It's time to get real.
As we tackle this wild economy, which has deflated the market, toppled institutions, written history ... it's time to hear from real people to gain real insights on the events that are reshaping reality for us all.
Consider this my open call, then. Banking leaders: I'd like to speak to you...
And so the hits just keep on coming.
Just when you think you've seen the biggest bank failure in modern times in IndyMac, WaMu comes along and tops them all.
Just when you think you've seen the blackest of Black Mondays in your lifetime, a darker day dawns, and the stock market reels from a record plunge of 777...
It's all anyone wants to talk about.
In the wake of Washington Mutual's historic failure last week and the Wachovia takeover today, all anyone wants to discuss is the enormity of these events what they mean to the banking industry.
This time the news was so big it couldn't even wait til Friday.
Up to this point, as you know, whenever the FDIC has closed a bank this year, it's waited til after markets have closed for the week - let things settle over the weekend, and then the failed bank can reopen under its new flag on Monday.
To me, this is one of the sleeper stories of the year.
The ID Theft Red Flags Rule, Business Continuity and Anti-Money Laundering have dominated the headlines - and banking/security priorities. But recent attention paid to Application Security has the potential to fuel one major fire drill in 2009.
To me, it was a given.
In the wake of recent news of IndyMac and other bank failures, it seemed safe to say that U.S. banking institutions were dealing with a bit of a crisis of confidence. I mean, I didn't imagine that line of anxious customers outside IndyMac, did I?
But then I got a recent note from a...
At first, I thought my bank was pretty sharp.
About a year ago, when I logged in to do some routine internet banking - check balances, transfer some funds - I was met by a new security page that wanted to better protect my assets.
I've told this story before about Michael Barrett, CISO of PayPal. When he joined the company, he asked how senior leaders were fighting the phishing problem.
"Technically, we don't have a phishing problem," he was told.
Want a fun exercise?
Go to Google News and type in "banks, confidence" - see what results you get.
These words are top-of-mind for all of us, of course, in the wake of the IndyMac Bank failure . Customer confidence is almost like the stock market - on a daily basis, we wonder whether it's up or down.
Talk about a harmonic convergence.
Just as the major banking regulatory agencies went before the Senate committee recently to deliver their "State of the Banking Industry" addresses, I was sitting back and starting to think about drafting the questions for our next State of Banking Information Security survey....
Early this year, I caught up with Steve Katz, the dean of banking CSO's (see Stephen Katz on Top InfoSec Issues of 2008), and he had some interesting insights on the year's top challenges for banking institutions....
We've known for roughly six months now that the Identity Theft Red Flags Rule compliance deadline is Nov. 1, barely four months away. How close, then, are banking institutions to meeting that deadline?
That is the question of the summer, and the answer will be found in the results of our new Identity Theft Red...
Finally, it's your turn to have your say.
Since first joining Information Security Media Group late last summer, one of my primary goals has been to debut a blog for BankInfoSecurity.com and CUinfoSecurity.com.
Today, proudly, I'm able to announce the launch of not just one blog, but five - with more to come in...