example to inspire women at all stages of their careers."

The event itself was ‘amazing’, Osterberger added. “The energy was amazing and seeing so many women now going into data science and analytics really fills me with hope,” she said. “I think they’re really going to change the industry for the better.”

One of the things I’m proudest of is the data science team is so humble. People constantly develop each other because they are working together

In October, CloudTech spoke with Keane, who noted something of a parallel with getting things up and running. From a recruitment perspective, Keane, and fellow co-founder Roisin McCarthy, found they had placed fewer women for data and analytics roles in 2014 than they had in 2000. This was by no means a negligent act, of course; but both realised that it wasn’t a case of giving women more opportunities, but by helping women maximise the various skills they already have.

Events such as Women in Data are therefore part solidarity and part showing off. Getting greater awareness and more role models in the industry – of which Osterberger is undoubtedly one – will create a snowball effect that will hopefully in the coming years be impossible to stop.

Yet for all the injustice which continues to pervade for women in STEM, moving out of one’s comfort zone will help move things faster. “I think just being really brave and saying yes to opportunities is really important,” says Osterberger. “I remember at university I tried not to take the coding classes because I thought I couldn’t do it, I might fail.

“I had to start studying coding at home secretly, so no-one would judge me – and it turned out I’m actually quite good at it.”

Picture credit: Women in Data/NBrown

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Google adds partners to real-time translation tools


Nicole Kobie

8 Jan, 2020

Google is bringing its real-time translation tools to businesses via Volara and Sonifi. 

Google Assistant’s interpreter mode already translates conversations in 29 different languages in real-time on supported smartphones and smart displays, but Google is now working with the two systems integrator partners to make it easier for businesses to make use of the system. 

The system uses a Google Nest Hub smart display, showing the translations on the screen and speaking them aloud. Volara and Sonifi will help rollout the technology, and offer consulting, training and technical support to customers. 

The aim is to offer instant translations for hotel desks, airports and other places where language challenges occur. Google suggested it was already in use at terminal four at JFK airport in New York, in airport lounges in Los Angeles, at Caesars casinos in Las Vegas, and even used by aid organisations Mercy Corps and Human Rights First. 

Lilian Rincon, Senior Director of Product Management for Google Assistant, explained in a blog post that interpreter mode has been used at JFK airport’s terminal four to help travelers get help finding luggage pickup, navigating the terminal, locating shops, and more, while staff are using the system to communicate more easily with passengers. «Of all customers in T4, 65% are international travelers, many of whom are visiting the US for the first time,» she said. «Flying can be very stressful for passengers, especially when struggling to understand the native language.»

Alongside the systems integrator partnerships for translation, Google announced new features for Google Assistant, including support for scheduled actions — meaning you can finally use Google Home to programme smart home devices for a specific time. 

Announced at CES, Scheduled Actions are one of several new features in Google Assistant, which the company said is now used by half a billion people globally, with support for more brands being added. 

Scheduled Actions means you’ll be able to choose an on/off time for compatible smart home gadgets. «For example, you can say, ‘Hey Google, run the coffee maker at 6 am’,» explained Manuel Bronstein, vice president of product for Google Assistant, in a blog post.

Bronstein added that it’ll now be easier to setup smart home devices using Google Assistant. «When you set up your smart device through the manufacturer’s app, you’ll receive a notification on your Android phone or see a ‘suggestion button’ when you open up the Google Home app that will prompt you to connect the device with your Assistant,» he said. «You’ll then be able to easily complete set-up in just a few taps without needing to re-enter your account credentials.»

Alongside the smart-home features, Google at CES also demonstrated Assistant reading aloud long-form content, such as news articles or short stories. «Unlike traditional screen readers, this experience is built on new voice datasets to create more expressive and more natural sounding voices, so it’s easier to listen for a longer period of time,» said Bronstein. Google is working on automatically translating such documents into different languages, as well as highlighting text as its read aloud.

Google also unveiled tools to share notes with the rest of your household, showing messages on smart displays without anyone needing to sign in — essentially, a digital post-it note — as well as new speed dials to more easily make calls. Both features will arrive later this year.

Travelex disruption caused by devastating ransomware attack


Keumars Afifi-Sabet

8 Jan, 2020

The foreign exchange company Travelex has confirmed the ongoing disruption to its services, which started on New Year’s Eve, are being caused by a successful ransomware attack.

The outage, which has lasted more than a week, has caused chaos for customers and partners alike who rely on these systems to conduct transactions.

