Cyber Attack Cost EMC $66 Million

According to its earnings call released yesterday, EMC Corporation spent $66 million in the second quarter to combat a cyber attack that compromised its RSA security division.

The company used a significant portion of the money for transaction monitoring for the company’s corporate customers following the attack. EMC also offered replacements to any company that requested them.

“We incurred an accrued cost associated with investigating the attack, hardening…

Lockheed Martin Reaches IT Services Milestone

Lockheed Martin (NYSE: LMT) today announced it has successfully achieved ISO 20000 certification for its Information Systems & Global Solutions business area.

With two internationally recognized certifications in IT services and information security standards positions, Lockheed Martin is one of a handful U.S.-based companies and government organizations to accomplish…

Report: Cloud Security Still No. 1 Concern among Federal IT Leaders

Despite security being the primary concern among government IT decision-makers when it comes to cloud computing, many are still considering cloud applications for their agencies, according to new report.

Lockheed Martin (NYSE: LMT) and its Cyber Security Alliance partners today released a study in which two-thirds…

DARPA Builds Cyberwar Virtual Firing Range

Amid the onslaught of cyber attacks striking both public and private sectors, the federal government has pooled its offensive efforts into the National Cyber Range project, an initiative that will boost cyber-defense technologies and help train a cybersecurity workforce, Reuters reports.

Together with companies such as defense contractor Lockheed Martin and…

China: We Must Accelerate Steps to Make a Strong Cyber Army

China must enhance its cyberwarfare capabilities to counter a Pentagon push, the country’s top military newspaper said yesterday, following allegations that Beijing may be behind a series of cyber attacks on Lockheed Martin and other defense contractors, Reuters reports.

Countering the accusations against China, a report published in the official newspaper…

McAfee CSO Predicts New Cold War in Cyber Domain, ‘Hackers for Hire’

Although the Cold War between the United States and Russia ended two decades ago, a former counterintelligence specialist says a new conflict between the United States and China together with North Korea has emerged in cyberspace.

McAfee Chief Security Officer Brett Wahlin, an ex-NATO counterintelligence agent, told Computerworld Australia the

Lockheed Martin’s BlackCloud Slashes Risk, Cost for Private Clouds

Lockheed Martin (NYSE: LMT) today announced BlackCloud, a secure turnkey private cloud solution for federal agencies designed to cut risk while addressing compliance and mission requirements.

BlackCloud incorporates Lockheed Martin’s architecture with solutions from Cyber Security Alliance partners Cisco, NetApp, and VMware to offer secure multitenancy in…

Government Official: Terrorists Lack Tech Skills to Pull Off Large-scale Cyber Blitz

A senior counterterrorism official says terrorist groups do not yet have the technical skills to launch a major cyber attack against the United States, The Associated Press reports.

Daniel Benjamin, State Department counterterrorism coordinator, said while insurgents are pursuing the emerging threat of such an attack, the majority…

SEC Considers Updating Disclosure Requirement for Breaches on Public Firms

Securities and Exchange Commission Chairman Mary Schapiro will “seriously consider” issuing additional guidance detailing when public companies should notify the public about cybersecurity breaches, Reuters reports.

“Although we are not aware that investors have asked for more disclosure in this area, I have asked the commission staff to provide me…

Boeing Exec Admits Firm Being under ‘Continuous’ Attack by Hackers

Following last week’s media reports that Google, Lockheed Martin, L-3 and Northrop Grumman had recently been targeted by hackers, aerospace giant Boeing has now admitted to being under  “continuous” cyber attack, although it has been spared from database breaches, a senior executive said.

“We, as are other global enterprises, are under a continuous state of cyber attack and cyber probing,” Dennis Muilenburg, chief…