Request Demo

Excerpts from the ABA response:  

"It's time to get serious about building a security infrastructure that brings banks, payment networks and retailers together to safeguard sensitive financial data," James Ballentine, executive vice president, congressional relations and public affairs for the ABA, wrote to the members of the U.S. Senate and House of Representatives. "It's time to pass a strong, consistent national standard for fighting data breaches and give consumers the protection they deserve."

The first step toward protecting federal networks: abiding by the NIST cybersecurity framework, Homeland Security adviser Tom Bossert explained at a press conference about the order. Although the government established the framework in 2013 for private companies, it has yet to follow it. "If we don't move to shared services, we have 190 agencies all trying to develop their own defenses against advanced collection efforts," Bossert explained.

Read the source article in Lexology.

You may also like

Integrating GRC: Governance, ...
on June 6, 2019

In our Integrating Governance Risk and Compliance series, CyberSaint leadership explores the process through which cybersecurity leaders can reconfigure their organizations to ...

Jerry Layden
Critical Capabilities of Cyber ...
on June 4, 2019

As Boards and CEOs start taking a greater concern with the security posture of their enterprise, CISOs and information security teams are being faced with translating their cyber ...

Integrating Governance, Risk, and ...
on May 30, 2019

When Gartner released the magic quadrant for integrated risk management (IRM) in 2018 rather than for governance risk and compliance (GRC), members of the information security ...

An Integrated Risk Management ...
on May 28, 2019

As cybersecurity is elevated to a Board- and CEO-level issue, the role it plays in overall enterprise risk management is is becoming more apparent. With that comes a need for an ...

Using NIST 800-30 To Implement The ...
on May 23, 2019

The National Institutes of Standard and Technology’s Risk Management Framework (RMF) is a foundational aspect to managing cybersecurity risk. When coupled with the NIST ...

NIST Cybersecurity Framework Tool ...
on May 21, 2019

For almost all organizations large and small the National Institute of Standards and Technology (NIST) Cybersecurity Framework (CSF) represents the gold standard for managing ...