Security experts at this week's Gartner Security and Risk Management Summit agree: Security, not compliance, has to be the new focus. Cyberintrusions cannot be stopped, and the RSA breach should be a lesson to the industry.
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 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.
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.
Citi says only North American cardholders were affected by a recent breach of its online banking platform, though the tally of affected accounts has now jumped from about 200,000 to more than 360,000.
ADP is investigating a data breach that hit one of its corporate clients.
ADP did not name the client but said it is actively working with law enforcement to determine the cause of the incident.
Recent hacks have uncovered security vulnerabilities that should have been addressed years ago. "These attacks are going to escalate," says Josh Corman of The 451 Group. But organizations can implement basic steps to make the hackers' job harder.
Who's behind the International Monetary Fund breach? Some observers suggest the attack could have been waged by a government to access confidential information about the financial stability of certain global markets.
NRC CISO Patrick Howard is among three information security leaders who share their experiences, approaches and challenges from battling data breach incidents that had an impact on their organizations and their careers.
Details surrounding the reported breach of the International Monetary Fund remain sketchy, but alarming. And Gartner analyst Avivah Litan believes there may be "dozens" of similar incidents that have not been disclosed.
"This is yet another [incident] in what is turning into a major 'breach streak,' which will make all of us rethink what information security really means," says Mike Urban, senior director of fraud solutions for FICO.
"Eddie also will contribute to product strategy, marketing and technical evangelism for RSA," an RSA spokeswoman says. "This role will leverage Eddie's 20-plus years of security expertise."
Breaches will not slow anytime soon, and there's not much financial institutions and the payments chain can do to stop them. At this point, the best course of action for banks and retailers is to focus on damage control.
When a database breach occurs, consumer notification continues to be a public problem. And it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
Citigroup confirms that a breach of its online banking platform, Citi Account Online, may have exposed personally identifiable information about hundreds of thousands of Citi customers.
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