Do we have any reason to believe that any targeted banking institution will be better prepared next week to ward off a distributed denial of service attack like those that rocked three banks this week?
"Any bug, beacon or backdoor put into our critical systems could allow for a catastrophic and devastating domino effect of failures throughout our networks," says Mike Rogers, chairman of the House Select Committee on Intelligence.
A wave of distributed denial of service attacks on banks raises the question: Should the owners of the nation's critical information infrastructure, when assessing risk, be held to a higher standard because society relies on them to function?
Visa's Eduardo Perez says a new end-to-end encryption service expected to launch in early 2013 will improve card security at the merchant level. What makes this new service superior? Perez offers details.
Banking institutions can expect more cyberattacks, including threats from nation-states, as the U.S. elections draw near. So they must take adequate security steps - and clearly explain them to their customers.
Charles Intriago says AML investments and controls need to be streamlined. And through a new association, Intriago aims to train a new kind of financial-crime specialist that is equipped to connect fraud-fighting dots.
The administration is exploring issuing an executive order to direct federal agencies to secure the nation's critical infrastructure by working with the private sector to develop security standards, says John Brennan, assistant to the president for homeland security and counterterrorism.
The continuing loss of data to China suggests that the federal government should carefully assess the cybersecurity implications associated with the expansion of Chinese cloud and mobile providers in the U.S.