US government agency causes cybersecurity risk at NYSE

Need a reason why the US government has no business telling others how to do cybersecurity? Read the story at the link below to see how the US government SEC created a huge problem for NYSE Euronext--

NYSE hires former Homeland Security chief - Chicago Tribune: "NYSE Euronext hired former Homeland Security Secretary Michael Chertoff to make sure sensitive exchange data were not breached after U.S. securities regulators left their computers unencrypted, according to a person familiar with the matter. The computers, iPads, and other Apple devices belonged to employees in an office within the Securities and Exchange Commission's Trading and Markets Division that is responsible for making sure exchanges protect themselves from cyber threats. . . . The NYSE, however, has reason to believe other unsecured devices contained exchange data are only now being reviewed, well after the outside forensics firm Stroz Friedberg completed its independent analysis, the person familiar with the matter said. The inspector general's report states that while there were 28 laptops in question, the outside firm conducted forensic testing on "several select laptops" to determine if a breach occurred. The NYSE is concerned the review was not broad enough and did not cover all of the affected devices, the person said. It has been promised, but still has not seen, a copy of Stroz Friedberg's report, according to the source. A representative of Stroz Friedberg was not immediately available for comment. Moreover, this person said, the exchange operator is upset that the SEC knew about this problem for months, but only told the exchange in early October."

Stocks in Cyber Security Set to Take Off: Analyst
CNBC.com (blog)
Though worrisome, there is a potential beneficiary set to gain from this threat, explains one analyst: the cyber security industry. “Companies have no choice but to spend on security,” Daniel Ives, senior analyst at FBR Capital Markets, told CNBC. This ...

The Gaza Strip Cyber War
VICE
On the Telecomix Wiki, 16 cyber-security and surveillance companies that are either Israeli or have offices in Israel are listed. One such company, Allot, saw its stocks plummet last December when it broke an Israel/Iran trade embargo by selling its ...

VICE

Cyber Crime Costs Financial Sector Billions in Losses
AllAfrica.com
Nairobi — The financial sector in the East African region is losing over Sh170 billion every year through cyber crime, according to Cyber Security Africa, a UK-based information and e-commercesecurity provider. The firm's manager for Africa Sammy ...

Basic tips for cyber shopping safely this season
Bizjournals.com
A week from today, the media-created shopping holiday “Cyber Monday” officially kicks off the online holiday shopping rush. FTI Consulting estimates that online holiday shopping will increase by 13 percent this year and online scams are likely to ...

Cyber criminals now going mobile
Hindu Business Line
Cyber criminals never sit idle. They go where Internet users go. With the usage of mobile and cloud platforms going up significantly, cyber criminals seem to have increased their focus on this new, unchartered hunting ground. Internet security ...

Database Security on Cyber Monday
The Data Center Journal (blog)
The Monday after Thanksgiving, also known as Cyber Monday, has become the busiest online shopping day of the year for American consumers. With the influx of online activity, companies should be aware of the higher-than-normal security threats such as ...

The Data Center Journal (blog)

Asahi Technologies Announces 24/7 Cyber Attack Surveillance to Help Online ...
Equities.com
Installing a customized and credible cyber security system is the need of the hour. Asahi Technologies, with its unique capability to measure cyber risk, launches 24x7 security features with round the clock monitoring services that are on par with the ...

Small businesses still underestimate cost of security breaches
ZDNet
Summary: The good news is that more SMBs are shoring up cyber-security defenses, but many worry the measures they are taking won't be adequate. Heather Clancy. By Heather Clancy for Small Business Matters | November 19, 2012 -- 13:00 GMT (05:00 ...

Poolesville High School cyber team scores big in state competition
Gazette.Net: Maryland Community News Online
... Baltimore County at the Maryland Cyber Challenge last month. The team took first place in thecyber security competition. Close Window. Photo by Lindsay Hebert (From left) Science Applications International Corporation Chief Information Officer ...

BBB tips for Black Friday, Cyber Monday
Fall River Herald News (blog)
Black Friday and Cyber Monday, the Friday and Monday after Thanksgiving, are the most popular holiday shopping days of the year. Whether heading to the local malls or shopping online to avoid the large crowds, the Better Business Bureau warns buyers to ...

Capital Business » Cyber crime costs financial sector billions in losses
By MARGARET WAHITO
NAIROBI, Kenya, Nov 19 – The financial sector in the East African region is losing over Sh170 billion every year through cyber crime, according to Cyber Security Africa, a UK-based information and e-commerce security provider. The firm's ...
Capital Business



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