Wednesday, December 2, 2020

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HHS Deputy CISO Spearheads Cybersecurity Effort

Department of Health and Human Services deputy CISO Leo Scanlon will lead the department’s efforts to focus on cybersecurity into the next administration. HHS is updating Scanlon’s role to account for the need for a senior cybersecurity advisor for the healthcare sector. Among its recent efforts, HHS has launched a working group to coordinate cyber […]
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HHS OIG: Medicare Contractors Struggle with Security Gaps

A new audit by the Department of Health and Human Services Office of Inspector General found significant gaps in the information security programs of nine contractors providing Medicare with administrative services. OIG identified a total of 149 security gaps, including 22 considered high-risk. The gaps included a lack of policies and procedures to reduce risk […]
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Senate Bill Proposes Select Cyber Committee

A new bill introduced in the Senate would create a Select Committee on Cybersecurity intended to serve as a central oversight body for cybersecurity across government. The committee would be empowered to write legislation, provide oversight, organize investigations, coordinate with the intelligence community, and make recommendations to the executive branch. Introduced by Senators Cory Gardner […]
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FireEye and Marsh & McLennan at the World Economic Form – A Closer Look at...

During this week’s World Economic Forum (WEF) in Switzerland, FireEye and Marsh & McLennan Companies released a cyber risk report that focuses on a fundamental challenge facing the European Union – the evolving threat landscape and the region’s ability to address new cyber threats. This FireEye-Marsh report – Cyber Threats: A Perfect Storm About To […]
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Accountants Push Back Against Federal Cyber Rules for Banks

The Association of International Certified Professional Accountants, the Center for Audit Quality, and the Institute of Internal Auditors are calling on federal financial regulators to recast their proposed new cybersecurity rules for the largest banks and their service providers. The organizations argue that any new rules should establish high-level principles and flexible best practices, and […]
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DHS Contractor? Pricey New Cybersecurity Requirements (and Hidden Risks) May Await You

The Department of Homeland Security’s three proposed rules imposing additional cybersecurity requirements on the department’s contractors may be delayed by the new administration, but still could dramatically alter the compliance landscape. The rule propose additional contractor requirements for safeguarding, handling, reporting, and training in relation to controlled unclassified information, IT awareness, and privacy. In addition […]
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SEC’s Yahoo Data Breach Probe Could Set a Precedent, Defense Lawyers Say

If the Securities and Exchange Commission determines Yahoo should have disclosed the massive breaches of its systems to investors much earlier than 2016, any fines or enforcement actions would become the first SEC case involving failure to disclose a breach to shareholders. Defense attorneys specializing in securities and data breach issues say Yahoo’s predicament highlights […]
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Sen. Rounds Should Be Effective Cybersecurity Panel Head

Experts say Senator Mike Rounds (R-SD) will be an effective leader of the Senate Armed Services Cybersecurity Subcommittee, despite not having any special cyber expertise. According to James Andrew Lewis, the Center for Strategic & International Studies’ senior vice president and director of the strategic technologies program, Rounds’ background in national security and defense are […]
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Yahoo Delays Closing of Verizon Deal

In its latest earnings statement, Yahoo announced its deal with Verizon would not close until the second quarter of this year, pushing back the planned acquisition from the first quarter of 2017. According to the statement, while Yahoo continues to work to close the deal, more work is needed to meet the acquisition’s closing conditions. […]
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Financial Regulators Extend Comment Period on Enhanced Cyber Risk Management Standards

The Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation have re-opened the comment period for a joint advance notice of proposed rulemaking regarding enhanced cyber risk management standards for large financial institutions and their service providers. The ANPR addresses five categories of cyber […]
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