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Obama Encryption Policy: White House Will Not Force Companies To Decode Encrypted Data

Obama Encryption Policy: White House Will Not Force Companies To Decode Encrypted Data

Oct 10, 2015
After the revelations that Whistleblower Edward Snowden made about the United States National Security Agency (NSA), the U.S. citizens are in need of more transparent digital security. The Citizens of the United States have appealed to the Obama Administration through a campaign for rejecting any policy, mandate or law that stands against their security in the cyberspace and adopt strong encryption for them. The Washington Post reported that the Obama Administration has agreed partially on the encrypted communications issue. "The administration has decided not to seek a legislative remedy now, but it makes sense to continue the conversations with industry," James B. Comey , FBI Director, said at a Senate hearing Thursday of the Homeland Security and Governmental Affairs Committee. This decision is considered as the Status Quo. It is like a win-win situation to decrease the tension because of the Petition and regard the law enforcement agencies as well a
World War C report - Motives behind State Sponsored Cyber Attacks

World War C report - Motives behind State Sponsored Cyber Attacks

Oct 03, 2013
Nation-state driven cyber attacks are routinely conducted on a global scale to defend national sovereignty and project national power. We are living in the cyber era, human conflict is involving also the fifth domain of warfare , the cyberspace . As never before disputes take place with blows of bits, militias of every government are developing cyber capabilities dedicating great effort for the establishment of cyber units . Network security company, FireEye, has released a report titled " World War C: Understanding Nation-State Motives Behind Today's Advanced Cyber Attacks " which describes the effort spent by governments in cyber warfare context, the document analyzes in detail the different approaches adopted by various countries in conducting nation-state driven cyber attacks . Security experts highlight the intensification of state-sponsored attacks for both cyber espionage and sabotage purpose, campaigns such as Moonlight Maze and Titan Rain or the destruc
Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Cybersecurity Tactics FinServ Institutions Can Bank On in 2024

Feb 14, 2024Financial Security / Cyber Threats
The landscape of cybersecurity in financial services is undergoing a rapid transformation. Cybercriminals are exploiting advanced technologies and methodologies, making traditional security measures obsolete. The challenges are compounded for community banks that must safeguard sensitive financial data against the same level of sophisticated threats as larger institutions, but often with more limited resources. The FinServ Threat Landscape Recent trends show an alarming increase in sophisticated cyber-attacks. Cybercriminals now deploy advanced techniques like deep fake technology and AI-powered attacks, making it increasingly difficult for banks to differentiate between legitimate and malicious activities. These developments necessitate a shift towards more sophisticated and adaptive cybersecurity measures. Take these industry statistics, for example. Financial firms report 703 cyberattack attempts per week.1 On average, 270 attacks (entailing unauthorized access of data, appl
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