NIST will soon start writing the "final" version of its cybersecurity framework, a guide to information security best practices for operators of the nation's critical infrastructure. But should it be beta tested?
The financial services industry will make wider use of data analytics next year as the value of leveraging big data to help prevent or detect fraud becomes more clear, experts predict.
Wayne Dunn, CTO of HarborOne Bank in New England, says improving vendor management is a top security priority for institutions in 2014. As more core banking functions are outsourced, due diligence becomes increasingly critical.
Federal investigators announced five more arrests this week in connection with a $45 million ATM cash-out and prepaid card fraud scheme. Learn why experts expect these types of crimes to become even more common.
For risk managers, an often overlooked step for minimizing supply chain risks is to continually monitor outsourcers and other third parties to address critical security issues, says the Information Security Forum's Steve Durbin.
The breach of a card loyalty marketing company has reignited discussions about the roles banking institutions, regulators and others play when it comes to mitigating third-party risks. Where should the buck stop?
The breach of a card loyalty marketing company that exposed card data and other personally identifiable information illustrates the privacy vulnerabilities third parties pose, experts say.
As efforts to fix technical glitches on the HealthCare.gov website for Obamacare continue, taking steps to ensure security should be a top priority. Otherwise, efforts to build trust in the system will fail.
The Office of the Comptroller of the Currency is the first major U.S. banking regulator to issue updated guidance on third-party risks. What are the key tenets, and what should institutions expect next?
Banking institutions are becoming more comfortable with sharing information about cyber-attacks and fraud. And some threat-intelligence vendors are helping to pave the way for expanded collaboration.
Organizations should make sure their business continuity plans address all key business processes and customer-facing applications, says Dan Shannon of core processor Fidelity Information Services.
In the wake of an ongoing stream of merchant and payment processing breaches, the FDIC is reminding smaller banking institutions that they are ultimately responsible for ensuring the security of cardholder data.
Comptroller of the Currency Thomas Curry's comments in a Sept. 18 speech could be an early indication that regulators will put more pressure on banks and service providers to fill cybersecurity gaps, some observers say.
John Streufert, the DHS director overseeing the rollout of a federal continuous diagnostic initiative to mitigate IT systems vulnerabilities, expects that many state and local governments will participate in the program.
The FDIC is urging banking institutions to pay more attention to vendor management in light of recent breaches, such as one that compromised core processor Fidelity National Information Services.
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