ThreatMetrix's Taussig says strong authentication should be part of every financial institution's layered security approach. And according to expected changes to the Federal Financial Institutions Examination Council's 2005 online authentication guidance, that means proven measures to enhance device identification.
Kevin Sullivan spent months at Ground Zero after the 9/11 attacks on the World Trade Center. Now, post-Bin Laden, Sullivan says the 9/11 experience changed him both personally and professionally, and impacted how banking institutions view money laundering and BSA violations.
Cybersecurity threats are maturing, but information and risk management have yet to come of age for many Gulf countries. But this maturity must come soon, says Abbas Kudrati, head of information security at the eGovernment Authority of the Kingdom of Bahrain.
"On a global basis, countries are recognizing that they need a uniform commercial code, if you will, for data - a unified approach for managing IT infrastructure services," says Marlin Pohlman of the Cloud Security Alliance.
A review of the month's top stories by Managing Editor Tracy Kitten: A well-crafted e-mail tricked an RSA employee into opening a phishy e-mail that launched a sophisticated attack on the company's information systems, and the list of big-name corporations and brands affected by the Epsilon e-mail breach tops 100.
Globally, cloud computing is embraced as a practice beings great cost and technology efficiencies to financial institutions. But count Singapore among the nations that is proceeding cautiously while addressing security concerns, says James Lee of Trend Micro Inc.
Four years ago, the Council of Registered Ethical Security Testers began as an organization to bring standardization to the penetration testing industry. Today, CREST's scope is expanding across industries and global regions, says president Ian Glover.
IT security and privacy lawyer David Navetta says revelations that mobile devices such as the iPhone, iPad and Android maintain hidden files tracking users locations could pose a threat to organizations, regardless of whether the devices are owned by individual employees, the company or government agency for which...
Gigi Hyland of the NCUA says the latest draft of online authentication guidance is awaiting final signoff from just one FFIEC member agency. And Verizon's new data breach report finds that compromised records resulting from data breaches dropped dramatically in 2010, but the number of breaches continues to grow.
From mobile devices to social media and cloud computing, IT governance is all about risk management. "You can't de-risk everything, but you can de-risk the majority of circumstances you will see in normal operations," says governance expert Robert Stroud.
In the wake of WikiLeaks revelations of critical data, Asian banking institutions now are paying even greater attention internally to issues of governance, risk and compliance, says K. Sugumaran of RSA.
The latest Verizon Data Breach Investigations Report is out, and the good news is: The number of compromised records is down. The troubling news is: The number of breaches is up. Bryan Sartin, one of the report authors, explains why.