When it comes to sizing up the privacy agenda for 2011, the tone at the top of organizations is all about improving data security, says privacy expert and lawyer Lisa Sotto.
Mobile banking and social networks are expected to pose new security threats in the payments space; and one small-business advocate says it's time for regulatory reform to solve the corporate account takeover problem.
Cyber criminals typically will move on to a target that is much less secure but those behind advanced persistent threats will spend months if not years trying to penetrate an IT system until they succeed, says Dmitri Alperovitch, McAfee Labs threat research vice president.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
Dmitri Alperovitch, McAfee Labs threat research vice president, discusses the company's annual threat predictions, saying: "We are seeing an escalating threat landscape in 2011."
"If you at all have any inclination of allowing Internet access in your company networks, you need a social media policy," says Hemu Nigam, former CSO at MySpace.
WikiLeaks founder Julian Assange has become akin to a "cyber messiah," Hemu Nigam says. And Assange's followers have proven: "If you turn your back on our messiah, we are going to take you down."
A panel of regulators and industry experts weighs in on the top 4 regulatory issues of 2011, and card skimming attacks get more sophisticated the world-over.
One-third of students who gave up social media for a week say they felt less stressed by not having to compulsively check updates and posts on social networks.
Aite's McNelley says financial institutions will have to partner with existing innovators and vendors that specialize in mobile commerce if they want to keep up.
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