White House Cybersecurity Coordinator Howard Schmidt unveils a government/private-sector strategy that the administration says would eventually let users obtain a single credential as a one-time digital password to transact business over the Internet.
Gigi Hyland, board member of the National Credit Union Administration, says the latest draft of authentication guidance is awaiting final signoff from just one member agency of the Federal Financial Institutions Examination Council.
Altra Federal Credit Union developed a calculated strategy before moving to the cloud -- advice all financial institutions should follow, says Brian Boettcher, VP of IT, who shares his lessons learned.
Payment card fraud. ACH and wire transfers. ATM skimming. And especially insider crimes. These are among today's top information security threats to institutions, says banking regulator Gigi Hyland in an exclusive interview.
Marcus Ranum isn't just a well-regarded information security expert. He's also a customer of the RSA SecurID product, and he's got some strong feelings about the RSA breach and how the industry has responded to it.
It's serious news that RSA's SecurID solution has been the target of an advanced persistent threat. But "It's not a game-changer," says Stephen Northcutt, CEO of SANS Institute. "Anybody who says it is [a game-changer] is an alarmist."
When it comes to e-marketing and the reliance on third parties such as Epsilon, Nicolas Christin of Carnegie Mellon University says banks and merchants should "come clean" about the information they share with outside entities.
Communicating with customers about the incident and warning them not to click links in phishing e-mails are all these impacted institutions and companies really can do, says Jeremiah Grossman, chief technology officer of WhiteHat Security.
Privacy Attorney Lisa Sotto says the Epsilon e-mail breach is a warning about the state of data security employed by some third-party service providers. Strong contracts related to security practices must be the norm, not the exception.
"Persistent" is the operative word about the advanced persistent threat that has struck RSA and its SecurID products. "If the bad guys out there want to get to someone ... they can," says David Navetta of the Information Law Group.
"It is the biggest breach we have ever seen; and to say no financial information has been stolen is, well, understating the massive breach and concern," says Neil Schwartzman, founder and chief security specialist at CASL Consulting.