"Today's risk management professionals really need to take a strategic view of managing risk to be relevant in achieving the organization's expected outcome," says Philip Alexander of Wells Fargo Bank.
Sheryl Rose, the first chief information security officer at Catholic Health Initiatives, is leading efforts to implement a comprehensive security strategy as the organization rolls out electronic health records.
"It's interesting to see regulators putting the onus on the financial companies for fraud that occurs after the theft has already happened," says David Navetta, co-chairman of the American Bar Association's Information Security Committee.
The co-chair of the Commission on Cybersecurity for the 44th President praises the Obama administration's commitment to IT security, but says the administration has much more work to do to develop a comprehensive strategy to combat cyber threats.
As criteria are developed for the next stages of the HITECH Act electronic health record incentive program, it's essential that privacy and security issues are adequately addressed, one consumer advocacy group stresses.
Homeland Security Secretary Janet Napolitano asks Senate appropriators to increase funds for fiscal year 2012 so the department can identify and reduce vulnerabilities in the nation's key cyber networks.
Describing it as the capstone publication of a partnership with the defense and intelligence communities, NIST publishes new guidance on managing security risk associated with the operation and use of IT systems.