I feel strange to write this but there is a nuanced take on the #SVB bank collapse that is not popular anywhere. What is happening is what is supposed to happen and uninvolved taxpayers are not paying for it. FDIC has taken over the bank and will sell its assets. Whatever it gets for those assets will be paid back to depositors. Despite VC financial illiteracy there is no bailout nor a need for one.
The two things that need more scrutiny are Thiel's involvement and the loosened regulations.
Short Takes – 3-11-23 – Railroad safety meeting – NRC device standards – SVB fail – Social Security spending – https://tinyurl.com/2bdzcaxy
OMB Receives TSA Surface Cybersecurity ICR Renewal Request 3-10-23 – Confusing numbers corrected – No change from emergency approval in October - https://chemical-facility-security-news.blogspot.com/2023/03/omb-receives-tsa-surface-cybersecurity.html #TSA #ICR
CRS Reports – Week of 3-4-23 – Cybersecurity Strategy – A summary of the Biden strategy and possible congressional action – https://chemical-facility-security-news.blogspot.com/2023/03/crs-reports-week-of-3-4-23.html #CRS #CyberSecurity
Review – Public ICS Disclosures – Week of 3-4-23 – 26 vendor disclosures – 2 exploits – Short version - https://chemical-facility-security-news.blogspot.com/2023/03/review-public-ics-disclosures-week-of-3.html #icsSecurity
Public ICS Disclosures – Week of 3-4-23 – 26 vendor disclosures – 2 exploits - https://patrickcoyle.substack.com/p/public-ics-disclosures-week-of-3-07f Subscription required #icsSecurity
CFSN Detailed Analysis - Substack Daily Update – 3-10-23 – Free Content – https://patrickcoyle.substack.com/p/substack-daily-update-3-10-23
Short Takes – 3-10-23 – Ring privacy – Budget battle – Cyber workforce strategy – GOP energy package – Atmospheric river ratings - https://chemical-facility-security-news.blogspot.com/2023/03/short-takes-3-10-23.html
Review - S 513 Introduced – Cyber Insurance – Would require DOC to convene an interagency working group to look at cybersecurity insurance issues – Short version – https://chemical-facility-security-news.blogspot.com/2023/03/review-s-513-introduced-cyber-insurance.html #Legislation
S 513 Introduced – Cyber Insurance – Would require DOC to convene an interagency working group to look at cybersecurity insurance issues – https://patrickcoyle.substack.com/p/s-513-introduced Subscription required #Legislation
**Balloon Warfare** Ukraine has balloon tanks to waste Russian missiles. China sent a 10 buck balloon to cost the US a million bucks. At any moment, China could send over a thousand balloons, claiming they are delivering fidget spinners. We need balloons to defend ourselves.
The defence balloons (db) would have tiny Chinese lasers aimed by AI. They would all have PGP, like freemo, to confirm identity. When required, they would pop the enemy balloons. What could go wrong? ...
Bills Introduced – 3-9-23 – 112 bills – HR 1484, pipeline defects – HR 1518, reauthorizing unauthorized federal programs (mentioned in passing) – https://chemical-facility-security-news.blogspot.com/2023/03/bills-introduced-3-9-23.html #Legislation
CFSN Detailed Analysis - Substack Daily Update – 3-9-23 – Free Content – https://tinyurl.com/yc2f4ksn
Short Takes – 3-9-23 – Not so smart intercoms – FY 2024 Budget Proposal – Ohio derailment communications – Lab leak theory - https://tinyurl.com/5fm6jjpt
Review – 5 Advisories Published – 3-9-23 – NCCIC-ICS control system security advisories for Hitachi Energy, STEP, ABB, B&R and Akuvox – Short version – https://tinyurl.com/yckkf4yw #icsSecurity
5 Advisories Published – 3-9-23 – NCCIC-ICS control system security advisories for Hitachi Energy, STEP, ABB, B&R and Akuvox – https://tinyurl.com/ynm7vy9r Subscription required #icsSecurity
Review - TSA Publishes 30-day Surface Cybersecurity ICR Renewal Notice – 3-29-23 – Follow-up to the emergency update for the latest TSA surface transportation security directive last fall – Short version – https://chemical-facility-security-news.blogspot.com/2023/03/review-tsa-publishes-30-day-surface.html #TSA #ICR
TSA Publishes 30-day Surface Cybersecurity ICR Renewal Notice – 3-29-23 – Follow-up to the emergency update for the latest TSA surface transportation security directive last fall - https://patrickcoyle.substack.com/p/tsa-publishes-30-day-surface-cybersecurity #TSA #ICR
CFSN Detailed Analysis - Substack Daily Update – 3-8-23 – Free Content – https://tinyurl.com/5n8jtnw6
The FBI is investigating a data breach affecting U.S. House of Representatives members and staff after their account and personal information was stolen from DC Health Link's servers.