Draft legislation circulating in the Senate, if enacted, would serve as Congress' endorsement of President Obama's order to create best practices that industry could voluntarily adopt, says Jacob Olcott, the former counsel to the committee that wrote the bill.
A new incident response publication coming from the National Institute of Standards and Technology will include guidance on how to form circles of trust - networks of IT security experts spanning multiple organizations, says NIST's Lee Badger.
Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
The best argument for enactment of a federal data breach protection law to replace 46 state statutes is that physical location is not relevant in a society that relies on mobile technologies, says public policy advocate David Valdez.
Whether or not Congress enacts cyberthreat intelligence sharing legislation, the IT security community is moving forward with its own information sharing initiatives, MS-ISAC Chairman William Pelgrin says.
Most organizations rate their mobile device security efforts as poor, in need of improvement or just adequate, according to the latest ISMG survey. So where are the security gaps? Malcolm Harkins of Intel offers insights.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
DDoS attacks on U.S. banks will continue, and community institutions may well be the next major targets. Rodney Joffe of Neustar offer tips for how smaller institutions can assess DDoS risks and improve DDoS mitigation.
In an interview about DDoS threats and defenses, Joffe discusses:
Why community banks must...