Are federal integrators where technology goes to die? Here’s why one Silicon Valley investor thinks so.

From: Washington Business Journal

Cybersecurity is a key area of investment for Allegis Capital. But if a promising startup says it’s going to target federal government, Managing Director Bob Ackerman shows them the door as fast as possible.

***

“Integrators are where technology goes to die,” Ackerman said.

It’s not their fault, he added — they’re as much a victim of government bureaucracy as any. But what typically happens is a large systems integrator buys a promising cyber startup at a premium, then the team gets frustrated and disenchanted by the bureaucracy, and leaves to start a new company.

‘It is Impossible to Technically Ban Decentralized Cryptocurrencies Due to the Nature of the Internet’ – Evgeny Volovik

From: CoinTelegraph

by Allen Scott

Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center.

The Federal Financial Monitoring Service (Rosfinmonitoring) reports directly to the President of the Russian Federation and is a federal executive body responsible for combating money laundering and terrorist financing.

The agency also develops and implements state policies, assesses threats to national security arising from money laundering, financing of terrorism and proliferation of weapons of mass destruction and develops measures to counter these threats.

SIFMA Offers 10 Principles for Cybersecurity Regulation

From: Corporate Counsel

Rebekah Mintzer, Corporate Counsel

In the financial sector, cybersecurity is the one issue that keeps generating unwelcome interest. Most recently, a massive attack on JPMorgan Chase & Co. compromised the financial account information of about 76 million households. As the danger to financial institutions becomes ever more apparent, it seems clear that more government regulation is on the horizon. A major Wall Street trade association, the Securities Industry and Financial Markets Association (SIFMA), has created a list of suggestions for how the government can best regulate cybersecurity in the financial sector.

CompTIA adopts federal framework for cybersecurity

From: The Hill

By Cory Bennett

The major IT industry group CompTIA has tweaked its security certification program to match the National Institute of Standards and Technology (NIST) cybersecurity framework.

CompTIA has board members from Comcast, Dell, Hewlett-Packard and Xerox. Its CompTIA Security Trustmark+ program evaluates companies’ cybersecurity architecture.

“We’ve strengthened the underpinnings of the Trustmark so that it aligns with other rigorous security compliance standards,” said Nancy Hammervik, CompTIA senior vice president for industry relations.

Read Complete Article

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Continuing Federal Cyber Breaches Warn Against Cybersecurity Regulation

Editor’s Note: For an overview of why federal regulation of critical infrastructure cyber security is inevitable and essential, see The Coming Cybersecurity Regulatory Revolution and Cost-Effectiveness: The Prerequisite for Cybersecurity Regulation.

From: The Heritage Foundation

By and

Recent high-profile private-sector hacks have once again put a spotlight on the issue of cybersecurity.[1] This is a serious problem that requires legislation to improve the United States’ cybersecurity posture, but the U.S. should not reflexively adopt government regulation of cyberspace as a solution. There are concerns that such a response would not be cost-effective and would have an adverse effect on innovation. It could also potentially create a mindset of compliance rather than of security. Additionally, the government’s own cybersecurity track record raises questions about the effectiveness of government cyber regulations.