A silver lining is emerging behind the rash of breaches that occur all too regularly. The fact that these breaches make the public more aware of the vulnerabilities is encouraging in efforts to make the Internet safer for all.
Bankers aren't waiting for the FFIEC to act on the release of its updated online authentication. Instead, they've already begun to comply with the major points recommended in the draft. And the death of Osama bin Laden has heightened concerns terrorists' efforts to launder money through legitimate banking channels.
Personalized medicine research, which relies on genetic information paired with electronic health records, could pave the way for many treatment breakthroughs. But because of the sensitive nature of the information involved, pioneers in this field must take extra privacy and security precautions.
Wire fraud incidents from China prove current security measures, including multifactor authentication, are too easy to bypass. And security pundits say it all points back to why the financial industry needs more guidance about adequate online security.
"Our security teams were working very hard to defend against denial of service attacks, and that may have made it more difficult to detect the intrusion quickly, all perhaps by design," Sony Computer Entertainment America Chairman Kazuo Hirai said in a letter to Congress.
From mobile devices to social media and cloud computing, IT governance is all about risk management. "You can't de-risk everything, but you can de-risk the majority of circumstances you will see in normal operations," says governance expert Robert Stroud.
Four years ago, the Council of Registered Ethical Security Testers began as an organization to bring standardization to the penetration testing industry. Today, CREST's scope is expanding across industries and global regions, says president Ian Glover.
The U.S. Supreme Court heard arguments Tuesday in a healthcare privacy case dealing with the power of states to bar data mining companies from selling information about doctors' prescription-writing habits to drug companies.
After firing off a letter to Apple Computer CEO Steve Jobs that questions the secret tracking, Sen. Al Franken schedules a May 10 hearing before a Senate Judiciary subcommittee he chairs on protecting mobile privacy.