Troy Leach of the PCI Security Standards Council says data security standards are not failing; they just aren't being applied continuously. And conformance with the Payment Card Industry Data Security Standard is just one piece of the puzzle.
Most organizations have yet to realize the cybersecurity benefits of big data analytics, says Russell Thomas of Zions Bank. He explains steps the pioneering bank is taking to revolutionize its big data operations.
White House Cybersecurity Coordinator Michael Daniel says the toughest international cybersecurity challenge facing the Obama administration is getting cooperation in coordinating responses to online crime.
Nine individuals have pleaded guilty to charges stemming from their roles in an identity fraud scheme. Among the defendants is a former military hospital worker who stole soldiers' personal information to file false federal tax returns, prosecutors say.
The FFIEC says it's taking several additional steps, including updating and supplementing its Information Technology Examination Handbook, to help banking institutions enhance their cybersecurity risk preparedness. Find out the details.
Kevin Greenfield, director of bank IT for the Office of the Comptroller of the Currency, says FFIEC agencies are working to help financial institutions shore up cybersecurity, and a big focus for regulators is third-party risks.
Banking institutions' technical and procedural shortcomings pose increasing risks to the nation's critical infrastructure, two banking regulators note. Learn why they say more transaction monitoring and information sharing are needed.
In a Feb. 13 keynote speech at a cybersecurity summit, President Obama described the cyberworld as the "wild, wild West" and the American government as the sheriff. Then he signed an executive order aimed at boosting cyberthreat information sharing.
On the heels of the FFIEC's new business continuity guidelines, Deputy Comptroller Beth Dugan hints that new guidance related to cybersecurity risks affecting payments and mobile transactions may be coming.
New business continuity guidelines from the Federal Financial Institutions Examination Council paint a more detailed picture of the cybersecurity initiatives banks and credit unions will be asked about during upcoming IT examinations.
News that health insurer Anthem Inc. suffered a massive breach after hackers gained access to a corporate database illustrates yet again the healthcare sector's vulnerability. This infographic takes an updated look at the top five health data breaches.
Leading this week's industry news roundup, IBM announces Identity Mixer, a cloud-based encryption technology designed to protect personal data online, while Proofpoint releases its Enterprise Protection Suite 8.0.