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.
The ongoing effort to enable the secure exchange of health information from coast to coast recently got a very important boost when five well-known healthcare organizations joined forces to serve as trailblazers.
After the revelation of Operation Aurora, the term began to take on a different meaning. "In essence," IBM's X-Force report says, "APT became associated with any targeted, sophisticated or complex attack regardless of the attacker, motive, origin or method of operation."
Three recent breach incidents, each involving the loss or theft of back-up drives, illustrate that some organizations are doing a better job than others in informing consumers about the steps they're taking to prevent more breaches.
Emerging technologies, application vulnerabilities and regulatory compliance force organizations to bridge the development and security silos and find avenues for interdisciplinary cooperation to produce secure software.
When the business demands the latest tools and technologies, saying "no" is not a viable option. "Clearly, these are disruptive things, but they also are extremely valuable," says Simon Godfrey, Director, Security Solutions at CA Technologies UK.
Banking/security leaders aren't crazy about banking regulators telling them they could have done a better job detecting ACH fraud, and they're eager for more specific guidance on what to do going forward.