Global Cybersecurity Summit 2017: Are cybersecurity dollars being spent effectively?

A panel of experts at the Global Cybersecurity Summit in Kiev, Ukraine discuss where to allocate the billions of dollars spent on cybersecurity.

GCS 2017 panel: Is cybersecurity money spent in the right place?

TechRepublic's Dan Patterson hosted a panel at the Global Cybersecurity Summit in Kiev, Ukraine, with guests Victor Gevers, Aleksander Potii, and Aleksander Korneiko to discuss past efforts against cyber threats and how to be more effective with cyber defense moving forward.

SEE: Threat intelligence: Forewarned is forearmed (Tech Pro Research)

Gevers, ethical hacker and chairman of the GDI foundation, noted that the internet is still full of known vulnerabilities. While efforts to protect people and companies against attacks have improved, Gever expressed that we have a long way to go. Recent attacks have been more targeted than ever, with vulnerabilities used in the attacks dating back to 2009 and 2010, Gever said. The issue is no longer knowing the technology, it's knowing how to deal with it.

Potii, a professor at the Kharkiv Aviation Institute, emphasized the importance of privacy and education in cybersecurity. In order to protect confidentiality of private information, people need to be educated on how to protect themselves, Potii said. He pushed for funds to be channeled towards creating hardware and software that is secure from the start.

Korneiko, founder and president of the Scientific NGO at the Ukrainian Academy of Cyber Security, seconded many of Potii's statements about cybersecurity. Education is vital for cybersecurity to be successful, but young people need incentives to climb aboard, Korneiko explained.

All three agreed that money would be best used towards education. By teaching people about the dangers of cyberthreats, more people will want to be protected and find ways to help, the panel suggested. Gevers ended the discussion by highlighting how beneficial hackers would be as educators. With hackers recruited into cybersecurity, the defeat of cyber threats could be on the horizon. Who better to protect against hackers than the very people who know how the attacks are created?

The 3 big takeaways for TechRepublic readers

  1. Cyberattacks are being conducted on vulnerabilities that date back to the mid-2000s. While protection has improved since then, the old vulnerabilities are still fair game.
  2. Cybersecurity dollars should be spent on educating people on threats and how to handle them.
  3. Hackers could be a vital resource if brought over to the cybersecurity side. If taught how to hack ethically, these hackers would morph into educators on cyberdefense.

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