Federal regulators won't speculate about how many more financial institutions could be shuttered in 2011, but the number isn't expected to exceed 2010, the most recent "peak" year for failures.
Nearly three months after revelation of a year-long information security breach that exposed personal information of some 3.5 million people at the Texas state comptroller's office, the comptroller has named a new chief information security officer and chief privacy officer.
The Obama Administration's cybersecurity proposal for breach notification will require collaboration among differing financial-services providers, within and across borders, says Leigh Williams of BITS.
More organizations that run health information exchanges are offering patients the opportunity to provide more specific levels of consent for the exchange of their records, a new survey by the advocacy group eHealth Initiative shows.
As a report of one of the worst digital assaults against the Pentagon surfaces, Deputy Secretary William Lynn III unveils a new Defense Department cyberspace strategy in which the Pentagon will more actively defend military and defense industry systems and networks.
By leveraging infrastructure that exists, a DoD-DHS-private sector cyber pilot suggests the nation can provide substantial additional protections across its critical infrastructure for only a fractional increase in cost.
In one of the largest health information breaches reported so far this year, Spartanburg Regional Healthcare System in South Carolina has notified 400,000 of an incident involving the theft of a desktop computer from an employee's car.
"Our role is changing in the fact that we see fraud being perpetrated in a new manner everyday via malicious software, banking Trojans and online theft," says Jean-François Legault, senior manager of forensics and dispute services at Deloitte.
The Department of Veterans Affairs recently completed rolling out its Medical Device Isolation Architecture as part of an ongoing effort to protect medical devices from malware.
So far, 66 banks and credit unions have failed in 2011. In comparison, 100 institutions had failed by this time in 2010. The FDIC's 'Problem Institutions' list also shows signs of leveling off for the first time since 2008.
As international ACH transactions increase, banking institutions can't just think about passing a security compliance audit. Effective and efficient monitoring will be keys to mitigating fraud risks.
Booz Allen didn't specifically address what was breached, but the hacking group Anonymous says it pilfered a list of some 90,000 military e-mails address from the company's computers..
Keeping data secure is the greatest challenge during any merger or acquisition, and the first critical step is figuring out which confidential information could be at risk of exposure.
"The U.S. and Russia are committed to tackling common cybersecurity threats while at the same time reducing the chances a misunderstood incident could negatively affect our relationship," says White House Cybersecurity Coordinator Howard Schmidt.
Eddie Schwartz didn't shy away from the offer to become RSA's first chief security officer after the security firm experienced a sophisticated advanced-persistent-threat breach. Instead, Schwartz embraced the hack as the reason to take the job. (See RSA to Get Its First Chief Security Officer.)
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