Application Programming Interface (API), provides a way for programmers and developers to allow systems to exchange data with one another. For instance, all of your company’s important employee data may be contained in Active Directory (AD), but it also needs to be contained in the firm’s CRM system. Instead of having to perform tedious manual
cyber-attack
Chinese Telecom Companies in Hot Water
Chinese cyber espionage and cyber-attack capabilities will continue to support China’s national security and economic priorities,” says Dan Coats, the Director of National Intelligence “Americans should not buy Huawei or ZTE products.” In March 2017 the Chinese Telecom company, ZTE, plead guilty to shipping US technology to Iran and North Korea, and reached a settlement…
FFIEC Members Issue Joint Statement to Financial Institutions on Role of Cyber Insurance as Risk Management Tool
On April 10, the Federal Financial Institutions Examination Council (FFIEC) members issued a joint statement discussing cyber insurance and its potential role in the risk management programs of financial institutions. Members of the FFEIC include the Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, National Credit Union…
Cybersecurity Task Force Launched in Arizona
Arizona Governor Doug Ducey launched the Arizona Cybersecurity Team (ACT) by Executive Order on March 1, 2018. The ACT, comprised of 22 members representing officials from the Executive Branch, including the state’s Chief Information Officer and Chief Information Security Officer, representatives from public safety, homeland security, emergency and military affairs, as well as members of…
U.S. Estimates that Cyber Hacks Cost Up to $109 Billion in 2016
The Council for Economic Advisors (CEA) issued a report this month, entitled “The Cost of Malicious Cyber Activity to the U.S. Economy,” which concludes that “malicious cyber activity cost the U.S. economy between $57 billion and $109 billion in 2016.”
The Executive Summary further depressingly concludes:
- Malicious cyber activity directed at private and public entities
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SEC Updates Guidance on Public Companies’ Disclosure of Cyber-Attacks
The U.S. Securities and Exchange Commission (SEC) updated guidance to public companies this week on how and when they are to disclose cybersecurity risks and breaches. The SEC suggests that public companies should disclose potential weaknesses that have not been targeted by hackers.
There has always been a tension between the SEC and public companies…
OCR Warns of Cyber Extortion and Provides Checklist
In its January newsletter, the Office for Civil Rights (OCR) focused on cyber extortion, which it stated has “risen steadily over the past couple of years and continue to be a major source of disruption for many organizations.” Since the health care industry has been the target of cyber extortion attacks, the OCR is…