Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
Banking institutions have done a poor job of educating consumers about payments fraud prevention, says Aite analyst Shirley Inscoe. "Banks need to figure out how to communicate with consumers in a way consumers understand."
Today's advanced threats are no secret. Focusing the correct resources on them is the true challenge, says Will Irace of General Dynamics Fidelis Cybersecurity Solutions. He offers tips for harnessing the right skills and technology.
Bruce McConnell, who just stepped down as one of the federal government's top cybersecurity policymakers, says he understands why some lawmakers don't trust DHS with significant authority to safeguard government IT.
The old saw of a blind squirrel fortuitously finding an acorn reminds the Atlantic Council's Jason Healey of cyber-assailants from third-rate cyber-power Iran, believed to be behind DDoS attacks on U.S. banks.
Organizations won't effectively share cyberthreat intelligence until they have more efficient ways of gathering and prioritizing data, says EMC's Kathleen Moriarty, author of a new report about information sharing weaknesses....
Though others deemed Bruce McConnell as one of the government's most innovative security thought-leaders, he says his vision of how best to secure IT evolved during his just-ended 4-year tenure at DHS as a senior cybersecurity policymaker.