Banks need to take a proactive approach toward improving their business continuity planning, and that includes updating services and evaluating business-impact assessments, says Donald Saxinger of the FDIC.
"It's not enough to know the architecture of the breach system," says Michael Aisenberg of MITRE Corp. "Leaders have to understand the different jurisdiction of where they do business, where their customers are and which breach law applies."
Security experts at this week's Gartner Security and Risk Management Summit agree: Security, not compliance, has to be the new focus. Cyberintrusions cannot be stopped, and the RSA breach should be a lesson to the industry.
The new orders, signed a month ago by President Obama, detail when the military must seek presidential approval for a specific cyberassault on an enemy and weave cyber capabilities into U.S. war fighting strategy, the AP reports.
Authorities charged Ryan Cleary with distributed denial of service attacks on a British law enforcement agency that LulzSec claimed it hacked on Monday. Police also charged the suspect with attacks claimed by the group Anonymous against two music industry sites last fall.
Sen. Robert Menendez says regulators should have the power to compel banks to toughen IT security and offer timely customer notification of a breach. But if they don't, the Banking Committee member says in an interview, they should come to Congress to get that authority.
The arrest followed an investigation into network intrusions and distributed denial of service attacks against a number of international business and intelligence agencies by what is believed to be the same hacking group.
Online and mobile banking are taking the world by storm - especially in the Asia-Pacific region. But many institutions are simply not prepared to manage security and privacy appropriately in these venues, says Gartner's Matthew Cheung.
As the Sony and Epsilon breaches show, privacy is now in the news media every day. And organizations need to be prepared to address the issue, says Trevor Hughes, executive director of the International Association of Privacy Professionals.