New Report Examines the Future of Cyber

Tuesday, October 2, 2012 | 8:55 AM 10 comments

As data breaches and cyber attack threats continue to rise, it’s clear the cybersecurity market is booming. But with cyber legislation still stalled on Capitol Hill and an executive order from President Obama still looming, everyone from government officials to government contractors and corporate executives alike are considering their own measures to manage cybersecurity.

In a new, special report, the Washington Post took a deeper look at emerging cybersecurity opportunities, policies, procedures and threats for both the public and private sectors. Read more…

Iran Denies Charges of Cyber Attacks on US Banks

Monday, September 24, 2012 | 8:15 AM 6 comments

Just one month after reports surfaced that Iran was hit with yet another cyber attack, the country is back in the spotlight, this time being blamed for a series of cyber attacks on U.S. banks.

According to Reuters, the websites of Bank of America and JPMorgan Chase unexpectedly went down last week, with a source familiar with the issue telling the news agency that “massive denial-of-service attacks” were to blame.

But as the banks continue to investigate, some are already speculating that the attacks were a product of Iranian hackers, retaliating for U.S. and European sanctions against Iran’s financial institutions. Read more…

Leaked Draft of Executive Order Causes Cyber Stir

Monday, September 17, 2012 | 4:21 PM 5 comments

As the speculation that President Obama will issue an executive order on cybersecurity continues to grow, a draft of the order has reportedly been leaked and is raising concern over potential regulations.

According to the Associated Press, which obtained a copy of the draft E.O., the Obama administration is planning to issue new guidelines to protect the nation’s networks from looming cyber attacks. Read more…

Companies, Committees Take on Looming Cyber Threats

Friday, September 7, 2012 | 12:50 PM 21 comments

As news from the Democratic National Convention (DNC) dominated media headlines this week, with the party’s 2012 platform making an effort to address security concerns, across the globe, companies and committees alike are taking measures to take on looming cyber threats.

Over in China, Huawei Technologies, the world’s second-largest telecommunications company, this week published a white paper, calling on international collaboration to address emerging cybersecurity challenges. Read more…

Obama Administration Considers Cyber Options

Friday, August 31, 2012 | 9:04 AM 1 comment

With cyber threats to public and private sector entities on the rise and Congress doing little to assist, the Obama administration is considering the overhaul of an outdated initiative designed to protect the nation’s critical infrastructure from attacks.

According to Bloomberg, a revised draft of the Homeland Security Presidential Directive 7, developed back in December 2003, is being circulated among White House officials and advisors in an effort to revamp the proposal to address U.S. cybersecurity.

If put in place, the updated directive would chart a path for information sharing between federal agencies and private sector companies – a concept Capitol Hill has struggled with in hearings and debates year after year. Read more…

Federal Agency Audits Show Cyber Vulnerabilities

Friday, August 24, 2012 | 3:20 PM 2 comments

The U.S. Environmental Protection Agency is lagging behind on cybersecurity, according to a recent report published by the Government Accountability Office.

Released Monday, the 41-page report claims EPA, which houses a wealth of the nation’s environmental data, failed to update and secure several of its networks, devices, software and systems. Read more…

Cyber Threats Rise to Interplanetary Level

Friday, August 17, 2012 | 3:29 PM 2 comments

While cybersecurity legislation may be stalled on Capitol Hill, hacker groups large and small remain persistent in putting forth more targeted and malicious cyber attacks.

Just days after the Olympic Games ended in London, the UK’s Guardian reported that security advisers, in advance of the Games, warned that a cyber attack on the Olympics power supply was possible.

While some believed the odds of an attack were not viable, Read more…

Cyber Bill Stalls in the Senate

Friday, August 3, 2012 | 3:13 PM 4 comments

Democrats’ hopes for passing cybersecurity legislation were put on hold this week, as the Senate on Thursday failed to pass a bill aiming to protect the nation’s critical infrastructure from looming cyber attacks.

In a 52-46 vote, the Cybersecurity Act of 2012 fell short of the 60 votes needed to reach cloture to end debates.

After seeing several rounds of revisions, the scrubbed bill intended to offer incentives to the private sector for voluntarily sharing information with and meeting cybersecurity standards set by the government.

But in the recent weeks, more than 70 amendments were added to the bill “bombarding” it with provisions on privacy, as well as irrelevant issues on gun control and health care, according to CNETRead more…

Senate Votes to Move on Cyber Legislation in Last-Ditch Effort

Friday, July 27, 2012 | 1:57 PM 23 comments

Just one week after President Obama published an op-ed in the Wall Street Journal advising Congress to pass cybersecurity legislation to avoid “growing danger,” the Senate on Thursday voted to move forward with a bill attempting to address the issues at hand.

In an 84-11 vote, senators motioned to advance a revised version of the Cybersecurity Act of 2012, a bill that has seen its share of heated debates on the Hill and within the industry this year.

Co-sponsored by Sens. Joe Lieberman (I-Conn.), Susan Collins (R-Maine), Jay Rockefeller (D-W.Va.), Dianne Feinstein (D-Cali.) and Tom Carper (D-Del.), the amended legislation aims to offer incentives to the private sector for voluntarily meeting cybersecurity standards set by the government. Previous versions of the bill would have mandated such standards. Read more…

Report: Information Sharing Not Meeting Nation’s Needs

Friday, July 20, 2012 | 10:43 AM 2 comments

Improved cyber information sharing between the public and private sectors is integral in enhancing national security, according to a report released Thursday by the Bipartisan Policy Center’s Cyber Security Task Force.

As part of the Washington-based research organization’s Homeland Security Project, the task force advised that the current level of collaboration is not effectively protecting the nation and its critical infrastructure from potential cyber attacks.

Over a five-month span, from October 2011 to February 2012, more than 50,000 cyber attacks on both government and private sector networks were reported to the Department of Homeland Security (DHS), representing only a small portion of the attempted attacks on the US each year, the 19-page report noted. Read more…