Banking/security leaders aren't crazy about banking regulators telling them they could have done a better job detecting ACH fraud, and they're eager for more specific guidance on what to do going forward.
Recent incidents of corporate account takeover have pushed regulators, associations and practitioners to call for greater awareness and more collaboration between commercial customers and banks. But is there an ROI to enhanced awareness?
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.
As criteria are developed for the next stages of the HITECH Act electronic health record incentive program, it's essential that privacy and security issues are adequately addressed, one consumer advocacy group stresses.
Enforcing standards for privacy and security is a major part of a new health information exchange accreditation program, says Lee Barrett, executive director of the Electronic Healthcare Network Accreditation Commission.