Companies should be paying more attention to Supply Chain RiskManagement in their Information Communications Technology, arguesOperational Risk Management. With cybersecurity risks,important research and development projects or M&A activitydetails may be at risk of hacking. But operational risk managementfundamentals can also be applied to cyber issues: identify, assess,decide, implement, audit and supervise.

The post also argues for effective federal legislation to combatthe situation, mentioning the Cybersecurity Act of 2012, which died in the Senate last week.According to Dave Aitael, CEO of security company Immunity Inc., “what thisbill does—it recognizes 'critical' industries like energy,transportation, emergency services and financial networks, as thenew targets in the cyberwar battlefield and requires them toupgrade to military-style defense.”

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