Bloomberg has a story on the collaborative, private sector effort to thwart an industrial hacking campaign linked to Chinese intelligence. The effort, which involved firms like FireEye and iSight Partners “demonstrates for the first time a private-sector model that they believe can move faster than investigations by law enforcement agencies,” the report said. From the article: The take-down largely bypassed traditional law enforcement tools, relying instead on cooperation between companies that are normally fierce competitors. Coalition members — which include Microsoft Corp., Cisco Inc. and Symantec Corp. — say they can act faster than governments because they operate global Internet systems and have business relationships with tens of thousands of companies. Read more via China-Linked Hacking Foiled by Private-Sector Sleuthing – Businessweek.
Tag: critical infrastructure
Is IoT Innovation Outpacing Our Ability To Keep It Safe?
GigaOm has an interesting, high-level piece that looks at the issue of law, liability and the Internet of Things. The article takes off from a discussion at the Download event in New York City earlier this month, wondering whether adoption of Internet of Things technologies like wearables is starting to run far ahead of society’s ability to manage them. Specifically: is the pace of technology innovation outstripping the ability of our legal system to reign in excess and protect public safety and civil liberties? On the list of ‘what-if’s’ are some familiar questions: How to assign liability. (“If one of Google’s automated cars crashes, is it the fault of the driver or Google?”) Read more Security Ledger coverage of Internet of Things here. What responsibility to users have to take advantage of safety features in connected products? (Does a parent’s failure to password-protect a baby monitor change the manufacturer’s liability when and […]
Obama Uses Executive Order To Push Chip and Pin
Add data security to the long list of issues on which U.S. President Barack Obama has resorted to unilateral action in order to push the government forward on a crucial matter. On Friday, President Obama signed an Executive Order directing the government to require the use of so-called “chip and PIN” technology for any newly issued or existing government debit and credit cards. The Order was intended to make the federal government “lead by example in securing transactions and sensitive data,” the White House said in a statement. The new BuySecure Initiative will provide consumers with more tools to secure their financial future by assisting victims of identity theft, improving the Government’s payment security as a customer and a provider, and accelerating the transition to stronger security technologies and the development of next-generation payment security tools. The Order launches a new initiative dubbed “BuySecure” intended to “drive the market towards more secure payment systems” […]
The IoT Comes To Chicago: IoT World Forum
The Internet of Things is increasingly an industry unto itself, with the conferences to prove it. And “no,” I’m not just talking about The Security of Things Forum – Security Ledger’s own IoT and security show. (Videos from our first annual show are now available, by the way. Register to view them here.) No: there are forums and symposiums focused on all different aspects of IoT: smart cities, design, wearables, and so on. There’s O’Reilly’s Solid, GigaOm Structure and any number of smaller, regional events. I’m at one of the more prominent IoT shows this week: The Internet of Things World Forum (IoTWF), which is sponsored by Cisco Systems. I’m moderating a really interesting panel that addresses a critical issue: the ways in with information technology (IT), operations technology (OT) and consumer technology (CT) converge in the IoT. These are three areas that, until recently, were separate. But a variety of developments […]
White House Cyber Chief: JP Morgan Underscores Critical Infrastructure Risk
The White House’s cyber security czar, Michael Daniel, said the Obama Administration is deeply concerned about the reported hack of systems belonging to banking giant JP Morgan Chase & Co. but sees the incident as part of a larger trend of attacks against U.S. critical infrastructure. Asked about the targeted attack against JP Morgan and other banks and financial institutions, Daniel said that the White House was concerned, but not surprised by the incident. “We have watched for several years the trend of malicious actors in cyber try to figure out how to target critical infrastructure,” he said. “Financial services is critical infrastructure.” The White House was concerned that a major U.S. bank would fall victim to hackers, but sees it in the context of a “broad trend,” rather than an isolated incident, he said. Speaking with Michael Farrell, the Cybersecurity Editor at Christian Science Monitor, Daniel hit on many of the now-common talking […]