The Office of the Comptroller of the Currency is the first major U.S. banking regulator to issue updated guidance on third-party risks. What are the key tenets, and what should institutions expect next?
Purdue University's Eugene Spafford discusses the ethical issues that have been brought to the forefront by former NSA contractor Edward Snowden's leaks of classified details on a number of top-secret government surveillance programs.
The initial phase of the continuous diagnostics and mitigation initiative, a new program to secure government computers, concentrates on helping federal agencies identify and manage their software and hardware assets.
Organizations collect a wealth of information as part of their governance, risk and compliance programs, and security professionals are missing out on important insights if they don't take advantage of it.
In the next five years, the federal government will work to centralize for civilian agencies' networks a way of identifying cyberflaws and employing diagnostic tools to remediate them, the Department of Homeland Security's John Streufert says.
To mark his induction into the National Cyber Security Hall of Fame, Purdue University Computer Science Professor Eugene Spafford offers insights on key challenges, including overcoming senior executives' misperceptions about key issues.
Regulators need to do a better job of notifying banks promptly when they find severe security flaws at third parties, especially core banking processors. And community banks need to collaborate on assessments of third-party risks.
In the wake of an ongoing stream of merchant and payment processing breaches, the FDIC is reminding smaller banking institutions that they are ultimately responsible for ensuring the security of cardholder data.
It's been four years since federal officials began tracking major healthcare data breaches. What important lessons can be learned from the causes of these breaches as well as HIPAA enforcement actions by federal regulators?
John Streufert, the DHS director overseeing the rollout of a federal continuous diagnostic initiative to mitigate IT systems vulnerabilities, expects that many state and local governments will participate in the program.
Citi's settlement with two states over a breach that exposed 360,000 cards will likely set an example for other states. One expert says banking institutions will likely pay more damages when accounts are compromised.
The massive initiative to deploy continuous monitoring at U.S. federal government agencies will be done in phases, with the initial rollout occurring over three years, the Department of Homeland Security's John Streufert says.