The penalties paid out by HSBC and Standard Chartered Bank for violations to money-laundering regulations should serve as a wake-up call, says Kevin Sullivan. In fact, banking institutions should brace for more fines.
Members of the U.S. Congress may be more sensitive to cyberthreats than they were in the past, but that doesn't mean they truly all appreciate the risk key government and private-sector IT systems face, says House Cybersecurity Caucus Co-Chair Jim Langevin.
The answer seems obvious, especially in the context of IT security and information risk. Yet, is it, especially when developing codes and standards, as well as funding research and development initiatives that involve taxpayer money?
As the recent PATCO case shows, fraud litigation is moving away from just establishing damages. The key legal question now is: What is reasonable security? Attorneys discuss the 2013 fraud legal landscape.
A presidential executive order on cybersecurity under White House review, if issued, might help ease passage of cybersecurity legislation in the 113th Congress, which convenes in January, despite Republican objection to such a decree.
The individual implementing security - the chief information officer - can't be the same as the person responsible for testing security, conducting audit and reporting on security weaknesses, South Carolina Inspector General Patrick Maley says.
President Obama has proclaimed December as Critical Infrastructure Protection and Resilience Month, and is using that declaration to continue his campaign to get Congress to enact comprehensive cybersecurity legislation.
The leaders in Congress on cybersecurity matters are the chairs of the committees that have jurisdiction over IT security. In both houses, chairmanship changes mean new lawmakers will lead legislative initiatives on cybersecurity in the 113th Congress.
South Carolina's Revenue Department went nearly a year without a chief information security officer before its tax system was hacked this summer. The agency's chief says the state couldn't find a qualified candidate for the job that pays $100,000 a year.
Given the magnitude of sensitive information on Social Security Administration computers, the inspector general says, any loss of confidentiality, integrity or availability of systems or data could have a significant impact on the nation's economy.