Recent incidents of corporate account takeover have pushed regulators, associations and practitioners to call for greater awareness and more collaboration between commercial customers and banks. But is there an ROI to enhanced awareness?
"Today's risk management professionals really need to take a strategic view of managing risk to be relevant in achieving the organization's expected outcome," says Philip Alexander of Wells Fargo Bank.
This week's top news and views: New NIST guidance focuses on risk management; DHS seeks hundreds of millions of dollars for cybersecurity projects; and former New York State CISO Will Pelgrin on federal-state-local IT collaboration.
Speculation about the pending update to online authentication guidance has been circulating around water coolers for months now. "A [disclosure] like this could make it more challenging for the regulators," says attorney David Navetta.
The co-chair of the Commission on Cybersecurity for the 44th President praises the Obama administration's commitment to IT security, but says the administration has much more work to do to develop a comprehensive strategy to combat cyber threats.