"In a natural disaster of this impact, you do not think of saving an organization first, but you think of securing the people stranded there," says AnneMarie Staley, director of global business continuity management at the New York Stock Exchange.
Global banking institutions can learn from Japan's disaster planning and response. And a sophisticated cyberattack is launched against RSA, targeting the security unit of EMC's SecurID two-factor authentication products.
Fraud, risk management emerging technologies -- these issues know no boundaries. That's why we're launching a series of new international BankInfoSecurity sites to draw proper attention to local issues that impact the global banking industry.
Disaster recovery expert Regina Phelps says Japan's nuclear emergency puts local citizens at risk, but organizations globally can learn from the crisis. "I hope that all of us look at this and ask, 'What can I do to be better prepared?'"
In the initial wake of Japan's devastating earthquake and subsequent tsunami, business continuity plans have been tested, and organizations now are dealing with severe aftershocks and a growing national crisis, says Alan Berman, executive director of DRI International.
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.
What if, while searching the Internet, you come across a Facebook profile of one of your employees, including inappropriate pictures and personal remarks on the supervisor? What does this mean to you as an employer? And what can you do about it?
Cyberthreats stem from the malware, but monetary losses stem from money mules. I've decided to coin a new term: eFraud. I cannot think of a better way to describe the wave of fraud incidents the financial industry is facing. It's electronic.