The OCC's DDoS risk warnings to community banks may indicate more regulatory scrutiny is on the way. Banks should prepare for more oversight of their cyber-attack reporting and threat mitigation practices.
National Security Agency Director Keith Alexander declined to say that the agency would stop using contractors in top secret IT positions to prevent a leak such as the one that exposed NSA programs to collect metadata on American citizens.
The participation of Microsoft and other software vendors in an operation to take down 1,400 Citadel botnets illustrates why more public-private collaboration is needed to tackle emerging cybercrimes, operation participants say.
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
Regulations initially cause organizations to spend more funds on data breaches, but eventually those rules could save enterprises money, the Ponemon Institute's Larry Ponemon says in analyzing his latest study on breach costs.
Collecting massive amounts of data on individuals, whether in the government or private sector, has become the norm in our society. It's not quite Orwellian, but it's a situation we might have to learn to live with.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.