Cyberthreats stem from the malware, but monetary losses stem from money mules. I've decided to coin a new term: eFraud. I cannot think of a better way to describe the wave of fraud incidents the financial industry is facing. It's electronic.
Has an alleged Stuxnet attack on Iranian nuclear facilities entered the realm of warfare? It may not be a cyberwar, as defined by many experts, but it sure feels like one.
When it comes to fraud prevention, things are going to be different in 2011. It's clear that fraud in the United States has reached a tipping point, and financial institutions are at the center of it all.
While IT employment numbers may be lagging, there is strong hope within information security, which is emerging as the hot sector for career prospects in 2011.
Incidents such as the WikiLeaks disclosures and resulting fallout push leaders to redefine their data protection agenda for 2011 and think about their organizations' vulnerabilities.
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