Trust has been a murky trait on the Internet since its inception. Remember the New Yorker cartoon? A dog, sitting by a PC, says: "On the Internet, nobody knows you're a dog." It's hard to trust what you see on the Net. That's more true today than ever.
As banks and credit unions work toward compliance with the FFIEC's updated online authentication guidance, they need to place their efforts and attentions on risk assessments, says Doug Johnson of the ABA.
For John Colley, managing director of (ISC)2 in EMEA, ethics need to be addressed more frequently in the workplace. Organizations can no longer assume information is legitimate or has been gained through ethical means.
"The need for fraud-prevention tools increases during times of recession," says Aite Group's Julie McNelley, who does not believe this week's economic shockwaves will hurt organizations' security priorities.
Steven VanRoekel joined the Obama administration in 2009 as the managing director of the Federal Communications Commission and worked in various managerial and staff positions at Microsoft for 15 years.
Fears that the global economy is nearing yet another recession have led to nosedives for U.S. and European stocks. The Dow Jones Industrial Average fell nearly 513 points - the worst plunge the Dow has seen since Sept. 29, 2008.
The cyber threat landscape is more widespread than ever before, and cybersecurity professionals are needed in all sectors, from government to private industry, says Dickie George of the National Security Agency.
United Nations Federal Credit Union says member satisfaction and acceptance of the chip card have been contagious, since the bank launched the chip option last summer. The chip-card portfolio has proven to be the credit union's most successful.
Debit fraud in the U.S. continues to grow as transaction volume increases. As international markets move away from mag-stripe and toward chip & PIN technology, fraud experts say U.S. card issuers can expect to see fraud continue to escalate.
The FFIEC Authentication Guidance update is out, and third-party service providers need to begin reviewing their internal systems and communicating with their financial institution customers, says Wells Fargo Bank's Phil Alexander.