The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
In a Feb. 13 keynote speech at a cybersecurity summit, President Obama described the cyberworld as the "wild, wild West" and the American government as the sheriff. Then he signed an executive order aimed at boosting cyberthreat information sharing.
On the heels of the FFIEC's new business continuity guidelines, Deputy Comptroller Beth Dugan hints that new guidance related to cybersecurity risks affecting payments and mobile transactions may be coming.
Congressional investigators for the first time are designating protecting the privacy of personally identifiable information as a high risk area within the federal government and calling on Congress to enact new legislation to enhance PII safeguards.
Enterprise IT administrators are being urged to immediately patch a flaw that affects every Windows system released for the past 15 years. Attackers could remotely exploit the flaw to take control of a device and run any code of their choice.
A new federal cyberthreat intelligence center could help the government build more resilient networks and better identify cyber-attackers, leading to arrests and punishments, says Harry Raduege, a former top Defense Department IT leader.
As hack attacks, such as the breach of Anthem Inc., become more common, it's more critical than ever for organizations to carry out an "adaptive defense model" to protect sensitive information, says Dave Merkel, chief technology officer at FireEye.
The Federal Reserve, which just two weeks ago announced a plan for faster and more secure payments, now says it's prepared to play a more hands-on role if private sector progress with the rollout lags.
President Obama twice threatened to veto info sharing bills sponsored by Rep. Mike McCaul. So when the Texas Republican backs the Democratic president's plan for a cyberthreat intelligence center, you've got to think it's a great idea. Maybe, maybe not.
The Obama administration has announced creation of a federal agency to analyze information culled from other agencies to battle cyberthreats to the government and the private sector. But the action is already drawing criticism.
In the wake of the cyber-attack against Anthem Inc., New York's Department of Financial Services has announced plans to conduct cybersecurity assessments of insurers doing business in the state. Experts say other states may follow New York's lead.
It's barely a drop in the bucket, but President Obama is earmarking $7 million of his nearly $4 trillion federal budget to help NIST provide stronger cryptographic solutions and privacy-enhancing tools.
Technologies that allow companies to analyze cyberthreats are evolving and soon should provide better intelligence to mitigate attacks, says Jim Anderson, a president at BAE Systems Applied Intelligence.
Anthem believes that the breach that has exposed up to 80 million individuals' information possibly began after a handful of employees fell victim to a phishing attack. Other attackers appear to be using the breach as a lure for their own phishing campaigns.