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Each October, IT professionals throughout the industry observe Cybersecurity Awareness Month. Loyal readers find thought leadership and inspiration in various media, covering just about every possible angle on cybersecurity. For all of that is created and consumed during this period, it is disappointing to see how each year after all the thoughts have been shared, major security incidents continue to emerge. We need to begin to take stock of all the advice given during this month and put it to immediate practice.
The very nature of cybersecurity is a never-ending mission. The journey is multi-faceted and continually faces menacing, brooding threats. Thus, the lessons of Cybersecurity Awareness Month are many, perhaps too many for most to incorporate into immediate, tangible actions at once. The most important information you do need to know is that the state of cybersecurity is as volatile as ever and the mission can never stop growing and evolving. We must hold the line of vigilance and we need to continue to build the virtual fort in ever more intelligent, flexible ways.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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