When it comes to fraud prevention, things are going to be different in 2011. It's clear that fraud in the United States has reached a tipping point, and financial institutions are at the center of it all.
"The environment that started by supporting whistleblowers ... is essentially morphing into 'Gee, we as an organization need to be completely transparent, whether we want to or not,'" says Cal Slemp, managing director of Protiviti.
This week's top news and views: Conscripting cybersecurity experts to protect IT, State battles data leakage and President Obama signs bill to reorganize the National Institute of Standards and Technology.
Federal agencies have until Jan. 28 to complete an assessment on how they handle confidential information, a process prompted by the WikiLeaks episode that exposed 250,000-plus diplomatic cables in November, says OMB Director Jacob Lew.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
This month's most compelling news and views: top 10 government IT security stories of 2010, four components on the insider threat, pragmatic optimist Howard Schmidt and failure to enact major cybersecurity bill foreseen. And don't miss our audio week-in-review podcast by Executive Editor Eric Chabrow
Robert Siciliano, a McAfee security consultant and founder of IDTheftSecurity.com, says socially engineered scams that are SMS/text-based will create big headaches for banks and credit unions in the near future.