"If you think that only computers can get viruses, think again."
"When a 5-foot surge from superstorm Sandy washed over 200 acres of low-lying parking lots at New Jersey's Port Newark, a fleet of vehicles belonging to International Motor Freight Inc. was damaged."
"The holiday season poses a psychological conundrum. Its defining sentiment, of course, is joy—yet the strenuous effort to be joyous seems to make many of us miserable."
"India plans to launch a massive initiative to combat deadly strains of drug-resistant tuberculosis, tackling a medical crisis the full scope of which is only now coming into focus."
"The year-end prediction lists from technology companies and research firms are — let’s be honest — in good part thinly disguised marketing pitches: These are the big trends for next year, and — surprise — our products are tailor-made to help you turn those trends into moneymakers."
"Top intelligence officials in the New York Police Department met on Thursday to examine ways to search the Internet to identify potential “deranged” gunmen before they strike, Police Commissioner Raymond W. Kelly said."
"Everyone who has ever claimed that the financial industry is overregulated should be forced to read the final notice on UBS’s manipulation of the London interbank offered rate issued Wednesday by the United Kingdom’s Financial Services Authority."
"UBS AG UBSN.VX +0.13% became the second bank to settle accusations that it tried to rig benchmark interest rates, agreeing to pay roughly $1.5 billion in a deal with authorities in multiple countries that points to a broader manipulation scandal than previously known."
"Albert Einstein once said: “The true sign of intelligence is not knowledge but imagination.”"
"HSBC Holdings HSBA.LN -0.02% PLC on Tuesday acknowledged that for years it ignored possible money laundering as part of a record $1.9 billion settlement with U.S. authorities that caps the bank's disastrous foray into the U.S. market."
"The exposed brick walls, open work benches and large flat screens in the San Francisco office of Sasha Orloff’s start-up make it feel like any other trendy young Californian internet company."
"Top U.S. intelligence officials gathered in the White House Situation Room in March to debate a controversial proposal. Counterterrorism officials wanted to create a government dragnet, sweeping up millions of records about U.S. citizens—even people suspected of no crime."
"It is a dark day for the rule of law."
"State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system."
"I made a presentation in November at a regional risk forum on ethical misconduct and, for the first time, got a question on how I could possibly suggest that Washington Mutual had any best practices since thousands of shareholders had lost their investments and at least 5,000 employees in the Greater Seattle Area had lost their jobs."
"Declaring the current system for classifying information dysfunctional, a federal advisory panel is calling for the most thorough overhaul of government secrecy since classification procedures were established 70 years ago."
"The report this week that UBS, the Swiss bank, may be close to a deal with American and British authorities to settle charges that its employees manipulated interest rates to increase the bank’s trading profits signals incremental progress in the global investigation into rate rigging at more than a dozen big banks, including Citigroup, JPMorgan Chase and Deutsche Bank."
"Two former bosses of HBOS, the bank which had to be bailed out by the government and taken over by Lloyds at the height of the financial crisis, today admitted that it had taken greater risks than it should."
"Booz Allen Hamilton works with financial services firms to identify and benchmark best practices and challenges for long-term cybersecurity prevention and protection."
"The next Next Big Thing is Big Data. Evangelists claim it has the power to reveal hidden truths about our companies, about our lives, about society as a whole."
"Barclays BARC.LN -1.55% PLC has disciplined 13 members of staff in relation to allegations of rate-fixing, the head of its investment bank said, as the U.K. bank seeks to rebuild its reputation following its involvement in the Libor scandal."
"Learning from experience, including that of other countries, is an important element of our knowledge about earthquakes and other disasters that affect major urban areas."
"Judges and lawmakers across the country are wrangling over whether and when law enforcement authorities can peer into suspects’ cellphones, and the cornucopia of evidence they provide."
"For young Wall Street employees who live their lives through social media, working at a big bank can feel as if the plug has been pulled."
"The Federal Reserve chairman, Ben S. Bernanke, again strongly urged Congress on Tuesday to ward off the sudden and severe combination of tax increases and spending cuts coming at the end of the year."
"Americans have a false sense of security when it comes to disasters, and should they become victims, most haven’t taken steps to help themselves during the first few days after one strikes."
"The office of the Director of the Central Intelligence Agency sits on the seventh floor of the old headquarters building at Langley."
"Regulators failed to adequately protect customers of the failed brokerage MF Global because they did not communicate with each other leading up to the firm’s collapse, a report released Thursday by Republicans on a House panel concluded."
"Terrorists could black out large segments of the United States for weeks or months by attacking the power grid and damaging hard-to-replace components that are crucial to making it work, the National Academy of Sciences said in a report released Wednesday."
