"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."
Rep. Mary Bono Mack, at left in photo, wants security provider McAfee to brief the House subcommittee she chairs on its report of cyberattacks waged against governments and global businesses for more than five years it labels Shady RAT.
"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.
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.
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."
Trust has been a murky trait on the Internet since its inception. Remember the New Yorker cartoon? A dog, sitting by a PC, says: "On the Internet, nobody knows you're a dog." It's hard to trust what you see on the Net. That's more true today than ever.