Lessons Learnt From Sony Corp (ADR) (SNE)’s Entertainment Unit Hack: John Lucich

The United States imposing economic sanctions on North Korea in the wake of Sony Corp (ADR) (NYSE:SNE) being hacked continues to elicit debate as to whether it is the responsibility of companies to protect their networks or the responsibility of the government. During an interview on Fox Business Network Security Group CEO, John Lucich, reiterated that it is the responsibility of companies to shield their networks from any potential cyber attacks

“The government is not responsible to corporations they have to take that on as their own task. What the corporations are doing wrong is that they believe security is tied into products firewall intrusion detective system. Yet every place that has been broken into has these devices,” said Mr. Lucich

Some companies are already fighting back in an attempt of averting any future Sony Corp (ADR) (NYSE:SNE) similar attacks on their networks by luring hackers into attacking fake computers with decoy computers and files. Lucich attributes the recent wave of attacks to IT departments lacking sufficient information regarding network security especially on how it should be carried out.

Ignorance has also played a big role in many networks being left vulnerable to attacks. Seen by the way Sony Corp (ADR) (NYSE:SNE)’s IT department opting not secure a basic a vulnerability on Sony Pictures consequently providing hackers with an easy access point. Hackers are most of the time known to leave back doors after an attack that are usually used to propagate future attacks if a  network is not cleansed

Sony Pictures systems have reportedly been damaged so bad that the company does not know if the hackers are completely out of the network. It might take some time before Sony Corp (ADR) (NYSE:SNE) can be able bring the entertainment unit back to normalcy

MainNerve CEO, Bruce Parkman believes companies should be forced to have cyber security protection systems as one of the ways of averting future attacks.

“What bothers me a lot is that the federal acquisition regulation governs government contracting right now, and there are no stipulation within that regulation that requires companies to have cyber security measures in Place,” said Mr. Parkman

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