SIGL($1.04): I see this one as a cybersecurity play...
Read today's news....
Major Wake-Up Call: Biden White House Issues Cybersecurity Executive Order After Colonial Pipeline Hack
After a ransomware attack that disrupted operations of a major oil pipeline that provides nearly half of the gasoline and jet fuel supplies to the East Coast, President Joe Biden issued a cybersecurity-focused executive order that his top officials argue will end the cycle of the nation simply waiting for the next incident to happen.
A 5,500-mile pipeline that funnels up to three million barrels of oil a day between Texas and New York, the Colonial Pipeline ground its operations to a halt after a ransomware attack that the FBI attributed to the Eastern European hacking group, DarkSide. The companys operations started up again on Wednesday, with White House Press Secretary Jen Psaki announcing there is an end in sight for a shutdown that prompted long gas lines by panicked consumers anticipating the worst.
The White House now says it is taking steps to prevent or gird for the next attack: The order creates an Energy Star type system apprising consumers of the safety of their software, establishes a newly formed Cybersecurity Safety Review Board, standardizes the federal response to cyber incidents, and facilitates information sharing between the federal government and the private sector.
Earlier tonight, President Biden signed an executive order to chart a new course to improve the nations cybersecurity, Psaki said in a statement Wednesday. This incident demonstrates that Federal agencies and the private sector must work collaboratively to learn the lessons of this incident, strengthen cybersecurity practices, and deploy technologies that increase resilience against cyberattacks.
The order also aims to improve detection and logging of cybersecurity incidents.
Asked during a press briefing about a single hack shutting down roughly 45-percent of the U.S. energy supply, Transportation Secretary Pete Buttigieg replied that the incident called for energy resilience and flexible infrastructure.
Weve now had, you could argue, two major wake-up call experiencesone in Texas, and now one hereeach with a different cause, but both reminding us about the work that we have to do as a country, Buttigieg said.
Senior administration officials emphasized to reporters in a press briefing that Colonial Pipeline hack did not fall in a vacuum.
Cybersecurity incidents like SolarWinds, Microsoft Exchange, and now the Colonial Pipeline incident are a sobering reminder that both U.S. public- and private-sector entities are very vulnerable to constant, sophisticated, and malicious attack from nation-state adversaries to run-of-the-mill criminals, a senior administration official told reporters in a press briefing on Wednesday.
For too long, we failed to take the necessary steps to modernize our cybersecurity defenses because doing so takes time, effort, and money, the same official added later. And instead, weve accepted that well move from one incident response to the next.
Former FBI assistant director Frank Figliuzzi, now a national security contributor for NBC News and host of the podcast The Bureau, gave the executive order high marks.
Weve all been saying this stuff for years, Figliuzzi told Law&Crime. Supply chain emphasis is great. Mandated service provider advisements are good, though that has been developing well. I would have liked to go a step further and mandate private sector standards when that sector involved a key infrastructure.
...In conjunction with this SIGL PR from March...
Signal Advance Applies Its Proprietary Technology to Transform Cybersecurity and Virtually Eliminate Remote Hacking
HOUSTON, TX / ACCESSWIRE / March 9, 2021 / Signal Advance, Inc. (OTC PINK:SIGL) today announced it has taken the first major steps toward development of Analog Guard, an encryption technology that exploits the Company's proprietary Signal Advance technology. The analog encryption system under development is expected to virtually eliminate remote hacking, transforming the cybersecurity sector.
Technological advances in such areas as e-commerce, mobile payments, cloud computing, Big Data and analytics, IoT, AI, machine learning, and social media, the main drivers for economic growth, have resulted in higher incidences of cyber-attacks and increased cyber risk for users and businesses. Cybe-crime is projected to cost over $6 trillion globally in 2021 (up from $3 trillion in 2015) and is more profitable than the global trade of all major illegal drugs combined (…according to the Cisco / Cyber-security Ventures 2019 Cybersecurity Almanac).
Analog Guard encryption integrates the Company's proprietary SA technology combination with multiple analog methodologies to provide unparalleled cybersecurity designed to eliminate remote hacking. The Company's proprietary analog encryption system is expected to provide superior cybersecurity protection for industrial and infrastructure control systems (e.g. SCADA, DCS, PLC, building controls, etc.), IoT devices and sensors, personal communications, wireless wearable devices, implanted medical devices, connected cars, as well as government, satellite, military defense and commercial data communications.
Dr. Chris M. Hymel, the Company CEO, stated: "With the development of Analog Guard, we believe it will be extremely difficult for cyber-criminals to mount attacks and nearly impossible to attack systems remotely."
About Signal Advance, Inc.
Signal Advance, Inc., an emerging technologies company, has developed and is now commercializing its proprietary system to improve response time performance in signal detection. Target markets for the technology include medical, commercial, industrial controls and communications, cybersecurity, industrial, transportation, IT and military defense. For more information, visit www.signaladvance.com
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors and other risks, including those set forth in the Company's Form 10-K filed with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and the Company undertakes no obligation to update such statements.
Contact:
Signal Advance, Inc.
713 510 7445
IR@signaladvance.com
SOURCE: Signal Advance, Inc.
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