Improved collaboration and communication between small businesses and financial institutions is the first step toward improving online security, says Mark Patterson, an ACH fraud victim. What else would help?
U.S. and European institutions can learn from DBS Bank's example. In response to a rash of fraudulent withdrawals that cost accountholders $1 million, the bank is launching a new SMS/text alert service for ATM transactions.
Wikipedia.org founder Jimmy Wales pledges to shutter the online encyclopedia from midnight Tuesday to midnight Wednesday to protest anti-piracy legislation before Congress that he contends would threaten Internet freedom if enacted.
People with good analytical backgrounds that understand regulatory compliance are in demand. Their counterparts - defenders of IT systems - will always be in demand.
"We need the tens of thousands that can manage those defenders and then we need 100,000 that are out there learning the trade, that are passionate...
Cyberhackers are increasing their efforts to target online credentials. And phishing attacks waged against accountholders at Chase in the U.S. and Barclays in the U.K. have made it clear that banking accounts are the target.
Pace University's Seidenberg Cyber Security Institute plans to leverage public-private partnerships - a challenge for educational institutions. How will the institute help the private and public sectors meet their security needs?
Funding would be through NIST's Small Business Innovation Research program that fuels technological innovation by strengthening the role small business plays in bringing to market innovations derived from federal R&D.