The 9/11 Commission, in its 10th anniversary report, cautions Americans and the U.S. government to treat cyberthreats more seriously than they did terrorist threats in the days and weeks before Sept. 11, 2001.
"United we stand; divided we fall." That's the message from Art Coviello to kick off the 2014 RSA Conference Asia Pacific & Japan in Singapore. What advice does the RSA chair offer to global security leaders?
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
Tim Pawlenty, CEO of the Financial Services Roundtable, says the only way to ensure adequate cyberthreat information sharing is through federal legislation that would furnish liability protection and other incentives.
Banking institutions must improve how they analyze cyber-threat intelligence. But without better tools, security leaders can't adequately anticipate new attacks, says Greg Garcia, the new executive director of the FSSCC.
The Financial Stability Oversight Council says banking regulators need to ensure institutions are expanding their cyber-intelligence sharing and third-party oversight as attacks against the financial infrastructure mount.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.