Adoption of chip technology will not only help the U.S. payments infrastructure prepare for expected acceleration in mobile-based payments, Visa says, but will improve transaction security by providing dynamic authentication.
Oregon state agencies are coming together to develop a centralized plan, ending a previously siloed approach, to simplify compliance with Internal Revenue Service rules to safeguard taxpayer data, says state CISO Theresa Masse.
With the extension of ENISA's mandate into 2013 by the European Parliament & Council, the agency can continue to educate and collaborate with other nations on cybersecurity issues, an area of constant importance.
Though IT business application functions and security-focused practices are expected to be integrated as a single process, secure configuration is the management and control of configurations for information systems to enable security and facilitate the management of information security risk.
With the release of the new FFIEC Authentication Guidance, the need for effective strategies to mitigate known online risks has never been greater for banking institutions. Effective authentication methods also ensure institutions conform to new risk management and assessment requirements.
"If left unaddressed," GAO says, "these issues will continue to increase FDIC's risk that its sensitive and financial information will be subject to unauthorized disclosure, modification or destruction."
According to FINRA, Citi's negligence in adequately supervising Tamara Moon, a former sales assistant at a Citi branch in Palo Alto, Calif., resulted in $749,978 being skimmed from the accounts of 22 Citi customers.
"There are still a lot of inexperienced people out there that are passing themselves off as experts," says Scott Laliberte, managing director of Protiviti, outlining the common challenges of penetration testing.
The state has been without a fulltime chief information security officer since Mark Weatherford left last summer to become vice president and chief security officer of the North American Electric Reliability Corp.
As fraud continues to evolve and affect financial institutions, careers are plentiful for fraud-fighting professionals, says Jean-Francois Legault, a fraud investigations specialist with Deloitte and Touche.
"I don't think there's any connection [to] the investments banks will make in fraud prevention," says Doug Johnson of the ABA. "It's not about making budget cuts; it's about protecting the customer relationship and ensuring security."