"A council of top financial regulators, upset with the Securities and Exchange Commission for failing to strengthen rules governing money market mutual funds since the financial crisis, is trying to force the S.E.C. to adopt stricter regulations."
"The federal government’s flood insurance program, which fell $18 billion into debt after Hurricane Katrina, is once again at risk of running out of money as the daunting reconstruction from Hurricane Sandy gets under way."
"Gov. Andrew M. Cuomo plans to ask the federal government for at least $30 billion in disaster aid to help New York City and other affected areas of the state recover from the devastation of Hurricane Sandy, according to top administration officials."
"For all the efforts of federal, state and local officials to help people after Hurricane Sandy, unacceptable pockets of suffering remain "
"A northeaster threatened to unravel progress made since Hurricane Sandy ravaged the New York area, delivering a second angry serving of howling wind and high water on Wednesday in places where misery and frustration had yet to recede."
"An epidemic of dengue fever in India is fostering a growing sense of alarm even as government officials here have publicly refused to acknowledge the scope of a problem that experts say is threatening hundreds of millions of people, not just in India but around the world. "
"The Northeast is now bracing for a potentially dangerous northeaster expected to bring rain, punishing winds and high tides that could add to the misery of residents still reeling from Hurricane Sandy and set back the restoration of power."
Since the financial crisis, banks have talked a lot about the need to restore trust and prove their social usefulness. But the protestations of reform have often seemed pro forma, concealing a real desire to return as swiftly as possible to pre-crunch business as usual.
"Three days into the aftermath of Sandy, wireless service is still lacking in parts of New York City and other hard-hit areas, according to people living in those areas."
"Google has scrambled to post online resources for people who want information about the deadly storm Sandy, including maps showing evacuation routes and shelters and a new service that sends emergency alerts to Google users."
"By now you've already heard about Hurricane Sandy. Or Frankenstorm. Or the Snowincane, if you prefer."
"Hurricane Sandy bore down on the Eastern Seaboard's largest cities Monday, forcing the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds, soaking rain and a surging wall of water up to 11 feet tall."
"Massachusetts' securities regulator fined Citigroup Inc. $2 million for failing to supervise technology analyst Mark Mahaney and an unnamed junior research analyst who improperly disclosed confidential information about Facebook Inc.'s initial public offering and unpublished revenue estimates for Google Inc.'s YouTube."
"Rajat K. Gupta, the former Goldman Sachs director, was sentenced to two years in prison on Wednesday for leaking boardroom secrets to the former hedge fund manager Raj Rajaratnam."
"Security flaws in airline boarding passes could allow would-be terrorists or smugglers to know in advance whether they will be subject to certain security measures, and perhaps even permit them to modify the designated measures, security researchers have warned."
"Microsoft said on Monday that it would change its new disclosure policy to tell consumers explicitly that it would not use personal information it collects from users of some Microsoft products to produce or promote targeted online advertising."
"Over the years, Keith McCarthy has become used to a certain way of doing things on his personal computers, which, like most others on the planet, have long run on Microsoft’s Windows software."
"The largest U.S. financial firms warned Thursday of dire consequences if Washington fails to head off year-end tax hikes and spending cuts, saying they could jolt the economy into recession and prompt a new and dangerous downgrade of the U.S. credit rating. "
"A Bangladeshi man was arrested Wednesday and charged with trying to detonate a 1,000-pound car bomb outside the Federal Reserve Bank of New York, a target he chose in a bid to disrupt the U.S. economy, authorities said."
"What does Google know about its users and how does it know it?"
Citigroup Inc. C +1.50% announced the sudden departure of Chief Executive Vikram Pandit, saying he would be succeeded by longtime executive Michael Corbat.
"High-frequency trading firms — the lightning-quick, computerized companies that have risen in the last decade to dominate the nation’s stock market — are now struggling to hold onto their gains."
"Defense Secretary Leon E. Panetta warned Thursday that the United States was facing the possibility of a “cyber-Pearl Harbor” and was increasingly vulnerable to foreign computer hackers who could dismantle the nation’s power grid, transportation system, financial networks and government."
"The chief financial officer at JPMorgan Chase is expected to step down by the end of the year in the latest round of executive reshuffling after the bank’s multibillion-dollar trading loss in May."
"When examining the dynamic between corporate reputation and financial performance, it is important to study the effects of large-scale crises, whether manmade or driven by external forces."
"A new Senate report is highly critical of how the Department of Homeland Security (DHS) has supervised the functioning of the many state and local fusion centers that have been established."
"The value placed on organizational resilience is growing."
"Lisa Zerr urgently needed funds to upgrade the kids' merchandise carried by her business, Yankee Toy Box, for Halloween and the holiday shopping season. A bank had turned down her request for a loan."
