Managers at all levels must understand their responsibilities in providing role-based cybersecurity training, says Patricia Toth, a computer scientist at the National Institute of Standards and Technology.
The NIST cybersecurity framework will help U.S. banking institutions assess their security strategies, but some institutions fear the framework could trigger unnecessary regulations, says Bill Stewart of Booz Allen Hamilton.
Can the two most feared nations in cyberspace finally come to an agreement to stop hacking each other and stealing confidential data? Here's one peace-making approach worthy of consideration.
Wayne Dunn, CTO of HarborOne Bank in New England, says improving vendor management is a top security priority for institutions in 2014. As more core banking functions are outsourced, due diligence becomes increasingly critical.
In case you missed ISMG's 2013 Fraud Summit - or even if you were there and want to share insights with colleagues - I'm pleased to announce the availability of a series of session videos featuring top fraud experts.
U.S. Attorney Steve Wiggington says identity theft, especially linked to card skimming, is still the No. 1 fraud threat facing financial services institutions as well as consumers. He stresses information sharing is critical for fighting fraud.
The breach of a card loyalty marketing company that exposed card data and other personally identifiable information illustrates the privacy vulnerabilities third parties pose, experts say.
In mitigating insider threats, technology should be used in conjunction with information sharing and risk-prevention business practices, says Jason Clark, a researcher at Carnegie Mellon University.
As Michigan deploys its Cyber Civilian Corps, the state will need to address some of the same challenges the federal government faces in sharing cyberthreat information between the government and the private sector, state CIO David Behen says.
Senior leaders in business and government are buying in to the need for more cybersecurity investments as well as threat-intelligence sharing, new research shows. But why are they still struggling to hire the right security pros?
Reliable statistics to track trends in cybersecurity employment are scarce. But the available numbers offer some insights, including the relative strength of the IT security workforce.
Sharing information about cyber-attacks is making a difference in the banking sector, helping bring criminals to justice and curbing fraud losses. Other sectors should learn from banking's example.
Learn why Frederick Chang, the new head of the cybersecurity program at Southern Methodist University, says the time has come to create a "science of security" that abandons the current reactive strategy.
Open enrollment season for Obamacare as well as employer-offered health insurance is prime time for phishing scams, so it's urgent to remind consumers about the risks, security experts say.
Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.
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