UBS's $2 billion loss to rogue trading provides lessons for all banks. What's missing in today's financial institution culture is a balance between profits, ethics and governance, says risk management expert Frances McLeod.
"With a company-issued device, you can issue a policy that says users have no rights of privacy over information on the device," says Javelin's Tom Wills. But with employee-owned devices? A whole new set of issues.
RSA Chief Executive Art Coviello challenged a widespread belief that cybersecurity awareness could curb cyberthreats: "There's no amount of consumer education to make them smart enough to resist attacks. They're just too sophisticated."
Elayne Starkey recently gave up her BlackBerry for an iPhone, and uses the Apple mobile device for personal and work doings, securely connecting to the computer system of her employer, the state of Delaware.
In the areas of risk management and business continuity, security professionals have advanced significantly since Sept. 11, 2001. But there's still an issue of complacency that needs to be addressed, says Rolf von Roessing, past international vice president of ISACA.
Information security poses a major challenge to the widespread adoption of cloud computing, yet the Cloud Security Alliance, an association of cloud stakeholders, sees the cloud as a provider of information security services.