BITS, the technology policy division of The Financial Services Roundtable, has just named a new VP of cybersecurity and fraud prevention. What's John Carlson's mission, and what's it mean to banks?
Value? It's coming in more shapes and forms than ever before, says Kosta Peric of SWIFT. So how can financial institutions embrace these new values and provide products and services that meet growing consumer demand?
Vulnerabilities in applications developed for the Commonwealth of Pennsylvania contributed to a major security breach a few years back, one that state CISO Erik Avakian does not want repeated.
Customers want to be involved with their banking security, but few institutions allow them to play active roles in fraud prevention. What has to change?
The draft legislation would have the Department of Homeland Security conduct risk assessments on critical national IT systems and lead efforts to adopt use of new technologies and practices to keep pace with emerging cyberthreats.
Understanding the definition is merely the beginning. Helping determine the role government should have over the critical infrastructure is something that shouldn't be left solely to lawmakers.
What's really scary, beyond the obvious, is the risk this hidden software poses to organizations trying to protect the security of their data and the privacy of their employees.
A card compromise at a California-based grocery chain has raised questions about the efficacy of PCI-DSS. Experts say even if merchants are compliant, fraudsters can easily get around the security measures.
"Cybersecurity remains a priority for my administration, and we are committed to protecting our critical infrastructure by taking decisive action against cyberthreats," President Obama says in a proclamation designating December Critical Infrastructure Protection Month.
In their efforts to conform with the FFIEC authentication guidance, many financial institutions are caught off-guard by the overall cost of enhanced detection and authentication for online banking. Why?
Accountable Care Organizations that will be formed to coordinate treatment of some Medicare patients must make HIPAA compliance, including risk assessments, a top priority, says security expert Rebecca Herold.
Legislation to give the federal government authority to share classified cyber-threat information with approved American companies was introduced in the Congress by the chairman and ranking member of the House Intelligence Committee.
Bank of America, a pioneer in mobile banking, says mobile is hot, but it also opens financial institutions to unknown risks. What proactive steps should banks and credit unions take to ensure they're ready?
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