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.
Tom Oscherwitz says consumers put themselves at risk by giving out too much personal information that is often used for online banking log-in credentials.
Visa says a move toward EMV can help merchants cut PCI compliance costs, and SWIFT says globalization, regulation and the introduction of new services from non-financial providers will set the tone for payments 2011.
The survey of local, state and federal IT security practitioners also shows a lack of faith in secure cloud computing. Half see insider threats and poor practices as their agencies' greatest vulnerabilities.
Visa's Eduardo Perez, head of Global Payment System Security, says the EMV chip is an ideal dynamic data technology, but mobile and others offer similar security benefits.
More of a passing thought than a real proposal, a former national intelligence director suggests the creation of a Department of Cyber to tackle cyber threats, but before the idea could set in, Michael McConnell said he had second thoughts.
The Pentagon takes 81 months to field a new computer system; Apple Computer spent 24 months to develop the iPhone. Deputy Defense Secretary William Lynn tells RSA 2011 the DoD wants to be more like Apple.
Sen. Al Franken, D-Minn., will head a new subcommittee on privacy, technology and the law, said Sen. Patrick Leahy, D-Vt., who chairs the Senate Judiciary Committee.
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