"It should provide fuel for anyone calling for data breach legislation to include criminal sanctions ...," says Neal O'Farrell of the Identity Theft Council. "This was nothing short of a clumsy cover-up."
All 4.9 million TRICARE military health plan beneficiaries that were affected by a recent data breach will be notified by mail, but they won't be offered free credit monitoring services.
Deputy Defense Secretary William Lynn III cautions that cuts to IT security initiatives, when they come, must be carefully applied, and certain areas must remain exempt from the budget ax, such as cybersecurity.
"Organizations are putting in layers of security and tools to safeguard information and assets, however, the fraudsters are attacking our weakest link, the consumer," says Anthony Vitale of Patelco Credit Union.
Involving all departments in planning for worst-case disasters is one important lesson an emergency manager at Memorial Sloan Kettering Cancer Center in Manhattan learned from Hurricane Irene.
UBS's $2 billion loss to rogue trading provides lessons for all banks. What's missing in today's financial institution culture is a balance between profits, ethics and governance, says risk management expert Frances McLeod.
"With a company-issued device, you can issue a policy that says users have no rights of privacy over information on the device," says Javelin's Tom Wills. But with employee-owned devices? A whole new set of issues.
RSA Chief Executive Art Coviello challenged a widespread belief that cybersecurity awareness could curb cyberthreats: "There's no amount of consumer education to make them smart enough to resist attacks. They're just too sophisticated."
From the earthquake in Japan to Hurricane Irene in the U.S., organizations worldwide have found their business continuity and disaster plans tested. But what lessons must we draw from these incidents?
Ten years after the 9/11 attacks, many organizations still need to do a better job of monitoring their networks for threats, says security specialist Mac McMillan.
Elayne Starkey recently gave up her BlackBerry for an iPhone, and uses the Apple mobile device for personal and work doings, securely connecting to the computer system of her employer, the state of Delaware.
BofA's announcement to charge customers for debit transactions is likely just the beginning, as banks across the U.S. react to debit interchange cuts that take effect Oct. 1.
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