The FDIC's Donald Saxinger says vendor management programs are getting more scrutiny from regulators, especially in areas of emerging technology, such as cloud computing and mobile banking.
A total of 11 million Americans have been affected by major health information breaches since September 2009. So far in 2011, 2.7 million have been affected by 32 incidents.
In the wake of the recent debit card breaches in Ohio, impacted banks and credit unions have begun outreach to customers. Meanwhile, investigators still seek the source of the incident.
The new orders, signed a month ago by President Obama, detail when the military must seek presidential approval for a specific cyberassault on an enemy and weave cyber capabilities into U.S. war fighting strategy, the AP reports.
Authorities charged Ryan Cleary with distributed denial of service attacks on a British law enforcement agency that LulzSec claimed it hacked on Monday. Police also charged the suspect with attacks claimed by the group Anonymous against two music industry sites last fall.
Sen. Robert Menendez says regulators should have the power to compel banks to toughen IT security and offer timely customer notification of a breach. But if they don't, the Banking Committee member says in an interview, they should come to Congress to get that authority.
Dave Jevans of the Anti-Phishing Working Group says most U.S. banking institutions are ill-equipped to fight 2011's latest and greatest security threats, including automated malware.
The arrest followed an investigation into network intrusions and distributed denial of service attacks against a number of international business and intelligence agencies by what is believed to be the same hacking group.
To access a central data repository in the cloud, participants in a Chicago health information exchange now in development will use a virtual private network where all data traffic is encrypted, says Terri Jacobsen, director of the project.
Online and mobile banking are taking the world by storm - especially in the Asia-Pacific region. But many institutions are simply not prepared to manage security and privacy appropriately in these venues, says Gartner's Matthew Cheung.
The latest component of the U.S. Department of Veterans Affairs' ongoing effort to protect medical devices from malware is the creation of a centralized patch management system, says Randy Ledsome, the VA's acting director of field security operations.
Facebook's facial recognition feature clearly impacts the privacy profession and workplace by creating new challenges and raising significant concerns on the issue of trust.
As the Sony and Epsilon breaches show, privacy is now in the news media every day. And organizations need to be prepared to address the issue, says Trevor Hughes, executive director of the International Association of Privacy Professionals.
The video gaming company Sega says it brought down its online Sega Pass gaming because of unauthorized entry of its database, in which hackers obtained some members' e-mail addresses and encrypted passwords.
Be vigilant about online security, DHS says, as part of its Stop, Think, Connect cybersecurity awareness campaign. Users' money and identity are at risk without proper safeguards.
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