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OCC Enters Consent Order Against ‘Digital Bank’

The Office of the Comptroller of the Currency or OCC regulates federally chartered banks. Digital banks, AKA crypto vunder-kids, would like to get a bank charter for a number of reasons. One reason is that they want access to the international banking network. Another is to show that they are all grown up. But if […]

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Security News for the Week Ending April 15, 2022

Cyber Command Says Chip Shortage is a National Security Issue The head of U.S. Cyber Command, General Paul Nakasone, told Congress that China’s continued progress towards domestic chip production is a problem. If China achieves chip independence, that puts them in a position to do what they want and not worry about sanctions. For example, […]

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We’re From the Government and We’re Here to Let Your Information Get Hacked

All software has bugs. But some software has more bugs than others. And some organizations are better at finding and fixing those bugs. Just not those in the public sector. Veracode, the code scanning tool/defect finding tool vendor scans a lot of apps a lot of times. Here is a bit of data that should […]

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Why Passwords Don’t Hack It Anymore

Security folks (like me) have been telling people for years that passwords are just not secure enough anymore. Now we have another reason that is true. Companies have been promoting single sign on as a way around the insecurity of passwords, but now, even that is not secure anymore. Multifactor authentication helps, but even that […]

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