Does cheap labor allow Chinese hackers to troll one website after another until they find something of interest? Times could prove tough for hackers trying to make an 'honest' day's wage.
The OCC says cyberthreats against the U.S. financial infrastructure are growing, and financial fraud should not necessarily be banking institutions' top concern. Learn more about the latest OCC report.
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
Tim Pawlenty, CEO of the Financial Services Roundtable, says the only way to ensure adequate cyberthreat information sharing is through federal legislation that would furnish liability protection and other incentives.
Recognizing the security workforce shortage is one thing. Addressing it is quite another. What will it take to truly grow the workforce? Diana Burley of The George Washington University shares her vision.
Banking institutions must improve how they analyze cyber-threat intelligence. But without better tools, security leaders can't adequately anticipate new attacks, says Greg Garcia, the new executive director of the FSSCC.
Letting women make mistakes, as men are allowed to do, could help grow the female IT security workforce from its current level of less than 30 percent. That's a conclusion of a panel of IT security experts assembled by Information Security Media Group.
In the wake of its massive data breach, Target Corp. has hired as its first CISO an executive with information security leadership experience at two of the nation's largest corporations.
We've been talking about shifting away from legacy mag-stripe technology and a move toward EMV chip cards for the last decade in the U.S. So is it too late, or is there still hope for EMV?
The Financial Stability Oversight Council says banking regulators need to ensure institutions are expanding their cyber-intelligence sharing and third-party oversight as attacks against the financial infrastructure mount.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
Security executives who attended ISMG's Fraud Summit Chicago said they see a growing need for sharing more cyber-intelligence with community banks and credit unions. But how else could smaller institutions improve their fraud-fighting efforts?
Embedding some information security practitioners within business units could help improve IT security awareness in many enterprises, reducing security risk, says Steve Durbin, global vice president of the Information Security Forum.
Conventional wisdom dictates that the high demand for IT security practitioner would cause salaries to rise, perhaps significantly. But a new study by SANS shows only a slight fattening of paychecks for many IT security professionals.
Because most online banking customers are active social media users, banking institutions should leverage social media in their fraud awareness campaigns, says David Pollino of Bank of the West, who's a featured speaker at the May 14 Fraud Summit Chicago.
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