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New ISACA Survey Shows 86% See a Cybersecurity Skills Shortage

January 20, 2015 - A new global survey of more than 3,400 members of IT association ISACA shows that close to half (46 percent) of respondents expect their organization to face a cyberattack in 2015 and 83 percent believe cyberattacks are one of the top three threats facing organizations today. Yet an alarming 86 percent say there is a global shortage of skilled cybersecurity professionals and only 38 percent feel prepared to fend off a sophisticated attack. The 2015 Global Cybersecurity Status Report survey was conducted just one week before US President Barack Obama’s State of the Union address, which will discuss a range of actions to reduce cyberthreats and data privacy risks.

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US and UK to stage cyber war game against banks

January 16, 2015 - The US and UK are to wage a series of cyber 'war games' against each other to test the resilience of the two country's defences against online criminals, beginning with a mock exercise directed at the banking and finance sector.

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Obama sets out data breach notification legislation

January 13, 2015 - President Barack Obama has outlined plans to require companies that suffer data breaches to alert affected customers within 30 days.

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Standard Chartered in hunt for new chief risk officer and CIO as incumbents retire

January 9, 2015 - Standard Chartered PLC "the Group" is announcing the retirement of Richard Goulding as Chief Risk Officer and Jan Verplancke as Chief Information Officer and Group Head of Technology and Operations from the Group, and as Directors of the Court of Standard Chartered Bank.

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IBM cyber crime data offers both good and bad news for retailers

January 8, 2015 - First the good news: The number of cyber attacks on retailers dropped by half in 2014. The bad news? The thieves are escaping with much bigger hauls as assaults show a greater degree of sophistication.

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US community banks claim $90 million costs for Home Depot breach

December 19, 2014 - US community banks are calling for a crackdown on merchant security protocols after reissuing nearly 7.5 million credit and debit cards at a total cost of more than $90 million as a result of the Home Depot data breach.

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