CIOs face a common set of thorny challenges these days, namely the pressure to deliver innovations even as they seek to cut or hold down spending, according to an array of senior IT executives who spoke on Tuesday at the MIT Sloan CIO Symposium in Cambridge, Massachusetts.

A July cyberattack on Booz Allen Hamilton will not materially harm the company's bottom line, its CEO said Tuesday.

Booz Allen Hamilton on Tuesday confirmed that its network was hacked but suggested the break-in was more limited than attackers have described.

The Anonymous hacking group said Monday it had broken into military contractor Booz Allen Hamilton's network and posted 90,000 military e-mail addresses and passwords online.

Bank of America has assembled a 15- to 20-person team to come up with a damage control plan in the event Wikileaks follows through on its promise to release thousands of insider documents leaked to it, according to reports.