ACH fraud victim Mark Patterson says small businesses like his welcome improved online security measures from banking institutions. But is the new FFIEC Authentication Guidance sufficient? Patterson says no.
NICE's Ernest McDuffie says a proposed cybersecurity workforce framework represents a consensus of government thought on how best to define the jobs, skills and tasks needed to secure information technology.
Unfortunately, says Ken Vander Wal, most organizations have done little to address security in their policies and procedures regarding BYOD, which is changing the ways companies address user behavior and risk.
Bank of America's Keith Gordon says securing the mobile channel is much like securing any other banking channel: Controlling risks requires layers of security and controls. But educating customers plays a key security function, too.
Giving back to the community. It's a civic responsibility, says Dan Waddell of Tantus Technologies. But it's also a necessity to help raise cyber awareness. Waddell explains how security pros can give back.
In the near future, financial institutions will have new opportunities for service in emerging payments. How they define their roles, however, will depend greatly on steps they take now to put a stake in the ground.
ID theft expert Joanna Crane wonders whether banks, government agencies and healthcare providers do enough to assist consumers with ID theft recovery, saying consumer expectations are often loftier than what's being done to meet the demand.
Pradeep Moudgal of California-based SVB says the bank's decision in June to migrate commercial credit cards over to EMV was easy. "The biggest advantage of the chip card, at the end of the day, is to reduce fraud," he says.