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March 19: Carnegie Mellon CyLab Names Richard Power a Distinguished Fellow To Deliver Executive Briefings

Contact:

Chriss Swaney                   
412-268-5776
swaney@andrew.cmu.edu

Carnegie Mellon CyLab Names Richard Power
A Distinguished Fellow To Deliver Executive Briefings

PITTSBURGH—Carnegie Mellon University's CyLab has named internationally recognized security expert Richard G. Power a distinguished fellow. Power's work will include articulating best practices for security governance and delivery of security briefings to various industry sectors.

Power, a writer, editor and former director of global security intelligence at Deloitte Touche Tohmatsu, is the author of five books featuring insights into the development of world-class security programs and coming to grips with the 21st Century risk and threat spectrum.   

Richard Power "Richard is an excellent addition to our fast-paced Carnegie Mellon CyLab team which is developing innovative security technologies critical to the next generation of communication," said Pradeep K. Khosla, dean of Carnegie Mellon's College of Engineering and co-founder of Carnegie Mellon CyLab, a university-wide, multidisciplinary initiative that builds on more than two decades of university leadership in information technology. 

Power's latest book, "Secrets Stolen, Fortunes Stolen: Preventing Economic Espionage & Intellectual Property Theft in the 21st Century," co-authored with former covert CIA officer Christopher Burgess, sheds new light on corporate hacking, industrial espionage, counterfeiting and piracy, and provides a comprehensive guide to developing world-class defenses to these threats.
   
"Cyber attackers are making increasingly sophisticated intrusions into corporate computer systems, costing companies hundreds of billions annually," Power said.  "Some of these attackers have had the benefit of inside knowledge; some of them are insiders themselves."
   
One of Power's priorities will be researching the corporate governance of security and privacy. "Over the years, security professionals have focused on delivering the right message to the board of directors, but now we see that it is just as vital that the right message comes from the board room," Power said.
   
Another area of research that Power will pursue with the Carnegie Mellon CyLab team is creating a tool for assessing the cost and impact of a wide variety of security and privacy breaches. "We will survey Fortune 500 companies to determine their ability to assess financial losses resulting from such incidents, and develop better models for calculating these losses," Power said.
   
Peers and industry analysts applaud this effort to promote security and privacy governance and the development of models for accurately quantifying financial losses. 
   
"Taking and accepting risks is an expected and necessary function of any successful executive. In this era of global connectivity, assuring the executive understands the risk they are accepting requires a thorough understanding of both the physical and logical (cyber) threat landscape," said Burgess, who is now a senior security advisor at Cisco Systems Inc.  
   
In addition to leading security-training sessions for intelligence professionals and business leaders in more than 30 countries over the past decade, Power is the creator of the CSI/FBI Computer Crime and Security Survey.  The study, conducted in conjunction with the FBI Computer Crime Squad between 1995 and 2002, remains a widely referenced resource for computer crime data and analysis.    
                                                                     

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