Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
The best argument for enactment of a federal data breach protection law to replace 46 state statutes is that physical location is not relevant in a society that relies on mobile technologies, says public policy advocate David Valdez.
Patent infringement lawsuits that involve security practices are becoming more common in heavily-regulated industries. Organizations need to take several steps to be well-prepared, advises patent attorney James Denaro.
Most organizations rate their mobile device security efforts as poor, in need of improvement or just adequate, according to the latest ISMG survey. So where are the security gaps? Malcolm Harkins of Intel offers insights.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
DDoS attacks on U.S. banks will continue, and community institutions may well be the next major targets. Rodney Joffe of Neustar offer tips for how smaller institutions can assess DDoS risks and improve DDoS mitigation.
In an interview about DDoS threats and defenses, Joffe discusses:
Why community banks must...
Robert Bigman, former CISO at the CIA, says many government agencies and other organizations have yet to take adequate steps to prevent rogue systems administrators from accessing sensitive information on systems they manage.
Reports of account takeover incidents have increased in the last 18 months, yet losses have remained steady, says former federal banking examiner Amy McHugh, who analyzes what security measures are working and what still needs to be done.
Security and privacy professionals should be cautious about the type of information they share with the federal government's intelligence community, says Peter Swire, a former White House privacy counselor.