Tag Archives: Banks

Cybersecurity and corporate responsibility – It’s time for Regulators to put their foot down

One in four Americans (25 percent) fell victim to information security breaches in the past year, according to a new survey from the AICPA conducted by Harris Poll. This represents a staggering growth from last year’s survey (about 11%)See-  http://www.accountingtoday.com/blogs/accounting-tomorrow/news/one-in-four-americans-victims-of-information-security-breaches-survey-finds-74353-1.html And even more troubling figure is that 86 percent of adults reported some concern in

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Israeli Regulator Directs Banks to focus on Cyber security management (a guest post by Anne F. La Lena)

Congratulations to David Zaken, Supervisor of Banks at the Bank of Israel, for wading in, no, for jumping in with both feet in potentially shark-infested waters of cyber regulation, with the recent issuance of “Directive 361”, Cyber-security Management, aimed at banks and credit card companies. (The original directive in Hebrew can found here: http://www.boi.org.il/he/BankingSupervision/SupervisorsDirectives/DocLib/361.pdf) The purpose

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