It's not a question of if employees will bring their own mobile devices to work and connect to your systems. It's a matter of when. But the benefits of BYOD outweigh the risks, says Malcolm Harkins, CISO of Intel.
Value? It's coming in more shapes and forms than ever before, says Kosta Peric of SWIFT. So how can financial institutions embrace these new values and provide products and services that meet growing consumer demand?
The bring-your-own-device trend is increasing, but work-place policies are not. ISACA's Ken Vander Wal says low employee awareness and the absence of any BYOD policy are to blame. So what can organizations do to fill their security gaps?
Despite the FFIEC authentication guidance and the growth of online fraud, financial institutions still rely on outdated practices that expose customers to risk. How can institutions update their security measures?
Unfortunately, says Ken Vander Wal, most organizations have done little to address security in their policies and procedures regarding BYOD, which is changing the ways companies address user behavior and risk.
Bank of America's Keith Gordon says securing the mobile channel is much like securing any other banking channel: Controlling risks requires layers of security and controls. But educating customers plays a key security function, too.