Philip Andreae was there when EMV was born, and he plans to see the EMV evolution through, until it becomes a global standard embraced throughout the world.
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.
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.
Here's a New Year's resolution every banker can appreciate: In 2011, the industry must embrace a stronger dedication to investments in fraud-detection and prevention.
Imagine drafting the top IT security minds into a defense force to protect the nation's critical IT infrastructure. Defense Minister Jaak Aaviksoo and other Estonian leaders mull the possibility of instituting such a draft.
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.
There have been 58 reported banking-related data breaches so far in 2010, according to the Identity Theft Resource Center -- slightly fewer than the total of 62 breaches in 2009.
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