"For more than two years, the police in San Leandro, Calif., photographed Mike Katz-Lacabe's Toyota Tercel almost weekly. They have shots of it cruising along Estudillo Avenue near the library, parked at his friend's house and near a coffee shop he likes. In one case, they snapped a photo of him and his two daughters getting out of a car in his driveway."
"High-frequency trading firms, long resistant to tighter oversight of their businesses, are beginning to change their tune amid a spate of high-profile technology failures that have roiled financial markets."
"Six major American banks were hit in a wave of computer attacks last week, by a group claiming Middle Eastern ties, that caused Internet blackouts and delays in online banking."
"British authorities are set to announce significant changes to the interest rate at the heart of a recent manipulation scandal as they aim to improve the accuracy and reliability of the benchmark."
"After years of emulating the flashy United States stock markets, countries around the globe are now using America as a model for what they don’t want to look like."
"Fraud can be a big threat to business continuity and with increasing levels being seen UKFraud’s Special Interest Group for Corporate Fraud Prevention has drawn up a new set of benchmarks which will help organizations manage the risk."
"The emergency response to the mass shooting at the movie theater in Aurora, Colo., on July 20 follows a quick timeline — and one that probably saved lives."
"A new PwC US Risk in Review paper entitled ‘Coping with the unknown: Risk management strategies for an uncertain world,’ provides details of innovative strategies for dealing with unexpected risks."
"When looking for workers to staff its call centers, Xerox Corp. XRX -0.64% used to pay lots of attention to applicants who had done the job before."
"The one thing that dominates our modern lives is change."
"As the risk management profession evolves from a protective function to one that can create value for an organization, a new RIMS Executive Report ‘The evolving role of the risk professional’ emphasizes that the need for determined and adept risk leaders to build risk management capabilities at every level of an organization has become an essential component to organizational success."
"As violence spread in the Arab world over a video on YouTube ridiculing the Prophet Muhammad, Google, the owner of YouTube, blocked access to it in two of the countries in turmoil, Egypt and Libya, but did not remove the video from its Web site."
"We are swimming in a sea of viruses. A hundred times smaller than bacteria, these tiny things are little more than stripped-down packets of genetic material with some protein padding. By strict definition, they aren’t even alive."
"One of the major reputation risks can come from employees using email and social media to bad-mouth their organization, or to release, often inadvertently, information which the organization would prefer to remain confidential."
"Eleven years have passed since thousands of our fellow citizens were tragically slaughtered and our nation was shaken to its core."
September is national preparedness month.
"The first step in a new data protection strategy is to assess your current data protection capabilities."
"Though both are critical, physical and information security remain separate entities at many organizations. However, you can get a better grip on overall risk by integrating the two."
"Exercises are an integral part of preparedness in emergency management and homeland security."
"It’s been seven years since Hurricane Katrina after which Mississippi then-Gov. Haley Barbour created the state’s Disaster Recovery Division and placed Jon Mabry as its chief operations officer."
"Fed Chairman Ben Bernanke wasn't expecting he would have to make another speech like the one he will deliver here Friday."
"A new mobile app helps citizens prepare for potential disasters, the latest threat-remediation strategy from the Insurance Institute for Business and Home Safety (IBHS) that could save residents and emergency managers time and money when catastrophe occurs."
"On the eve of the seventh anniversary of Hurricane Katrina, which brought widespread devastation after the colossal failure of the system built to protect the city, New Orleans on Tuesday night once again found itself facing the impending arrival of a huge and deadly storm."
"How many hands would go up if you asked any audience the question: Do you have an emergency kit or would you be self-sustained for at least 72 hours during an emergency?"
"Banks being probed for interest-rate manipulation face potentially tens of billions of dollars in claims from dozens of lawsuits in the U.S. from cities, insurers, investors and lenders who say they were hurt by the allegedly fudged rates."
"Dozens of fires sparked by high temperatures, severe drought conditions and strong winds have blanketed the western part of the US, including Washington, Montana, Oregon, Idaho, Nevada and California, making this fire season one of the worst in history for this area."
"In response to the growing number of organizations utilizing cloud computing as a viable alternative for meeting their technology needs, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has published a new thought paper entitled ‘Enterprise Risk Management for Cloud Computing’."
"Citigroup Chief Executive Officer Vikram Pandit said emerging markets, including business in China, would be the focus of the bank's growth."
"After years of the public and private sectors having listened to the nearly constant cyber threat warnings issued by military and government officials, as well as industry experts, over the past few years, addressing the threats posed to our systems by cyber attacks is now appropriately considered as a work-in-process."
