The business world has raised serious concerns recently about potential liability stemming from sharing otherwise-private information with the government and other organizations in light of widespread data-breach apprehension. In March, following the issuance of a presidential executive order, leaders at more than 30 major companies pressed Congress for federal legislation that would shield private industry from liability related to a host of potential problems that arise with cybersecurity and information sharing. Understandably, some of the most serious concerns have been raised by the financial and healthcare industries.Congress responded with the introduction of a bill known as the National Cybersecurity Protection Advancement Act, which was proposed by two Republican representatives from Texas (including the chair of the Homeland Security Committee) on April 13. It proposes a two-tiered approach to “scrubbing” personal information from data shared … [Read more...] about Hacking Into Cybersecurity Threats
Understanding cybersecurity threats to americas aviation sector
In 2015, cybercriminals will increasingly be non-state actors who monitor and collect data through extended, targeted attack campaigns, McAfee Labs predicts. In the group’s 2015 Threats Predictions, Intel Security identified internet trust exploits, mobile, internet of things and cyber espionage as the key vulnerabilities on next year’s threat landscape.“The year 2014 will be remembered as ‘the Year of Shaken Trust,’” said Vincent Weafer, senior vice president of McAfee Labs. “This unprecedented series of events shook industry confidence in long-standing Internet trust models, consumer confidence in organizations’ abilities to protect their data, and organizations’ confidence in their ability to detect and deflect targeted attacks in a timely manner. Restoring trust in 2015 will require stronger industry collaboration, new standards for a new threat landscape, and new security postures that shrink time-to-detection through the … [Read more...] about McAfee Labs Predicts Top Cybersecurity Threats for 2015
FINRA to Examine Broker-Dealers for Cybersecurity ThreatsIn its 2014 Regulatory and Examination Priorities Letter, FINRA noted that cybersecurity remains a priority and that it will focus on "the integrity of firms’ policies, procedures and controls to protect sensitive customer data." In line with this priority, FINRA announced a Targeted Examination Letter detailing its intention to conduct an assessment of firms’ approaches to managing cybersecurity threats, which FINRA noted may cause potential harm to investors, firms, and the financial system as a whole. FINRA intends to survey and assess about 20 firms with a variety of business models. FINRA’s assessment will focus on areas relating to cybersecurity, including:business continuity plans in the event of a cyber-attack;understanding concerns and threats faced by the industry;assessing the impact of cyber-attacks on the firm over the past year;training programs;insurance coverage for cybersecurity-related events; … [Read more...] about FINRA (Financial Industry Regulatory Authority) to Examine Broker-Dealers for Cybersecurity Threats
On 16 January 2016, the United States and the EU lifted certain sanctions against Iran in compliance with the Joint Comprehensive Plan of Action (JCPOA) agreed among Iran, China, France, Germany, the Russian Federation, the United Kingdom and the United States. January 16, 2016 was the day on which the International Atomic Energy Agency (IAEA) certified that Iran had met certain milestones set forth in the JCPOA toward dismantling the military aspects of its nuclear program. On the same day, the United States and the EU announced the lifting of sanctions consistent with the announcement of Implementation Day.How does the lifting of sanctions affect the international aviation sector? The relevant changes are outlined below. 1. Overview of EU changes As of January 16, 2016, all nuclear-related economic and financial EU sanctions against Iran have been lifted by the EU. The decision was taken by the EU following the presentation of the report by the Director-General … [Read more...] about US and EU Iran Sanctions Lifted: How to Proceed in Aviation Sector?
A water treatment facility releases millions of gallons of wastewater into an environmentally sensitive river system. Power fails in a northern city already struggling to stay warm during a cold spell. Information systems we increasingly rely on, including cellphones and email, are blacked out and families have no means to communicate with each other. These are scenes reminiscent of the aftermath of Hurricane Sandy, but they could just as easily be a preview of emerging cybersecurity threats to our entire nation.The same digital revolution that has been a boon for the world economy is also a target of attack for hackers, organized crime, terrorists and nations that hope to steal personal, corporate and government information, as well as disrupt commerce and military operations.Our world—banking, medical histories, defense research, confidential client records—is online and vulnerable. Information technology has made private data more accessible, and its integration into … [Read more...] about Digital Dangers: ABA Pursues Practical and Legislative Responses to Cybersecurity Threats