- News & Events
August 19, 2013
As if dropping billions in direct and collateral damage — losing customers; harming a company’s brand; law suits — weren’t enough to get business to hike up cybersecurity, the Washington Post reports that the federal government could be adding incentives.
Following President Obama’s executive order for improving the protection of physical and virtual assets, U.S. Cybersecurity Coordinator Michael Daniel offers business eight ways to voluntarily adopt measures to improve cybersecurity. These are:
• Collaborating with the insurance industry to provide cybersecurity insurance
• Offering federal grants
• Expediting government services to those who put protections in place
• Pushing for measures to limit liability
• Streamlining existing legal regulations to make it easier for participants to comply with new standards
• Publicly recognizing participants
• Allowing businesses to recover some of their cybersecurity investments
• Emphasizing cybersecurity research to help participants find solutions to their specific cybersecurity problems
However, notes Mohana Ravindranath in the Post story, “What steps the administration ultimately takes depend on discussions with the industry as the government finalizes a cybersecurity framework.”
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Posted by Dan Rampe
Tags: Account Takeover, Account Takeover Fraud, Bank Fraud, Botnets, CNP fraud, Cookieless Device Identification, Cookies, Credit Card Fraud, Cyber attacks, Cyber Warfare, Device Detection, Device Fingerprint, Device Fingerprinting, Device ID, Device Identification, Fraud Prevention, Identity theft, Malware, Malware Protection, Man-in-the-Browser Detection, MitB, Mobile fraud, Online Fraud, PII, ThreatMetrix, ThreatMetrix Global Trust Intelligence Network, TrustDefender Cybercrime Protection Platform, Web Fraud