Travelex had previously pinned disruption on a «software virus», in a statement released three days after the attack. The firm confirmed in an updated statement, however, the incident was indeed caused by a ransomware attack.

Additional reports suggest the perpetrators are demanding millions of dollars in exchange for the return of customer data.

Travelex first detected that a virus had compromised its services on 31 December and took all of its systems offline as a precaution to prevent the malware from spreading across its network any further.

Following days of speculation and media reports, the firm has finally confirmed the «software virus» that hit their systems was the ransomware known as REvil, with the name Sodinokibi also sometimes used.

The attack was a success, and the group behind the attack has demanded a ransom to the tune of $6 million (approximately £4.6 million), according to BBC News.

The attackers also claim they have taken approximately 5GB of customer data, and will only return this should the ransom be paid in full. This data is claimed to comprise dates of birth, national insurance numbers as well as credit card information.

The company says it’s taken steps to contain the spread of the ransomware, suggesting that although there has been some encryption, there remains no evidence that any customer data has been compromised.

Travelex also added in a statement that while it does not have a complete picture of all the data that has been encrypted, but «there is still no evidence to date any data has been exfiltrated».

These conflicting reports could suggest the attackers may be bluffing in claiming to have downloaded a cache of customer data. Many less well-resourced firms unable to conduct thorough assessments in the wake of such attacks, however, may deem these ‘bluffs’ as too risky to ignore, and pay any ransom demanded to secure safe return regardless.

«Our focus is on communicating directly with our partners and customers to protect them and their information from any further compromise,» said Travelex chief executive Tony D’Souza.

«We take very seriously our responsibility to protect the privacy and security of our partner and customers’ data as well as provide an excellent service to our customers and we sincerely apologise for the inconvenience caused.

«Travelex continues to offer services to its customers on a manual basis and is continuing to provide alternative customer solutions in the interim.»

A forensic analysis of the incident is underway, and the firm is working to fully recover its systems. Some internal systems have been restored, but disruption still remains on the customer and partner-facing side. This is reportedly affecting services of other firms such as HSBC and Tesco Bank.

Travelex says it’s in discussions with the National Crime Agency (NCA) and the Metropolitan Police, who are each conducting their own investigations into the breach.

There’s doubt as to whether Travelex has approached the Information Commissioner’s Office (ICO), however, despite the potential for data theft. The incident could constitute a violation of the General Data Protection Act (GDPR), should the attackers claims to have made away with customer data prove to be true.

«Organisations must notify the ICO within 72 hours of becoming aware of a personal data breach unless it does not pose a risk to people’s rights and freedoms,» an ICO spokesperson said.

«If an organisation decides that a breach doesn’t need to be reported they should keep their own record of it, and be able to explain why it wasn’t reported if necessary.»

Principal security consultant and head of penetration testing at Bridwell Consulting, James Smith, told IT Pro that Travelex has handled the initial fallout badly. The company should also learn from this incident, as well as past incidents, and build these teachings into a proper cyber resilience plan.

«Transparency is key in maintaining customer trust, especially for firms like Travelex in the financial services industry,» Smith said.

«Travelex has taken a long time to inform customers about what’s taken place, and placing a press statement on the website days after the event simply isn’t enough.

«Financial services firms like Travelex have a responsibility to their customers to keep them informed even if no data has been lost. This is especially important in light of the 2018 breach the company suffered in which the personal details of 17,000 customers were exposed.»

Ransomware is highly common, with this particular form of attack blighting countless numbers of businesses routinely each year.

Many companies and professionals, meanwhile, believe that, actually, paying the ransom is often a cheaper and simpler way to secure data and restore systems.

A Canadian laboratory, for example, was advised in late 2019 to pay hackers in order to retrieve 85,000 stolen data records, despite this action being against the general consensus among security experts.

Asked whether Travelex should pay the ransom, Smith added there is a debate to be had, but the negatives always outweigh the positives.

«If you pay, in theory, you regain access to your data and systems and business can continue. However, there’s no guarantee you’ll actually get access restored.

«There’s also no guarantee that the data hasn’t been stolen already, before it was encrypted. This is happening more and more in the industry and the likelihood that the data will be sold or stored by the hacker is great.

«Then, of course, there are the wider ethical considerations about paying attackers who could use the money to fund other criminal enterprises.

«If organisations have the right plans in place, such as replicating their data, having off-site backups and segregated networks, for example, the likelihood of having to answer the «pay or not pay» question is greatly reduced.»

The cloud news categorized.