As emerging technologies such as cloud computing and mobile banking become the norm, the FDIC's Donald Saxinger says vendor management programs must specifically address the outside risks posed by working with non-traditional financial services providers.
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.
In the wake of the RSA, Epsilon and Sony PlayStation data breaches, we spoke to two global information security leaders and asked for their three biggest leadership lessons learned. Here is what they shared.
A focus on cost and speed, not on data protection, creates a security hole, a survey of cloud computing service providers reveals. Nearly two-thirds of providers say they aren't confident cloud apps are sufficiently secured.
After firing off a letter to Apple Computer CEO Steve Jobs that questions the secret tracking, Sen. Al Franken schedules a May 10 hearing before a Senate Judiciary subcommittee he chairs on protecting mobile privacy.
North American Clearinghouse Association, not the government, led the effort to move Food Stamps to e-payments. That's what the government wants to do with the National Strategy for Trusted Identities in Cyberspace initiative, the fed's NSTIC point man says.
About the same percentage of respondents cite China as a major source of concern for cyberattack as they did a year ago, a McAfee study reveals. What changed? Concern about the U.S. has declined, says study author Stewart Baker.
Key questions: What impact - if any - will the recent RSA and Epsilon data breaches have on the FFIEC's pending authentication update? And when will this long-awaited banking guidance finally be released?