"With wildfires displacing tens of thousands in Colorado and other Western states, evacuation is on the minds of many in the emergency management community. In Colorado, what’s being called the most destructive wildfire in the state’s history forced the evacuation of more than 35,000 residents and destroyed nearly 350 homes "
"If banks have their way, Internet scammers soon may have a tougher time deceiving people with bogus bank websites."
"A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives."
"Standard Chartered, the British bank, has agreed to pay New York’s top banking regulator $340 million to settle claims that it laundered hundreds of billions of dollars in tainted money for Iran and lied to regulators."
"Months after he arrived in Washington in 2009, Gary Gensler knew he had a big case. "
"In a country as diverse as the United States, we sometimes forget how many things we agree upon."
"The Pentagon has proposed that military cyber-specialists be given permission to take action outside its computer networks to defend critical U.S. computer systems — a move that officials say would set a significant precedent."
"When Google imagines the future of Web search, it sees a search engine that understands human meaning and not just words, that can have a spoken conversation with computer users and that gives users results not just from the Web but also from their personal lives. "
"In the past six weeks, the three big British banks that had survived the financial crisis relatively unscathed have been immersed in scandal—further soiling the British banking industry's already marred reputation and undercutting the sector's efforts to fend off tougher regulations."
"A big challenge for public safety officials is getting emergency alerts to citizens who may not understand traditional notifications. "
"Major banks, which often band together when facing government scrutiny, are now turning on one another as an international investigation into the manipulation of interest rates gains momentum."
"Does more liberty necessarily mean less security, and vice versa? "
"They began to bend in the roaring wind, then their steel girders snapped like twigs, the towers toppled and the lights went out."
"Relentless assaults on America’s computer networks by China and other foreign governments, hackers and criminals have created an urgent need for safeguards to protect these vital systems. "
"In April 2011, the American Red Cross announced a multiyear initiative designed to improve the disaster readiness of more than 50 communities throughout central and Northern California."
"A new Deloitte and Forbes Insights survey has found that fewer than 25 percent of executives report that their organizations continuously monitor risk."
"The top American military official responsible for defending the United States against cyberattacks said Thursday that there had been a 17-fold increase in computer attacks on American infrastructure between 2009 and 2011, initiated by criminal gangs, hackers and other nations."
"In politics, it is called flip-flopping. In banking, it is called postcrisis regrets. "
"As the Federal Reserve Bank of New York faced criticism for missing a multibillion-dollar trading loss at JPMorgan Chase, the regulator convened a town hall meeting in May to bolster employee morale."
Searle reviews the new book about the collapse of Washington Mutual Bank -- the largest bank failure in American history.
"On June 1, 2008, Timothy F. Geithner – then president of the Federal Reserve Bank of New York – sent an e-mail to Mervyn A. King and Paul Tucker, then respectively governor and executive director of markets at the Bank of England "
"What can shareholders and regulators reasonably expect of boards and non-executive directors of large, complex financial institutions? "
"Nothing particularly dramatic occurred in June...for better or worse."
British regulators will face further scrutiny for their role in a rate-manipulation scandal when top officials at the Financial Services Authority testify on Monday before Parliament.
"Another month, another major security breach."
"After the financial crisis, regulators vowed to overhaul supervision of the nation’s largest banks. "
"Perhaps the most surprising aspect of the Libor scandal is how familiar it seems. "
"As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity."
"Fears that a computer virus might cut Internet access around the world appeared to be overblown Monday after U.S. authorities removed a safety net that had protected infected machines for months."
"Thousands could lose access to the Internet on July 9 due to a virus, DNSChanger, that once infected approximately 4 million computers across the world."
Robert E. Diamond Jr., the former chief executive of Barclays, told a British parliamentary committee on Wednesday that the manipulation of global interest rate benchmarks involving 14 traders at the bank had made him “physically sick.”
"Utility crews struggled to catch up with a backlog of millions of people without electricity for a fourth hot day Tuesday as frustration grew and authorities feared the toll of 23 deaths could rise because of stifling conditions and generator fumes."
"The chief executive of Barclays BARC.LN +1.67% PLC, Robert Diamond, resigned Tuesday amid intense political and investor pressure from the British bank's involvement in rigging an important interest-rate benchmark—and another senior executive appeared close to following him out the door."
"The Barclays affair may lack the spice of some recent banking scandals, involving as it does the rather dry “crime” of misreporting interest rates."
"Social media tools such as Twitter and Facebook are rapidly gaining acceptance as useful tools in the armoury of the incident manager".
"Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation."
"Lax corporate security allowed hackers to steal credit card and other personal information from more than 600,000 customers of Wyndham Worldwide hotels, resulting in at least $10.6 million in fraudulent charges, the Federal Trade Commission alleged in a lawsuit Tuesday."
