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Daily Archives: December 29, 2014

Cybersecurity Issues and Challenges: In Brief

CRS – Cybersecurity Issues and Challenges: In Brief. Eric A. Fischer, Senior Specialist in Science and Technology. December 16, 2014.

“The information and communications technology (ICT) industry has evolved greatly over the last half century. The technology is ubiquitous and increasingly integral to almost every facet of modern society. ICT devices and components are generally interdependent, and disruption of one may affect many others. Over the past several years, experts and policy makers have expressed increasing concerns about protecting ICT systems from cyberattacks, which many experts expect to increase in frequency and severity over the next several years. The act of protecting ICT systems and their contents has come to be known as cybersecurity. A broad and arguably somewhat fuzzy concept, cybersecurity can be a useful term but tends to defy precise definition. It is also sometimes inappropriately conflated with other concepts such as privacy, information sharing, intelligence gathering, and surveillance. However, cybersecurity can be an important tool in protecting privacy and preventing unauthorized surveillance, and information sharing and intelligence gathering can be useful tools for effecting cybersecurity. The management of risk to information systems is considered fundamental to effective cybersecurity. The risks associated with any attack depend on three factors: threats (who is attacking), vulnerabilities (how they are attacking), and impacts (what the attack does). Most cyberattacks have limited impacts, but a successful attack on some components of critical infrastructure (CI)—most of which is held by the private sector—could have significant effects on national security, the economy, and the livelihood and safety of individual citizens. Reducing such risks usually involves removing threat sources, addressing vulnerabilities, and lessening impacts. The federal role in cybersecurity involves both securing federal systems and assisting in protecting nonfederal systems. Under current law, all federal agencies have cybersecurity responsibilities relating to their own systems, and many have sector-specific responsibilities for CI. On average, federal agencies spend more than 10% of their annual ICT budgets on cybersecurity.”

Aggregate Reserves of Depository Institutions and the Monetary Base

“The H.3 release [Release Date: December 29, 2014] provides data on aggregate reserves of depository institutions, including required reserves, total reserves, reserve balances maintained, interest paid on reserve balances maintained, nonborrowed reserves, and borrowings by depository institutions from the Federal Reserve’s discount window. The release also provides data on the monetary base, which includes currency… Continue Reading

City of Los Angeles v. Patel

Lamparello, Adam, City of Los Angeles v. Patel: The Upcoming Supreme Court Case No One is Talking About (December 27, 2014). Available at SSRN: http://ssrn.com/abstract=2543157 “Focusing solely on whether a hotel owner has a reasonable expectation of privacy in a guest registry is akin to asking whether Verizon Wireless has a reasonable expectation of privacy… Continue Reading

A National View of Students with Some College Enrollment, but No Completion

Shapiro, D., Dundar, A., Yuan, X., Harrell, A., Wild, J., Ziskin, M. (2014, July). Some College, No Degree: A National View of Students with Some College Enrollment, but No Completion (Signature Report No. 7). Herndon, VA: National Student Clearinghouse Research Center. “Over the past 20 years, more than 31 million students have enrolled in college… Continue Reading

T-Mobile to Pay At Least $90 Million, Including Full Consumer Refunds To Settle FTC Mobile Cramming Case

News release: “T-Mobile has agreed to fully refund its customers for unwanted third-party charges it placed on their phone bills, a practice known as mobile cramming, paying at least $90 million to settle a Federal Trade Commission lawsuit filed earlier this year. In addition to the full refunds T-Mobile is providing, which will resolve the FTC’s… Continue Reading

Census Bureau Projects U.S. and World Populations on New Year’s Day

“As our nation prepares to ring in the new year, the U.S. Census Bureau today projected the United States population will be 320,090,857 on Jan. 1, 2015. This represents an increase of 2,334,187, or 0.73 percent, from New Year’s Day 2014, and 11,345,319, or 3.67 percent, since Census Day (April 1) 2010. In January 2015, the… Continue Reading