"The phishing only works if the consumer participates; they have to click on something; they have to open something," says Neal O'Farrell of the Identity Theft Council. "So, based on that assumption, shouldn't we be doing more to educate them?"
SWIFT says globalization, regulation and the introduction of new services from non-financial providers will set the tone for 2011. But increasing transaction volume and the convergence of payment technologies from differing global markets also pose their own challenges.
Top executives seek the CISO's advice to help determine whether cloud computing benefits outweigh the risks. Here are the top five cloud security risks and concerns CISOs must discuss with their leaders.
"One important element of this effort will be to ensure that we are properly informed going forward about the cyberthreats posed by criminals, terrorists and hostile nations," says Sen. Sheldon Whitehouse, sponsor of the Cybersecurity Public Awareness Act.
While the cause of the Epsilon e-mail breach has not been publicly disclosed, the incident's aftermath has seen a growing list of organizations impacted by the breach. It also has ignited a new debate about the sensitivity of e-mail addresses.
For Will Pelgrin, the former New York State chief information security officer, mobile devices, insiders and old infrastructure represent the major challenges local and state governments face in in securing information technology.
Verizon's newly-released 2011 Data Breach Investigations Report finds that the number of compromised records has dropped dramatically, but incidents are up, and hackers are still finding new ways to get into systems and servers.
As details about the Epsilon e-mail breach unfold, the list of affected companies grows, including major banks and merchants. Here is the latest list of the companies known to have been impacted by the incident.
The Social Security Administration sold the information in a database of deceased individuals that erroneous contained the Social Security numbers, dates of birth, full names and ZIP codes of living people, the inspector general reports.
Superior Bank, a $3 billion institution based in Birmingham, Ala., was closed on Friday, April 15. It was the largest of six banks to fail this week. Additionally, two credit unions were placed into conservatorship.
It's been over three months since the accidental disclosure. When will the final FFIEC authentication update be released? "I don't think we're any less safe," says Gartner's Avivah Litan. "We just need to step up enforcements."
White House Cybersecurity Coordinator Howard Schmidt unveils a government/private-sector strategy that the administration says would eventually let users obtain a single credential as a one-time digital password to transact business over the Internet.
Gigi Hyland, board member of the National Credit Union Administration, says the latest draft of authentication guidance is awaiting final signoff from just one member agency of the Federal Financial Institutions Examination Council.