"Already choking through one of the worst wildfire seasons in recent memory, Colorado found itself dealing with a new series of blazes this week, driven by a relentless heat wave that has threatened to further fan the flames."
"Today, within minutes of a disaster, the public begins to self-manage response via Facebook, Twitter, Open Street Map, and other social media systems."
"Already grappling with weak profits and global economic turmoil, 15 major banks were hit with credit downgrades on Thursday that could do more damage to their bottom lines and further unsettle equity markets."
"EBay plans to build a data center to handle its billions of dollars in retail transactions that will draw its power from alternative energy fuel cells rather than the national power grid, which is heavily dependent on coal plants."
"Jamie Dimon, the chief executive of JPMorgan Chase, tussled with lawmakers on Tuesday in his second showdown in Washington since JPMorgan, the nation’s largest bank, disclosed a multibillion-dollar trading loss."
"Most banks know about the cloud, and many have even started to develop limited private clouds, leveraging the massive computing power of their internal data centers."
"Funding for BioWatch, an early warning system to detect deadly pathogens in 30 U.S. cities, may be in jeopardy after cost estimates surged to $5.7 billion, six times the initial assessment."
"Your organization has spent considerable resources preparing for disruptive events, and now a crisis is looming."
"When an ice storm hit Austin, Texas, in February 2011, Judy Henry decided it was time to provide real-time public health data to officials in the EOC. "
"The Federal Trade Commission assessed an $800,000 penalty on Tuesday against Spokeo, a data collector that the commission said violated federal law by compiling and selling people’s personal information for use by potential employers in screening job applicants."
"Some top J.P. Morgan Chase JPM -0.02% & Co. executives and directors were alerted to risky practices by a team of London-based traders two years before that group's botched bets cost the bank more than $2 billion, according to people familiar with the situation."
"The month of May was the beginning of what the oil business would call “a big gusher.” "
"If the collapse of the commodities brokerage firm MF Global were a murder mystery, the revelation that $1.6 billion of customer money had disappeared would be the equivalent of finding the corpse."
"Security researchers have confirmed that a file containing 6.5 million encoded LinkedIn passwords has been posted to a Russian hacker site."
"It began as a hobby for a teenage computer programmer named John Matherly, who wondered how much he could learn about devices linked to the Internet. "
"There are rarely yelling matches in business ethics."
"Security experts have only begun examining the thousands of lines of code that make up Flame, an extensive, data-mining computer virus that has been designed to steal information from computers across the Middle East, but already digital clues point to its creators and capabilities."
"The 17 countries that use the euro should consider setting up a "banking union" that allows them to share the burden of bank failures, the European Union's executive arm said Wednesday in a report on the currency union's crisis-fighting efforts."
"Most of us spend our days with our heads down, on behalf of our employer or our client, dealing with one of the practice areas where the usual aberrations present themselves in the larger context of operational risk management (ORM)."
"NOAA has released its forecasts for the 2012 hurricane season. It currently predicts a near normal season in the Atlantic and Eastern Pacific areas and a below-normal season in the Central Pacific."
"Everyone in Washington is talking about JPMorgan Chase's botched hedge. Everyone, that is, but the federal regulators who actually know what's going on."
"A top U.S. banking regulator said his agency could handle the failures of large, complex banks including J.P. Morgan Chase JPM -1.32% & Co., the nation's largest bank by assets, if they faltered and presented a risk to the broad financial system."
"It was a typically hectic weekend for Kate Massey with her son’s third birthday on Sunday, May 22, and the impending family party. Nothing seemed out of the ordinary that day as the family left for the party site, a bounce-house facility in Joplin, Mo."
"Ever since JPMorgan Chase disclosed a multibillion-dollar trading loss this month, the central mystery has been how a bank known for its skill at risk management could err so badly."
"Operational risk has replaced credit risk as the major safety and soundness challenge for national banks, Comptroller Thomas Curry said at a speech in Washington on Wednesday."
"In the wake of losses at J.P. Morgan Chase JPM 0.00% & Co., the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, according to people familiar with the matter"
"Investors and federal investigators turned up the heat on JPMorgan Chase on Tuesday, as shareholders called for pay givebacks from executives responsible for a stunning $2 billion trading loss and the Federal Bureau of Investigation opened a preliminary review of the debacle."
"In the years leading up to JPMorgan Chase’s $2 billion trading loss, risk managers and some senior investment bankers raised concerns that the bank was making increasingly large investments involving complex trades that were hard to understand."
