Former banking regulator William Henley has simple advice for banking institutions wondering how to comply with the new FFIEC authentication guidance update: "Start immediately, develop a plan, and document your progress."
Since becoming Vermont's first CISO three years ago, Kris Rowley's been on a quest to create an IT security culture in state government. Rowley's latest initiative, bringing risk assessment in-house, is helping build that culture.
Now that the FFIEC Authentication Guidance update has been issued, there is no more important task for banking institutions than to conduct their risk assessments, says Matthew Speare of M&T Bank Corp.
Doug Johnson of the American Bankers Association says banking institutions should spend the next five months focusing on their risk assessments, as they work to meet the FFIEC's new authentication guidance update.
Nearly three months after revelation of a year-long information security breach that exposed personal information of some 3.5 million people at the Texas state comptroller's office, the comptroller has named a new chief information security officer and chief privacy officer.
We all know the cost of regulatory compliance - how expensive it can be to meet the standards of HIPAA, HITECH and other industry guidelines. But two organizations this week learned hard lessons about the cost of non-compliance.