"Today's risk management professionals really need to take a strategic view of managing risk to be relevant in achieving the organization's expected outcome," says Philip Alexander of Wells Fargo Bank.
Speculation about the pending update to online authentication guidance has been circulating around water coolers for months now. "A [disclosure] like this could make it more challenging for the regulators," says attorney David Navetta.
A preliminary draft of new online authentication guidance from the Federal Financial Institutions Examination Council puts greater responsibility on the shoulders of financial institutions to enhance security.
The information security profession is at a crucial turning point as professionals scramble to develop new skills in the arenas of cloud computing, mobile applications and social media, a new survey shows.
"It shouldn't matter from where the enterprise security services are deployed. We need to just make sure as a team we are consistently closing the vulnerabilities and risk gaps." - Greg Thompson, Scotia Bank.