CFTC Holds Cybersecurity Roundtable March 18
Posted on Mar 24, 2015 in Financial Services | Comments Off on CFTC Holds Cybersecurity Roundtable March 18
As noted in our previous entry, staff from the Commodity Futures Trading Commission (CFTC) held a Public Roundtable on Cybersecurity and System Safeguards Testing on March 18, 2015. The Roundtable, which included participants from the private sector and government agencies, could be a kick-off event for a larger CFTC initiative to address issues related to cybersecurity. The Roundtable...
Director McRaith Outlines FIO’s Cybersecurity Objectives
Posted on Mar 23, 2015 in Financial Services | Comments Off on Director McRaith Outlines FIO’s Cybersecurity Objectives
On March 17, Federal Insurance Office (FIO) Director Michael McRaith outlined FIO’s main cybersecurity objectives for the insurance industry at Networks Financial Institute’s 11th Annual Insurance Public Policy Summit in Washington, D.C. Speaking to an audience that included insurance industry professionals and lobbyists, McRaith detailed the objectives as follows: Support the...
Hackers Gonna Hack—FINRA’s Report on Cybersecurity Practices Assists Firms in Responding to Threats
Posted on Feb 5, 2015 in Financial Services | Comments Off on Hackers Gonna Hack—FINRA’s Report on Cybersecurity Practices Assists Firms in Responding to Threats
On February 3, 2015 the Financial Industry Regulatory Authority (FINRA) released its long-awaited Report on Cybersecurity Practices, a broad overview of the state of play in the cybersecurity arena for broker-dealers. (Although FINRA has examined only broker-dealers, its Report is helpful for the entire securities industry.) The Report is the culmination of FINRA’s 2014 targeted...
NIST Guidance Encourages Coordinated Incident Response
Posted on Dec 23, 2014 in Uncategorized | Comments Off on NIST Guidance Encourages Coordinated Incident Response
The National Institute of Standards and Technology (NIST) has proposed guidance on cyber threat information sharing. In its October 2014 draft, NIST seeks to leverage shared information to enhance cybersecurity through coordinated incident response. Specifically, NIST recommends that, to enhance its cybersecurity posture and ability to respond to a cyber incident, an organization...
Federal Cybersecurity Legislation Signed into Law
Posted on Dec 23, 2014 in Government | Comments Off on Federal Cybersecurity Legislation Signed into Law
New cybersecurity legislation provides for cybersecurity information sharing and codifies the process for the National Institute of Standards and Technology (NIST) to adopt a Cybersecurity Framework. The set of cybersecurity bills were signed into law on December 18, 2014. The National Cybersecurity Protection Act of 2014 establishes within the Department of Homeland Security (DHS) a...
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