IT security provider Mandiant issues a comprehensive report documenting how a Chinese army unit has for years been hacking into the computers of businesses and governments in mostly English-speaking nations, especially the United States.
President Obama, in his State of the Union address, says the executive order will strengthen the nation's cyberdefenses by increasing information sharing with business and developing standards to protect national security and privacy.
Although a hacktivist group says it has suspended distributed-denial-of-service attacks on U.S. banking institutions, banking and security leaders aren't convinced. "Banks should certainly remain on guard," says Gartner's Avivah Litan.
The proposal, in the form of a bill, lays out a framework that can balance the needs and concerns of government and the private sector and keep Americans safe, says Sen. Tom Carper, one of the measure's chief sponsors.
The hacktivist group Izz ad-Din al-Qassam Cyber Fighters claims that its second phase of distributed-denial-of-service attacks has affected nine banks since Dec. 11, and it warns more attacks are on the way.
Hacktivists on Christmas Day announced new plans for more DDoS attacks against U.S. banks, and it appears Citi was among the first hit, although the attackers named no specific targets in their latest threat.
Leaders at four security technology companies say the recent distributed-denial-of-service attacks against 10 U.S. banks highlight the need for new approaches to preventing and responding to online outages.
Both candidates have made fleeting references to cybersecurity during the presidential campaign, but neither has addressed the matter in detail. How different would a President Romney be from a second-term President Obama?