Banking institutions can expect more cyberattacks, including threats from nation-states, as the U.S. elections draw near. So they must take adequate security steps - and clearly explain them to their customers.
Charles Intriago says AML investments and controls need to be streamlined. And through a new association, Intriago aims to train a new kind of financial-crime specialist that is equipped to connect fraud-fighting dots.
The administration is exploring issuing an executive order to direct federal agencies to secure the nation's critical infrastructure by working with the private sector to develop security standards, says John Brennan, assistant to the president for homeland security and counterterrorism.
The continuing loss of data to China suggests that the federal government should carefully assess the cybersecurity implications associated with the expansion of Chinese cloud and mobile providers in the U.S.
Sen. Susan Collins, who, like President Obama, backs the Cybersecurity Act, cautions the president against issuing an executive order to protect the nation's critical IT, saying it would send an signal that congressional action isn't urgently needed.
Mike Mitchell, who serves as chairman of the PCI Security Standards Council, says mobile is a focus for leaders in the payment security space. So does the PCI Council expect emerging tech to influence the PCI-DSS?
The Democratic Party platform on cybersecurity suggests that President Obama will take unilateral action to safeguard the nation's critical IT infrastructure because of Congress' inability to enact comprehensive cybersecurity legislation.