The Internet is inherently insecure, and the only way to ensure today's evolving information systems is to build them upon three pillars of trust. This is the premise of Mike Ozburn, Principal at Booz Allen Hamilton, which has just authored a new white paper about these pillars.
"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.
"It's interesting to see regulators putting the onus on the financial companies for fraud that occurs after the theft has already happened," says David Navetta, co-chairman of the American Bar Association's Information Security Committee.
A preliminary draft of new online authentication guidance from the Federal Financial Institutions Examination Council puts greater responsibility on the shoulders of financial institutions to enhance security.