Enterprise customers struggling with continued data growth are increasingly turning to cloud-based applications to avoid the cost and administrative burden of maintaining on-premises IT infrastructure. Growing litigation and compliance demands have only compounded data retention and retrieval problems, leading to new...
While companies have been carefully evaluating whether or not to move to the cloud, the number of products and services encouraging CIOs
to make the leap has continued to grow. There is also evidence of increased spending on the cloud; IDC recently announced that spending on
public cloud computing services will rise...
The new FFIEC online authentication guidance update is a good "cookbook" for financial institutions to apply layered security, says Avivah Litan of Gartner.
The FFIEC's updated online authentication guidance urges banks and credit unions to do better jobs of authenticating and identifying devices, areas that aren't bolstering the kind of security they could, says security expert Ori Eisen.
Now that the FFIEC Authentication Guidance update has been issued, there is no more important task for banking institutions than to conduct their risk assessments, says Matthew Speare of M&T Bank Corp.
Doug Johnson of the American Bankers Association says banking institutions should spend the next five months focusing on their risk assessments, as they work to meet the FFIEC's new authentication guidance update.
The Obama Administration's cybersecurity proposal for breach notification will require collaboration among differing financial-services providers, within and across borders, says Leigh Williams of BITS.
In one of the largest health information breaches reported so far this year, Spartanburg Regional Healthcare System in South Carolina has notified 400,000 of an incident involving the theft of a desktop computer from an employee's car.
Now that the FFIEC's updated online authentication guidance is out, banking institutions need to move forward in preparation for 2012 compliance, says Julie McNelley, banking fraud analyst for Aite Group.
Keeping data secure is the greatest challenge during any merger or acquisition, and the first critical step is figuring out which confidential information could be at risk of exposure.
The Department of Veterans Affairs soon will enable clinicians to use more mobile devices to view patient information, taking several steps to help ensure security.
BITS, part of The Financial Services Roundtable, in a new report about malware says cyberthreats are evolving, and institutions must collaborate with customers to keep up with evolving risks.
Many implantable medical devices have wireless connections that enable physicians to monitor patients. But with that wireless connectivity comes the risk of a hacker attack with potentially life-threatening results.
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