"The embarrassing losses at megabank JPMorgan Chase reverberated in Washington, Wall Street and on the campaign trail Sunday, with JPMorgan Chase chief executive Jamie Dimon acknowledging that the bank “made a terrible, egregious mistake” by dismissing worrisome signs earlier this year about the bank’s trading strategy."
"On 20 and 21 May 2012 Chicago will host a NATO summit. The North Atlantic Treaty Organization (NATO) will have representatives from approximately 70 nations attending the summit. Known as a National Special Security Event (NSSE) by the US Secret Service, Federal Bureau of Investigation (FBI) and Federal Emergency Management Agency (FEMA); the NATO summit will require coordination of a large array of public sector resources."
"There has been an "active series" of cyber attacks on natural gas pipeline companies' computer networks over the past four months, according to the Department of Homeland Security (DHS)."
"Hurricane Katrina changed everything in emergency management, especially the private sector’s role in disaster response."
"Ten timeless tests can help you kick the tires on your strategy, and kick up the level of strategic dialogue throughout your company."
"One way or another Google has a problem."
"A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay."
"Business continuity managers have traditionally seen the media as something of a threat; but a different approach can bring big benefits."
"The series of tornadoes that killed at least six in Oklahoma and raised havoc in other parts of the Central Plains April 14-15 was preceded by a rare early, high-risk warning."
"Cyber experts press for greater efforts on the part of civilian and military agencies to address threats from Iran, warning a joint House subcommittee that the Islamic Republic continues to expand its cyber arsenal."
"Defying a veto threat from President Obama, the House on Thursday passed a bill that encourages intelligence agencies and businesses to share information about threats to computer systems, including attacks on American Web sites by hackers in China and other countries."
"Federal securities regulators, in a sensitive breach, inadvertently revealed the identity of a whistleblower during a probe of a firm that ran a stock trading platform."
"Concerns over hacktivism and targeted state-sponsored attacks are at the top of security professionals’ minds according to a new survey and research report sponsored by Bit9. The 2012 Cyber Security Survey of nearly 2,000 IT security experts set out to gauge the current state of enterprise security and identify the attack methods and cybercrimal groups that keep IT executives up at night."
"A survey conducted by Varonis has found that 70 percent of organizations storing third party data are not ‘very confident’ that the sensitive data stored within their organization is protected."
"Two years after a blowout on BP’s Macondo well killed 11 men and triggered the largest oil spill in U.S. history, oil companies are again plying the waters of the Gulf of Mexico."
"It's little wonder risk managers are accustomed to remaining behind the scenes. One need only look to Congress grilling Enron's former risk manager about his role -- or lack thereof -- in the company's out-of-control corruption to see that the spotlight can quickly become uncomfortable when it is pointed at risk management."
"Roughly one of every five Americans used their mobile phone for some sort of banking activity last year, and about the same proportion say they will probably use mobile banking in the future, a recent survey from the Federal Reserve found."
"Iraq, cut off from decades of technological progress because of dictatorship, sanctions and wars, recently took a big step out of isolation and into the digital world when its telecommunications system was linked to a vast new undersea cable system serving the Gulf countries."
"The tornadoes were unrelenting — more than 100 in 24 hours over a stretch of the Plains states. They tossed vehicles and ripped through homes. They drove families to their basements and whipped debris across small towns throughout the Midwest. In some areas, baseball-size hail rained from the sky."
"Facebook, seeking to address concerns about the personal information it collects on its users, said Thursday that it would provide any user with more about the data it tracks and stores. "
"Continuity Insights’ first in-depth survey for 2012 looks at the growing use of social media as a crisis communication tool. Respondents from over 250 organizations were asked to provide data about their organization’s social media accounts and usage, which was then used to indicate the reach and target audience — key factors when using social media in a crisis."
"Dozens of bomb threats at the University of Pittsburgh since mid-February have disrupted classes and dormitory life and prompted some students to find housing off campus just weeks before the semester ends."
"The Pentagon is planning to dramatically speed up the development of new cyberweapons, giving it the ability in some cases to field weapons against specific targets in a matter of days, according to a new Pentagon report to Congress."
"Many popular Facebook apps are obtaining sensitive information about users—and users' friends—so don't be surprised if details about your religious, political and even sexual preferences start popping up in unexpected places."
"IBM in its X-Force security report for 2011 said security efforts have cut spam and improved vulnerability patching, but attackers are now targeting mobile devices and the cloud."
"The Cyber Intelligence Sharing and Protection Act (CISPA) is getting a lot of bipartisan support, but in reality it’s a nightmare that makes SOPA look practically benign in comparison. "
"Jim Mullen likely won’t drown in the emergency management bloodbath that is the U.S. Department of Homeland Security (DHS) budget, but he may have a hard time staying afloat."
