"The same American ingenuity that put a man on the moon also created the Internet," President Obama says. "We must now harness that spirit of innovation to ... secure technologies to build a safer, more prosperous future for all Americans."
Elayne Starkey recently gave up her BlackBerry for an iPhone, and uses the Apple mobile device for personal and work doings, securely connecting to the computer system of her employer, the state of Delaware.
Successful wire fraud attacks cause losses averaging between $100,000 to 200,000 per victim. So, it's not surprising that banks are being sued by business customers for alleged failures to prevent fraud via ACH.
It's been well over a year since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. How should banking institutions prepare for the hundreds of new regulations expected to come as a result of this landmark legislation?
Melissa Hathaway doubts Congress will enact a cybersecurity law. "I fear we will continue to watch the bills 'sit here and wait, while a few key congressmen sit and debate. It's not easy to become a law," she writes, citing a kid's jingle.
In the areas of risk management and business continuity, security professionals have advanced significantly since Sept. 11, 2001. But there's still an issue of complacency that needs to be addressed, says Rolf von Roessing, past international vice president of ISACA.