News

11:05 AM
Susana Schwartz, Intelligent Enterprise,
Susana Schwartz, Intelligent Enterprise,
News
Connect Directly
RSS
E-Mail
50%
50%

Identity Theft Laws Elevate Security to the C-Level

Information security should start from the top, experts say.

Numerous breaches in customer data security in 2005 have fueled calls for federal legislation that could lead to onerous security demands on financial institutions that hold consumer information. Even if legislators show restraint in demanding new controls, it's time for banks to create C-level security positions, experts suggest.

Thus far, congressional committees have proposed at least six bills that call for corporate accountability for data privacy and security programs, but there's controversy over how to define and enforce such a mandate. "The government must assess the risk associated with certain data types so companies aren't notifying consumers every time a breach of even noncritical data occurs," asserts Jerry Cerasale of the Direct Marketing Association (DMA), a New York-based trade association representing more than 5,200 direct, database and interactive marketers.

Cerasale warns that institutions will face enormous costs if forced to build departments and systems for detecting and reporting breaches. More troubling to some is a bill proposed by Senators Arlen Specter (R-Pa.) and Patrick Leahy (D-Vt.) that calls for data brokers to give consumers a chance to "access and correct" their information. "That would open up an entirely different avenue for identity thieves," says Cerasale.

Fred Cohen, a principal analyst at Burton Group (Midvale, Utah), says enterprises should consider creating new positions or morphing existing ones to prepare for such legislation. "The position of a chief information security officer (CISO) exists at many large firms, but it has not been a C-level position," says Cohen. "The CISO will have to be a position right up there with the CEO, CFO and CIO." * --Susana Schwartz, Intelligent Enterprise

Courtesy of Intelligent Enterprise, a CMP Media property.

Security

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Janice, I think I've got a message from the code father!
Current Issue
Security Operations and IT Operations: Finding the Path to Collaboration
A wide gulf has emerged between SOC and NOC teams that's keeping both of them from assuring the confidentiality, integrity, and availability of IT systems. Here's how experts think it should be bridged.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.

Dark Reading Radio
Archived Dark Reading Radio
In past years, security researchers have discovered ways to hack cars, medical devices, automated teller machines, and many other targets. Dark Reading Executive Editor Kelly Jackson Higgins hosts researcher Samy Kamkar and Levi Gundert, vice president of threat intelligence at Recorded Future, to discuss some of 2016's most unusual and creative hacks by white hats, and what these new vulnerabilities might mean for the coming year.