Assessment of Internet Security Recommended
April 17, 2014
New Report Advocates for System-wide Assessment of Internet Security by Companies and Governments
On the Hill
- Yesterday marked the one-year anniversary of the release of S. 744, the comprehensive immigration bill crafted by the Senate’s Gang of Eight. The legislation has not yet passed in the House of Representatives. President Obama and House Majority Leader Eric Cantor spoke over the phone yesterday, but a subsequent statement by Congressman Cantor suggests that the White House and the House of Representatives have not reached agreement over the nature and substance of immigration reform.
- Initial jobless claims, which show the number of individuals filing for unemployment insurance for the first time, increased slightly to 304,000 this week. The four-week moving average is 312,000 claims, the lowest level since October 2007.
- The Philly Fed index increased 7.6 points to 16.6, signaling the strongest rate of monthly manufacturing growth in the Mid-Atlantic region since September.
- A report released yesterday by the Atlantic Council and the Zurich Insurance Group is advocating for a system-wide assessment of Internet security by companies and governments. In light of the recent Heartbleed disclosure, cybersecurity specialists are arguing that the increasingly-interconnected Internet must be evaluated using a holistic, rather than ad-hoc, framework. According to the report, the economic implications of a significant network failure could paralyze major companies and precipitate a financial crisis.
- Janet Yellen indicated yesterday that the Federal Reserve Bank will continue to support the economic recovery with low interest rates that support its inflation and employment goals. The comments were received positively in India where the S&P BSE Sensex saw stocks rise by 1.6% – its first increase in four days.