Lacking technology is not the problem, says attorney Lucy Thomson. It's that today's technology is not being adequately used to fight modern cybersecurity threats.
BITS and the ABA are interested in managing future domains affiliated with bank brands and financial interests. If approved, their domain oversight would allow them to control certain domain names registrations.
A new (ISC)2 information security workforce survey projects the doubling of federal government IT security staffs from 27,000 employees today to more than 61,000 by 2015. What's behind this growth?
When it comes to hot topics, they don't get hotter than authentication, cloud computing and IT governance - all of which I've discussed at length in recent interviews with industry thought-leaders. Let's review some highlights from these conversations.
Globally, countries and organizations now recognize the need for a unified approach for managing IT infrastructure services, says Marlin Pohlman of the Cloud Security Alliance. The trick is developing this new set of global standards.
"No one up here wants to stop Apple or Google from doing the incredible things that you do," Sen. Al Franken says. "What today is about is trying to find a balance between all of those wonderful benefits and the public's right to privacy."
ThreatMetrix's Taussig says device identification must be part of layered security measures. Banking regulators want financial institutions to deploy multiple layers of online security. But what does that expectation mean when it comes to investments in fraud detection?
All employers need to overcome the common misperception that "you can say anything you want on social media and not have any consequences," says compliance specialist Roy Snell.
The Unisys Security Index shows growing public anxiety about Internet security. Unisys CISO Patricia Titus wonders how restless the public would be if the poll was conducted after revelations of breaches at RSA, Epsilon and Sony.
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.
Big brother isn't the relation the government sees itself portraying in developing the National Strategy for Trusted Identities in Cyberspace. Uncle Sam has a more avuncular role in mind, giving advice and serving as a role model.
"On a global basis, countries are recognizing that they need a uniform commercial code, if you will, for data - a unified approach for managing IT infrastructure services," says Marlin Pohlman of the Cloud Security Alliance.
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