Joseph Lieberman

For several days, Bank of America’s systems had problems. The problems – primarily denial of service disruptions – hit their web site and reportedly their mobile banking services.

For BofA, the nation’s largest bank based on assets, this was not the first issue or attack they experienced in the past year. Nor in fact, was BofA the only U.S. financial institution that has been experiencing what appears to be a series of directed cyber attacks. JPMorgan Chase and Citigroup also are reported to have been struck by similar related aggressive cyber activities, beginning last year. Keep reading →

As the Senate reconvenes to debate the Lieberman-Collins cybersecurity bill, President Obama himself has set the stakes in terms of preventing a future catastrophic attack. But some say the real and present danger is what’s happening under our noses right now, in an online theft of intellectual property that Cyber Command chief Gen. Keith Alexander called “the greatest transfer of wealth in history.” Keep reading →

Sen. John McCain (R-Az.) on Thursday ripped into the authors and supporters of the Cybersecurity Act of 2012 for what he called “legislative bullying,” suggesting that democrats are attempting to push a flawed bill through the Senate without input from those that oppose the bill.

During a hearing of the Senate Homeland Security and Governmental Affairs Committee, McCain sent an unexpected shot across the bow of committee chairman Sen. Joseph Lieberman (I-CT), stating that a lack of transparency in the legislative process that led to the drafting of the bill has now forced him and at least seven other Republicans to begin work on “an alternative” cybersecurity bill that they plan to introduce before the end of the month. Keep reading →

COMMENTARY – Some lawmakers on Capitol Hill are hell bent on implementing the recommendations of President Barack Obama’s Cyberspace Policy Review, in which the administration argued for a greater role for the Department of Homeland Security in securing the nation’s critical infrastructure from cyber attack.

And to prove how serious and misguided they are, some of these lawmakers like Sen. Joseph Lieberman (I-CT) and Sen. Majority Leader Harry Reid (D-NV) are about to introduce legislation that arguably will hurt innovation and jobs, and which may actually grant the DHS extraordinary regulatory powers that extend to the Internet. Keep reading →