The FS-ISAC's decision to increase the U.S. banking industry's cyberthreat level from "elevated" to "high" is way overdue, Aite's Julie McNelley and other experts say. Here's how banking institutions should enhance security.
Sen. Jay Rockefeller, in a letter to Fortune 500 company CEOs, queries them about their businesses' IT security practices and wonders if they agree with efforts by the U.S. Chamber of Commerce to block a vote on the Cybersecurity Act of 2012.
Financial institutions are now at high risk of cyberattack, according to the Financial Services Information Sharing and Analysis Center. What can institutions do to protect themselves from new threats?
In the past, just writing "privacy pro" on a business card could get you into the field. "That's not the case today," says the IAPP's Trevor Hughes, who details today's challenges for privacy professionals.
"With the increasing breadth and depth of cyberattacks ... risk assessments provide important information to guide and inform the selection of appropriate defensive measures so organizations can respond effectively," guidance coauthor Ron Ross says.
Charles Intriago says AML investments and controls need to be streamlined. And through a new association, Intriago aims to train a new kind of financial-crime specialist that is equipped to connect fraud-fighting dots.