With many focusing on the recent Cyber Polygon exercise, less attention has been paid to the World Economic Forum’s real ambitions in cybersecurity – to create a global organization aimed at gutting even the possibility of anonymity online. With the governments of the US, UK and Israel on board, along with some of the world’s most powerful corporations, it is important to pay attention to their endgame, not just the simulations.
Amid a series of warnings and simulations in the past year regarding a massive cyber attack that could soon bring down the global financial system, the “information sharing group” of the largest banks and private financial organizations in the United States warned earlier this year that banks “will encounter growing danger” from “converging” nation-state and criminal hackers over the course of 2021 and in the years that follow.
Ending Anonymity: Why The WEFâs Partnership Against Cybercrime Threatens The Future Of Privacy
Published: July 11, 2021
With many focusing on tomorrow’s Cyber Polygon exercise, less attention has been paid to the World Economic Forum’s real ambitions in cybersecurity – to create a global organization aimed at gutting even the possibility of anonymity online. With the governments of the US, UK and Israel on board, along with some of the world’s most powerful corporations, it is important to pay attention to their endgame, not just the simulations.
Amid a series of warnings and simulations in the past year regarding a massive cyber attack that could soon bring down the global financial system, the “information sharing group” of the largest banks and private financial organizations in the United States warned earlier this year that banks “will encounter growing danger” from “converging” nation-state and criminal hackers over the course of 2021 and in the ye
Published May 25, 2021 •
Updated on May 25, 2021 at 10:50 pm
NBC Universal, Inc.
Call it a different kind of bank robbery: thieves are now reaching into retirement accounts, which frequently have far fewer protections than traditional banks. As one suburban Chicago couple recently was stunned to learn, the burden of spotting this kind of fraud has recently been placed squarely on the shoulders of customers, many of whom deposited the money with an “invest it and forget it” mentality. That long-held practice can now be a very risky one. Don t miss local breaking news and weather! Download our mobile app for iOS or Android
How operational collaboration can improve US cyber capability and response
An information analyst works in front of a screen showing a near real-time map tracking cyber threats at the FireEye office in Milpitas, California on December 29, 2014. Photo by Beck Diefenbach via Reuters.
In the course of the next decade, the United States must boost its capacity to defend its critical functions from adversaries who aim to cause disruption through cyberspace. Dealing with this cyber challenge to US national security will take operational collaboration that unites all levels of the government and the private sector.
Over the last year, I served as executive director of the New York Cyber Task Force (NYCTF). The group of cyber experts from academia, government, and the private sector explored the plausible national-security risks likely to impact the United States over the next five years and analyzed whether the United States is ready to face these challenges in cyberspace. The risks, as
Why open banking regulations and security matter to credit unions
2SHARES
Account holder digital expectations are often being driven by innovative fintechs and credit unions have turned to open banking as an effective way to meet this demand through partnerships with third-party providers (TPPs). Open banking relies on the use of application programming interfaces (APIs) to boost performance and reduce latency, and as with any digital data-sharing process, security and consumer privacy are of top concern.
The most recent F5 Labs research shows that the number of API security incidents is growing every year, and most API incidents during the last two years were related to a low level of security maturity, which is often caused by tool sprawl.