"For the last two months, senior government officials and private-sector experts have paraded before Congress and described in alarming terms a silent threat: cyberattacks carried out by foreign governments."
"In the course of his four-decade career, Yale economist Robert Shiller has seen enough financial folly to make anyone cynical. Instead, he thinks the industry can and should be reformed to serve ordinary people, not just the superrich."
"Technology companies want to talk with the government about protecting privacy on the Internet. They just want those talks to be private."
"The federal government is beginning a major research initiative in big data computing. The effort, which will be announced on Thursday, involves several government agencies and departments, and commitments for the programs total $200 million."
"The Federal Bureau of Investigation's top cyber cop offered a grim appraisal of the nation's efforts to keep computer hackers from plundering corporate data networks: "We're not winning," he said."
"The government’s chief consumer protection agency said on Monday that it intended to take direct aim at the vast industry that has grown up around the buying and selling of information about American consumers."
"The international financial system requires "drastic" reform if future crises are to be avoided, including more regional initiatives to tackle misaligned exchange rates and the wider use of capital controls, the head of a United Nations agency said."
"The Obama administration has approved guidelines that allow counterterrorism officials to lengthen the period of time they retain information about U.S. residents, even if they have no known connection to terrorism."
“Next stop Dow 57,757? Don’t count on it but Tuesday’s bullish session is in the books.”
"No one who has seen it forgets the "Twilight Zone" episode about a town in Ohio that lives in terror of a 6-year-old born with godlike powers."
"Mozy has released the results of a data protection survey which was produced by Mozy and independent market research firm Compass Partners. This found that an increasing number of professionals (80 percent) work remotely and rely on personal devices such as smartphones (63 percent), iPads (30 percent) and laptops (80 percent) to access company data."
"The Pentagon is accelerating efforts to develop a new generation of cyberweapons capable of disrupting enemy military networks even when those networks are not connected to the Internet, according to current and former U.S. officials."
"Regulators in the U.S. and European Union are investigating Google Inc. GOOG +0.83% for bypassing the privacy settings of millions of users of Apple Inc.'s AAPL -0.69% Safari Web browser, according to people familiar with the investigations. Google stopped the practice last month after being contacted by The Wall Street Journal."
"Until early Wednesday morning, Greg Smith was a largely anonymous 33-year-old midlevel executive at Goldman Sachs in London."
"During the five-month period between October and February, there were 86 reported attacks on computer systems in the United States that control critical infrastructure, factories and databases, according to the Department of Homeland Security, compared with 11 over the same period a year ago."
A searing indictment of the Nuclear Regulatory Commission, especially in light of the failures in Japan a year ago. We all need to pay attention to whether or not anything changes going forward.
"Impact Forecasting, a division of Aon Benfield, has published its monthly summary of major disasters around the world."
"Since Sunday, the sun has launched a barrage of flares, particle radiation and blobs of plasma that have disrupted some radio communications and forced airlines to reroute northern flights."
"Last year’s earthquake, tsunami and subsequent partial meltdown of two reactors at the Fukushima Dai-ichi nuclear plant presented numerous challenges for U.S. organizations with employees, facilities or critical suppliers in Japan."
"FBI Director Robert S. Mueller believes public-private collaboration is crucial to protect America from cyberattacks — a threat he thinks could become bigger than terrorism itself."
"Although most programs and organizations use risk management when developing and operating software-reliant systems, preventable failures continue to occur at an alarming rate."
The company has been telling users of its services — search, YouTube, Gmail, Google Maps and Google Docs, among others — that information it collects about users will be compiled in a single dossier for its use."
"John Degory has served as Knowledge Center’s chief operating officer for the past seven years."
"Last Thursday federal regulators, members of advertising trade groups and technology companies gathered in Washington to announce new initiatives to protect consumers’ privacy online."
"The Obama administration announced what it calls its “Privacy Bill of Rights” Thursday, a long-awaited framework suggesting how companies should protect consumer information online."
"A coalition of Internet giants including Google Inc. has agreed to support a do-not-track button to be embedded in most Web browsers—a move that the industry had been resisting for more than a year."
"People who constantly reach into a pocket to check a smartphone for bits of information will soon have another option: a pair of Google-made glasses that will be able to stream information to the wearer’s eyeballs in real time."
"The release this week of the U.S. Department of Homeland Security (DHS) fiscal year 2013 budget request and related documents has elicited praise and criticism as one would expect."
"Studies of last year's giant Tohoku earthquake and tsunami in Japan suggest that shaking from a Cascadia megaquake could be stronger than expected along the coasts of Washington, Oregon and British Columbia, researchers reported Sunday at the annual meeting of the American Association for the Advancement of Science."
