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 and mitigate DDoS risks.
In an interview about DDoS threats and defenses, Joffe discusses:
Why community banks must consider...
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.
To prevent leaks, the National Security Agency is considering a number of measures, including reducing the number of systems administrators it employs, Director Keith Alexander tells a House committee.
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.
The information security industry needs to hit rock bottom, says Akamai's Joshua Corman. And then - to truly improve information risk management - it needs to develop a new, adversarial view of the world.
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.