"The budget supports the expansion of governmentwide efforts to counter the full scope of cyberthreats and strengthens our ability to collaborate with state and local governments, our partners overseas and the private sector," President Obama says.
As social media use grows, banking institutions need to be mindful of phishing and spoofing schemes. Anticipated guidance from federal banking regulators details how institutions can mitigate risks.
The SEC in 2011 issued staff guidance on disclosure obligations regarding cyber-risks and incidents. Now, Senate Commerce Committee Chairman Jay Rockefeller wants the SEC commissioners themselves to provide the guidance.
An administration spokeswoman says a House committee has made a good-faith effort to address White House concerns about the information-sharing bill, but contends fundamental priorities still haven't been addressed.
Community banks must address DDoS risks. But they need more support and direction from vendors and core processors to know which mitigation strategies to pursue.
The potential loss of experienced personnel could lead to a shortage of skilled employees and place a greater burden on the existing cybersecurity staff, as well as seriously affect the daily operations of the federal government.
U.S. banking institutions are reluctant to acknowledge - much less discuss - ongoing DDoS attacks. But in recent regulatory statements, the nation's largest banks are candid about DDoS and its impact.
NIST's Ron Ross sees complexity as the biggest risk enterprises face. To ease risk, Ross favors moving data to the cloud. Purdue's Eugene Spafford doesn't fully subscribe to Ross' plan. The two square off in this interview.
Financial institutions have benefited from information sharing, especially in the wake of recent cyber-attacks. But what more needs to be done? Paul Smocer of BITS explains.
For the second straight quarter, U.S. government statistics indicate that unemployment exists within the IT security profession. But even the government doesn't consider its numbers gospel.
Call center fraud is becoming a bigger problem for banks and credit unions, and one new scheme identified by a community bank in Georgia illustrates how scams are getting more difficult to detect.
What's the cost to an organization when it suffers a security breach and breaks trust with its own customers? Jeff Hudson, CEO of Venafi, presents results of a new survey on the cost of failed trust.
President Obama is concerned that a provision buried in a law he signed to keep the government running for the rest of fiscal 2013 would make it much tougher for four federal agencies to secure their IT.
A rider covertly added to the law to fund the government through September requires select agencies to assess technology purchases for cyber-espionage and sabotage, a process that could make it harder to buy wares to secure IT.
Illinois-based bank holding company QCR decided to make a shift in its online-banking platform strategy after a risk assessment revealed security enhancements and customer experience improvements were needed.
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