Citibank Computers Hacked by Russian Cyber Gang

In additional cyber security news, the Wall Street Journal reported today that Citibank was the victim of a hack by what appears to be a Russian cyber gang that resulted in the loss of tens of millions of dollars. The attack also targeted two other entities, at least one of which is a government agency.  The attack was discovered over the summer, but could have taken place as much as a year earlier.  The case is being investigated by the FBI with... [Read More...]

Obama Appoints Cyber Security Czar – Howard A Schmidt

Seven months into his term, President Obama has appointed Howard A. Schmidt to the role of cyber security chief.  He will report to the National Security Council and will have regular access to the President. Mr. Schmidt is an industry veteran who previously served the Bush White House.  He was formerly the chief information security officer at Ebay, the chief information officer at Microsoft and worked in computer security for the Air Force, the... [Read More...]