"Google Inc. and other advertising companies have been bypassing the privacy settings of millions of people using Apple Inc.'s Web browser on their iPhones and computers—tracking the Web-browsing habits of people who intended for that kind of monitoring to be blocked."
"The address book in smartphones — where some of the user’s most personal data is carried — is free for app developers to take at will, often without the phone owner’s knowledge."
"A team of European and American mathematicians and cryptographers have discovered an unexpected weakness in the encryption system widely used worldwide for online shopping, banking, e-mail and other Internet services intended to remain private and secure."
"For those in emergency management, the last calendar year was an unusually busy and costly one."
"As a long-time business continuity professional and self-professed “disaster geek,” I’m intrigued by the way documentaries on the Discovery and History channels often tie into business continuity ideas."
"Facebook's new profile design, which it calls Timeline, has received mixed reviews from its users: Some like it for the more graphic interface while others prefer the old, streamlined design."
"The ghosts of two doomed antipiracy bills hang over a new and unrelated issue on Capitol Hill: proposed legislation to help secure the nation’s nuclear plants, water systems and other essential infrastructure from hackers and terrorists."
"There are two opposing approaches to social networking within the business continuity community. One approach advocates embracing social networking in business continuity, while the other stresses the tremendous risks associated with corporate mismanagement of social networking."
"2011 was a memorable year for those of us in the emergency management field — and for the many Americans impacted by disasters."
"Last week, Facebook filed documents with the government that will allow it to sell shares of stock to the public."
"People often write to Fixes telling us of cool new devices made for the poor: the sOccket soccer ball that stores energy as children kick it; the neoprene LifeWrap that hospitals can use to save women hemorrhaging in childbirth; adjustable eyeglasses."
"In December 2010 Google launched Message Continuity, a new cloud-based business continuity service for Microsoft Exchange enterprise users. Now, just over a year later, Google has announced the closure of the service, leaving hundreds of organizations with the headache of finding an alternative Microsoft Exchange business continuity service."
"As a flood of family photos, videos and holiday greetings hits the Internet this time of year, online users will be swarming the social-networking and photo-sharing sites that have become the personal scrapbooks of our time."
"What happened during the past 12 months that will reverberate in 2012 and beyond?"
"When hackers attack a company's systems and steal your personal data, what risk does that pose to you and other victims?"
While there are some folks in public safety who embrace the idea, many others are still on the fence or down-right resistant to the whole concept.
Reading this article, I was struck by how few of us actually understand what is done with data we post on the Internet. Google+ is a service I signed up for but rarely use, at least at this point. But it is only one of a range of services connected with Google. When the new policy comes out, it will behoove each of us to read it.
"2016 is looming as the year during which a gap in weather satellites could leave the nation without some of the severe storm data that’s vital to early warnings. "
Anyone who hasn’t been living under a rock with the Geico gecko has likely noticed that the banking industry has been taking it on the chin for the past couple years.
"FEMA has released a new document which looks at the future role of emergency and disaster management in the US."
"With a Web-wide protest on Wednesday that includes a 24-hour shutdown of the English-language Wikipedia, the legislative battle over two Internet piracy bills has reached an extraordinary moment — a political coming of age for a relatively young and disorganized industry that has largely steered clear of lobbying and other political games in Washington."
"The wave of online protests against two Congressional bills that aim to curtail copyright violations on the Internet is gathering momentum."
"When the Obama administration announced on Saturday its opposition to major elements of two Congressional bills intended to curtail copyright violations on the Internet, the technology industry, which has been loudly fighting the proposed legislation, could declare victory."
"Researchers at I.B.M. have stored and retrieved digital 1s and 0s from an array of just 12 atoms, pushing the boundaries of the magnetic storage of information to the edge of what is possible. "
"FEMA and its partners are working on the National Preparedness Report, which tracks the progress toward achieving the National Preparedness Goal and will help inform the President’s budget for preparedness efforts."
"Rising cybersecurity threats are pushing big banks to do something that doesn't come naturally for these secrecy-steeped institutions: share information with one another."
"In it, he shared some of his research on what over 50 former high-flying companies – like Enron, Tyco, WorldCom, Rubbermaid, and Schwinn – did to become complete failures. It turns out that the senior executives at the companies all had 7 Habits in common. Finkelstein calls them the Seven Habits of Spectacularly Unsuccessful Executives."
"Facebook Inc. and Twitter Inc. are building up their forces to fight an emerging enemy: "social" spam."
"Fujitsu has been commissioned to develop ‘seek and destroy’ malware, reportedly designed to track and disable the sources of cyber-attacks."
"Continuity Central makes five predictions for the big issues that may impact the business continuity profession in 2012."