When a database breach occurs, consumer notification continues to be a public problem, and it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
A rise in unemployment could be a harbinger of an improving economy, as discouraged individuals reentered the job market. Indeed, the IT workforce topped 4.12 million in the fourth quarter, a record high.
"We need to be cyber savvy if we are going to participate in cybersecurity," says Ed Kanerva, vice president at Booz Allen Hamilton. "We cannot hire folks if they are not out there, so instead we train them to be cyber experts."
When it comes to fraud prevention, things are going to be different in 2011. It's clear that fraud in the United States has reached a tipping point, and financial institutions are at the center of it all.