"Once you get over the idea that we don't have permanent world peace, and people may need to attack each other in particular circumstances ... then maybe there's a lot of good things to say about cyberweapons," says Peter Sommer of the London School of Economics' Information Systems and Innovation Group.
NACHA's CEO says ACH-related fraud is often over-hyped, and occurs far less often than check- and payment card-related fraud. But when corporate accounts are breached, fraudulent ACH transactions lead to big financial losses.
Homeland Security Secretary Janet Napolitano says the government will fully deploy the Einstein 2 threat detection system by year's end and will begin implementing in 2011 Einstein 3, with the aim to automatically detect and disrupt malicious cyber activity.
Some physician group practices that already have an electronic health record system are playing a game of "hurry up and wait" when it comes to qualifying for HITECH Act EHR incentive payments and bringing their security plans up to date.
The Federal Financial Institutions Examination Council is expected to issue new security guidance revisiting online banking and strong authentication, and a new report from Aite finds internal fraud at most institutions is underreported.