Moving from Compliance to Risk-Based Security, Part 1

After 10 years of managing an IT audit function for an international energy company, I had the opportunity to head up their IT Strategy group that was charged with creating Organizational IT Security and Risk profiles and plans. The charge of this function was to annually evaluate organization-wide internal and external risk as it relates to...

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Global Security Technology Market Seen Booming

Gartner analysts this week forecast that the worldwide security technology and services market would grow 8.7 percent this year to $67.2 billion as cyber threats become increasingly sophisticated and dangerous. The analysts, attending a Gartner summit on security and risk management at National Harbour, MD, said the market could grow to more...

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Storm Over PRISM Leaks Widens

The saga of one of the most significant leaks of government information in recent US history has taken a new twist with the decision by the whistleblower – former CIA technical staffer  Edward Snowden – to go public. In an interview carried out in Hong Kong with the UK newspaper The Guardian, Snowden said that after leaving the...

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US Government Angry Over Internet Spying Leaks

Director of National Intelligence  James Clapper has denounced leaks to The Washington Post and Guardian newspapers this week which revealed that his agency is spying on e-mails and other internet traffic obtained from nine major companies. In a statement on Thursday, Clapper confirmed the surveillance was taking place but accused the...

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Microsoft, FBI Claim Success Against Citadel Botnets

Microsoft and the FBI have carried out a major operation against cybercriminals using Citadel malware, saying they disrupted more than 1,000 botnets responsible for about $500 million in financial fraud globally. In separate releases issued on Wednesday (June 5), the software giant and the FBI said they had worked with leaders of the financial...

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