Too many banks and credit unions are being narrow-minded in their approaches to FFIEC Authentication Guidance conformance, by focusing on commercial accounts and neglecting retail accounts, one ACH fraud attorney says.
Rep. Dan Lungren introduced an amendment to his onetime bipartisan cybersecurity bill that won only the backing of fellow Republicans with Democratic members of the House Homeland Security Committee objecting to the changes.
While Microsoft's move to take down Zeus malware-related botnets is touted as a unique approach to fight financial fraud, some industry experts question its long-term viability. What are their concerns?
The Defense Department will employ a two-prong approach - securing the perimeter as well as the data - as it develops its cloud-computing architecture. "We're going to be able to better protect as we get more standardized," CIO Teresa Takai says.