Cyber threats are the “new normal” for the financial services industry, according to Booz Allen in its annual list of the “Top Financial Services Cyber Security Trends for 2014.”
Kroll's annual Cyber Security Forecast highlights seven trends identified by Kroll and suggests that a changing tide in cyber standards, both social and legal, will require organizations to take stronger actions and safeguards to protect against reputational, financial and legal risks in 2014.
Mobile shopping is expected to increase dramatically this holiday season – mobile commerce spending on smartphones and tablets in the U.S. increased $5.8 billion in Q3, however, during the same period, mobile malware threats increased 26 percent, making consumers more than more vulnerable to mobile cyber attacks.
In last month’s column, we explored the Top Five Reasons to Report Computer Intrusions to Law Enforcement. This month’s column will provide you with a sense of what your company, as a victim of a computer intrusion, should expect when working with the Feds.
In an effort to thwart snooping from the NSA and other entities, Twitter has implemented "perfect forward secrecy," which should make it impossible to decrypt any stolen or eavesdropped communication in the future.
Vermont confirmed that a security breach of the state’s health-care exchange Web site gave at least one user access to another resident’s Social Security number.
Hackers reportedly stole 42 million customer records, including email addresses and clear-text passwords, from Cupid Media’s network of dating websites. A file containing the Cupid Media user data was found on the same server where hackers also stored millions of records stolen from Adobe, PR Newswire, the U.S. National White Collar Crime Center and other organizations.
New York financial regulators have surveyed more than 200 banks and other financial institutions about their cyber security and will soon expand their analysis to insurers with trillions of dollars of assets, according to an Associated Press report.
New York Governor Andrew Cuomo announced Monday that the New York State Intelligence Center has relocated to the Center for Internet Security in East Greenbush, New York, putting the state’s primary cyber security protection agency under the same roof as a leading nonprofit organization dedicated to enhancing cyber security readiness and response around the globe, according to a Long Island press release.
The legal consequences of cyberattacks, such as class-action lawsuits on behalf of victim third-parties, are a growing worry of business owners, and businesses without cyber insurance are vulnerable to cybercrime and any consequential litigation, according to Solace Insurance.
RSS
