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Davos Elites Warned About Catastrophic Cyberattacks
Tech Giants Invest in New Dreams of Grandeur
Protecting Privacy in a Job Search
Officials Say Ebola Cases Are Falling In West Africa
U.S. Attorney Preet Bharara to Challenge Insider Trading Ruling
Google Hopes to Take the Web Directly to Billions Lacking Access
Some VA whistleblowers get relief from retaliation
Ebola Response Provides Key Lessons for Risk Communications
Charlie Hebdo attack spurs EU anti-terror 'projects'
Patriot Act Idea Rises in France, and Is Ridiculed
London: Sexism and the City
Wasting Dimon’s time is the way we do things
Holder limits seized-asset sharing process that split billions with local, state police
JPMorgan Chase Chief Says ‘Banks Are Under Assault’
In New Congress, Wall St. Pushes to Undermine Dodd-Frank Reform
Ethics and Compliance Programs: Questions Boards May Want to Ask
Call for International Research Notes in A New Year
F.B.I. Is Broadening Surveillance Role, Report Shows
Obama to Announce Cybersecurity Plans in State of the Union Preview
Prosecutors weigh charges against David Petraeus involving classified information
Journalists must stand firm
Honda Fined $70 Million for Underreporting Safety Issues to Government
Terror Attack on Charlie Hebdo Newspaper in Paris Kills 12
Defiant on Witness Stand, Times Reporter Says Little
At the International CES, the Internet of Things Hits Home
Her Task Is to Wean the White House Off Floppy Disks
Courts ‘choose’ to lag behind on tech, says Chief Justice Roberts
Get ready: The FCC says it will vote on net neutrality in February
5 stupidly easy, science-based resolutions for people who spend too much time online
ThinkUp Helps the Social Network User See the Online Self
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Risk News

6/29/2012
Social media and incident management: making things easier

"Social media tools such as Twitter and Facebook are rapidly gaining acceptance as useful tools in the armoury of the incident manager".

Annie's take:

I learned a lot reading this article, which describes various tools available for incident managers (or the rest of us) to monitor breaking news on platforms like Twitter.

6/28/2012
JPMorgan Trading Loss May Reach $9 Billion

"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."

Annie's take:

Jamie Dimon has moved his strongest managers in to work through what went wrong in the Chief Investment Office and to unwind the rest of the position. He's been in worse spots before -- I'm just finishing "Last Man Standing" -- and I'm betting Chase will come through this a stronger company.

6/27/2012
FTC sues Wyndham Hotels over hacker breaches

"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."

Annie's take:

I've just made a note not to stay in Wyndham Hotels. This is a massive number of breaches for any one institution to have over an extended period of time.

6/26/2012
Heat-Driven Wildfires Continue to Consume the West

"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."

Annie's take:

The state of Colorado has been punished by wildfires for at least a month, and they appear to be increasing now. Experts say they have arrived a month early, which leads one to wonder what the months of July and August will look like.

6/25/2012
Lessons Learned From The Social Media Tabletop Exercise

"Today, within minutes of a disaster, the public begins to self-manage response via Facebook, Twitter, Open Street Map, and other social media systems."

Annie's take:

From the report, this looks to have been a terrific exercise. I especially like the recommendations in the article.

6/22/2012
Moody’s Cuts Credit Ratings of 15 Big Banks

"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."

Annie's take:

It remains to be seen just how impactful this downgrade will be.

6/21/2012
EBay Plans Data Center That Will Run on Alternative Energy Fuel Cells

"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."

Annie's take:

Hats off to EBay!

6/20/2012
Dimon, Testifying Before House, Stays on Message

"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."

Annie's take:

Now that Jamie Dimon has completed testimony in front of both the House of Representatives and the Senate, regulators will once again attempt to fine tune both Dodd-Frank and the Volcker Rule. Though the questions were tougher yesterday for Dimon, the fact remains that JPMorgan Chase has a well-oiled lobbying machine in place.

6/19/2012
Public Cloud or Private? Banks Map a Path Towards Both

"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."

Annie's take:

An inside look at how two large banks are slowly evolving their cloud strategies.

6/18/2012
Anthrax alert system at risk as cost estimate hits $5.7 billion

"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."

Annie's take:

The costs seemed to have escalated rapidly over the past several years. Is this still a good investment in risk management?

6/15/2012
Choosing a successful crisis management team leader

"Your organization has spent considerable resources preparing for disruptive events, and now a crisis is looming."

Annie's take:

It's not easy to pick out the essential characteristics of members of a crisis managment team, or even of the team leader. I like this summary of characteristics. For another view, see my own article on parallel topics in Continuity Insights.

6/14/2012
Real-Time Public Health Data Improves Situational Awareness

"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. "

Annie's take:

The public health field continues to lead the way in situational awareness tools

6/13/2012
U.S. Penalizes Online Company in Sale of Personal Data

"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."

Annie's take:

Background screenings are among the most complicated tools used by corporate recruiters. This case should set some precedent in the online arena.

6/12/2012
J.P. Morgan Knew of Risks

"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."

Annie's take:

JPMorgan Chase CEO Jamie Dimon testifies in front of Congress tomorrow. This article, written by three of the Wall Street Journal's best reporters, will complicate his testimony. Chase leadership clearly did not execute well on advice and concurrence it had on strategy to reduce these large positions.

6/11/2012
JP Morgan Chase Example Suggests That We Hasten Regulatory Reform

"The month of May was the beginning of what the oil business would call “a big gusher.” "

Annie's take:

I have not asked for addional regulation, but rather to consider what is necessary. Regulatory reform might in fact reduce some of the current regulation.

6/8/2012
In a Trustee’s Report, Some Light on MF Global’s Actions

"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."

Annie's take:

Along with Floyd Norris' searing explanation and indictment of GAAP in his column this morning, this article shows why there is still so much to be cleaned up in the world of banking and finance.

6/7/2012
LinkedIn Was Breached. Now What Do You Do?

"Security researchers have confirmed that a file containing 6.5 million encoded LinkedIn passwords has been posted to a Russian hacker site."

Annie's take:

The answer to the question in the headline is simple: change your password now. And, as the article points out, no matter how convenient it may seem in our stressed world, don't use the same password across multiple sites.

6/6/2012
Google to alert users about state-sponsored cyberattacks

"Google said Tuesday that the company will alert its users when it thinks they may be the target of a state-sponsored cyberattack."

Annie's take:

There's no doubt that this is a big play, and probably an enormous service, being provided by Google. It's worth remembering, though, that in order to provide the service they have tools other companies can only dream of.

6/4/2012
Cyber search engine Shodan exposes industrial control systems to new risks

"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. "

Annie's take:

Neither public nor private sector owners of infrastructure exposed by Shodan are going to be very happy about this article, but it is probably the only way that such critical infrastructure will become more secure.

6/1/2012
Corporate Culture as Ethical Firewall

"There are rarely yelling matches in business ethics."

Annie's take:

It's a pleasure to reprint this thought piece from former colleague James Meacham, who has been writing about business ethics for at least ten years.