Xconomist of the Week: Stefan Savage on Computer Security

computer and network security today?

Stefan Savage: I think the answer here is relative to who you are, what the real threat is and what resources of value you need to protect. For most small-to-medium businesses, I suspect that the problem with the biggest potential for direct losses is still going to be ACH fraud. [The Automated Clearing House (ACH) network used by financial institutions to handle electronic deposits, checks, bill payments, and cash transfers between businesses and individuals.]

There is a vibrant ecosystem of attackers going after such accounts, and in many cases the small and medium businesses carry full liability for such losses—unlike consumer credit card losses. Still, businesses with valuable IP portfolios may face greater dangers from targeted data exfiltration.

Thankfully, attacks on cyber-physical systems (i.e., computer systems that control “real world” components: electricity, transportation, etc) are still more in the latent risk phase of evolution rather than a true “danger” today. While it’s fairly clear that these systems are vulnerable to attack, it’s not yet clear if there is a capable constituency whose immediate goals would be served by actually mounting such attacks.

X: Who came up with the idea for creating a Center for Automotive Embedded Systems Security?

SS: The genesis of this effort goes back about five years. Yoshi Kohno and I had been observing how automotive systems were both increasingly? computerized and then networked to the outside world. Our experience has been that this evolution inevitably leads to security issues and we figured that it was an ideal time to explore the

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.