Banking/security leaders aren't crazy about banking regulators telling them they could have done a better job detecting ACH fraud, and they're eager for more specific guidance on what to do going forward.
In today's world, where certain data must be let in so governments and businesses can realize their missions, firewalls must be able to see the content flowing through networks, NIST Computer Scientists Tim Grance and Murugiah Souppaya say.
Recent incidents of corporate account takeover have pushed regulators, associations and practitioners to call for greater awareness and more collaboration between commercial customers and banks. But is there an ROI to enhanced awareness?
Mobile banking, social media, cloud computing. These all are part of the global banking landscape today, and with these innovations come expectations, says Allesandro Moretti of (ISC)2 and UBS Investment Bank.
AML concerns heat up, as FinCEN warns U.S. institutions to scrutinize accounts held by foreign political figures. And the unofficial release of an FFIEC draft about online authentication guidance opens regulators to more feedback and criticism.