The database has become the main target for hackers and negligent insiders, as the insider breach at Bank of America showed. A recent survey highlights the need for financial institutions to enhance security measures to mitigate threats and losses.
Leigh Williams says preventing online data breaches requires cooperation within the online ecosystem from domestic and international organizations. Spearheading and maintaining that cooperation requires federal oversight, he contends.
"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.
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.
The video gaming company Sega says it brought down its online Sega Pass gaming because of unauthorized entry of its database, in which hackers obtained some members' e-mail addresses and encrypted passwords.