Bankers aren't waiting for the FFIEC to act on the release of its updated online authentication. Instead, they've already begun to comply with the major points recommended in the draft. And the death of Osama bin Laden has heightened concerns terrorists' efforts to launder money through legitimate banking channels.
Wire fraud incidents from China prove current security measures, including multifactor authentication, are too easy to bypass. And security pundits say it all points back to why the financial industry needs more guidance about adequate online security.
"Our security teams were working very hard to defend against denial of service attacks, and that may have made it more difficult to detect the intrusion quickly, all perhaps by design," Sony Computer Entertainment America Chairman Kazuo Hirai said in a letter to Congress.
In the wake of the RSA, Epsilon and Sony PlayStation data breaches, we spoke to two global information security leaders and asked for their three biggest leadership lessons learned. Here is what they shared.
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.
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.
Experts warn of ingenious phishing attacks based on the latest news. "This is one of those rare opportunities that can build you a great list and a couple of zeros in your profit," one hacker is quoted as saying.
Sony says personal information from more than 100 million customer accounts has been breached. The information includes customers name, addresses, e-mail addresses, birth dates, gender, phone numbers, login names and hashed passwords.
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.
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.
Sony Corp.'s announcement that hackers may have accessed data on 77 million gamers follows a long line of recent breaches. And Neal O'Farrell of the Identity Theft Council says the string of incidents has led to consumer 'breach fatigue.'
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.