Ineffective or noncompliant security practices of service providers, the inability of customers to examine controls, the prospect of data leakage and the loss of data if a cloud service is terminated present challenges.
"Organizations are putting in layers of security and tools to safeguard information and assets, however, the fraudsters are attacking our weakest link, the consumer," says Anthony Vitale of Patelco Credit Union.
House Republicans issue their cybersecurity legislative agenda that, in many respects, parallels the goals offered by the Obama administration and Senate Democrats, but it definitely has a GOP tinge to it.
UBS's $2 billion loss to rogue trading provides lessons for all banks. What's missing in today's financial institution culture is a balance between profits, ethics and governance, says risk management expert Frances McLeod.
"With a company-issued device, you can issue a policy that says users have no rights of privacy over information on the device," says Javelin's Tom Wills. But with employee-owned devices? A whole new set of issues.
Eric Rosenbach works with Defense Secretary Leon Panetta and other top DoD leaders to formulate, recommend, integrate and implement policies and strategies to improve the Defense Department's ability to operate securely in cyberspace.
Michigan this month merged government agencies responsible for physical and information security, consolidating resources as well as opening new areas for growth and partnership, state Chief Security Officer Dan Lohrmann says.
Bank of America says weekend problems with its website were not related to any online breaches or attacks, although one analyst called the timing "curious" - coming one day after the bank announced new debit card fees.
In recent years, the government has taken steps to improve federal IT infrastructure. While the 9/11 terrorist attacks were certainly a wake-up call, legislation and reform was always inevitable, says Mark Forman, former federal CIO.