For risk managers, an often overlooked step for minimizing supply chain risks is to continually monitor outsourcers and other third parties to address critical security issues, says the Information Security Forum's Steve Durbin.
Computer scientists at the Georgia Institute of Technology are developing new ways to apply encryption when storing or searching data in the cloud, says Paul Royal, associate director of the university's information security center.
U.S. Attorney Steve Wiggington says identity theft, especially linked to card skimming, is still the No. 1 fraud threat facing financial services institutions as well as consumers. He stresses information sharing is critical for fighting fraud.
Every second, 80 "things" are being connected to the Internet, and ISACA's Rob Stroud says that requires information security professionals to identify and mitigate threats, protect individuals' privacy and manage access.
New requirements to mitigate payment card risks posed by third parties, such as cloud providers and payment processors, are a focal point of the PCI Security Standards Council's updated data security standard.
For years, researchers have studied malicious insider threats. But how can organizations protect themselves from insiders who make a mistake or are taken advantage of in a way that puts the organization at risk?
Rather than waiting until they're a breach victim, organizations should reach out to law enforcement officials to develop a good working relationship in battling cybercrimes, federal prosecutor Erez Liebermann says.
Organizations must develop a "defensible response" to data breaches and fraud incidents because of the likelihood of a regulatory investigation or legal action, says attorney Kim Peretti, a former Department of Justice cybercrime prosecutor.
The average insider scheme lasts 32 months before it's detected, says threat researcher Jason Clark, who suggests using a combination of the right technologies and the right processes is the key to improving detection.
Banking institutions and merchants are fighting back against cyber-attacks by sharing information and assisting law enforcement investigations, says Julie Conroy of Aite, which has issued a report about account takeover and cyberfraud trends.
Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.