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Model Validation - Not Just for Quants

2006-12-26 05:10:00 by Jomni in Risk Management Quant
 
In an article recently published in the ERisk Monthly Newsletter , it is stated that model validation is not a purely quantitative endeavor. Below is a quote from the article Model validation is often thought of as a rather technical and mathematical exercise. However, bank losses from model risk are often caused by poor governance of the...
 
 
 
 
 
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Security Policy Considerations for the Junk FAX Prevention Act

2007-12-27 08:56:05 by Editor in Information Security Policy Whitepapers
 
New FCC rules for the Junk Fax Prevention Act of 2005 have changed the way organizations must handle outbound customer communications via FAX technology. In this article we look at the main provisions of the recent ruling and suggest some audits of your information security policies that may help reduce the risk of violating the new FAX...
 
 
 
 
 
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The Return on Investment for Securing Information

2007-08-13 00:00:00 by Sean Kline in Speaking of Security, the RSA Blog and Podcast
 
There have been quite a few blogs written about the Return on Investment (ROI) of security. Amrit Williams has several links in his recent discussion of the topic. This reminds me of some work that I did with BearingPoint on the ROI of a Services-Oriented Architecture (SOA), a similarly challenging area in which to quantify value. The framework...
 
 
 
 
 
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Will the recent cyber attacks on Estonia be a wake up call for European and U.S. leaders?

2007-07-02 00:00:00 by Shannon Kellogg in Speaking of Security, the RSA Blog and Podcast
 
Will the recent cyber attacks on Estonia be a wake up call for European and U.S. leaders? According to a Reuters story on Friday, June 30th, the answer is apparently yes at least on the other side of the Atlantic Ocean. What about the U.S
 
 
 
 
 
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White House issues updated guidance to federal agencies for safeguarding sensitive information

2007-05-30 00:00:00 by Shannon Kellogg in Speaking of Security, the RSA Blog and Podcast
 
On May 22, 2007, the U.S. Office of Management and Budget (OMB) issued new guidance to federal agencies for both safeguarding sensitive data and responding to a data breach if one occurs. The memo, entitled Safeguarding Against and Responding to the Breach of Personally Identifiable Information " was sent by Clay Johnson, Deputy Director of...
 
 
 
 
 
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Article: Dissecting and Digging Application Source Code for Vulnerabilities

2007-12-27 13:33:07 by Editor in Help Net Security - News
 
Application source code scanning for vulnerability detection is an interesting challenge and relatively complex problem as well. There are several security issues which are difficult to identify using
 
 
 
 
 
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Halvar Flake Denied Entry to U.S. for Black Hat

2007-07-29 12:39:01 by Editor in Cheap Hack
 
Respected security researcher Halvar Flake has been denied entry to the United States for his presentation at Black Hat. It's all over some stupid technicality of the contract with Black Hat being with him personally and not his company. In the process of interrogating him over it the DHS actually asked why the training he's doing couldn't be...
 
 
 
 
 
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Microsoft: Thank You For Buying Pirated Vista

2007-07-24 22:21:34 by Editor in Cheap Hack
 
Microsoft announced in a blog entry "the largest bust of counterfeit software manufacturing or distribution ever." A lot of pirated Windows Vista was sold by the gang that got busted. The main point of the blog is to celebrate the role of WGA (Windows Genuine Advantage, the copy protection in Windows) . People who bought the pirated copies tried...
 
 
 
 
 
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Dissecting and Digging Application Source Code for Vulnerabilities

2007-12-27 13:33:07 by Editor in Help Net Security - Articles
 
Application source code scanning for vulnerability detection is an interesting challenge and relatively complex problem as well. There are several security issues which are difficult to identify using