Account takeovers are up, but losses are down. Doug Johnson of the ABA says that's because banks and their customers are catching and blocking suspect ACH transactions before they drains corporate accounts.
The shift to monthly reports of key metrics through CyberScope from annual FISMA filings allows security practitioners to make decisions using more information and more quickly than ever before, OMB Director Jacob Lew says.
While it's good to see more privacy and security details included in the final version of the Federal Health IT Strategic Plan, much work remains to ensure patient information is protected when it's exchanged.
International communication and public-private partnerships are the keys to cybersecurity in the financial space, according to the Department of Homeland Security and the Financial Services - Information Sharing and Analysis Center.
From 2004 to 2010, Latesha Brown used her privileges to accept and submit forged birth certificates, pay stubs and other documents to obtain loans at several institutions. How did she go undetected for so long?
"Once you identify that person based on the unique characteristics of their face, you could then match it with other databases," privacy advocate Beth Givens says, referring to privacy gaps created by facial recognition technology.
"You can't have someone arrested for violating your policies," says former Bear Stearns CISO Jennifer Bayuk. "The question is: What did he do, and was there a policy that would have prevented the activity?"
Payments are moving away from tangible currency to so-called new economies, where value relies more on reputation than currency. Venues such as Facebook facilitate e-commerce via new economies. But as with any change in the payments scheme, industry experts expect these new economies to be accompanied by new risks.