Comments
Executive Order Calls for Collaboration on Cybersecurity
Newest First  |  Oldest First  |  Threaded View
Jonathan_Camhi
50%
50%
Jonathan_Camhi,
User Rank: Author
2/13/2013 | 10:17:07 PM
re: Executive Order Calls for Collaboration on Cybersecurity
I think this is a step in the right direction.- It's going to come down to having effective procedures and mechanisms in place for sharing information between institutions and law enforcement. - Banks talk about gaining a 360 degree view of their customers.- Without information sharing regarding attacks it will be impossible to get a 360 degree view of the cyber criminal.- Attacks against different institutions from the same source could look like a bunch of smaller individual attacks.
AnthODonnell
50%
50%
AnthODonnell,
User Rank: Apprentice
2/13/2013 | 8:05:16 PM
re: Executive Order Calls for Collaboration on Cybersecurity
No doubt it's a matter of due diligence to have the NIST, or somebody, "to lead the
development of a framework of cybersecurity practices to reduce cyber
risks to critical infrastructure" At the same time, it's critical that any standards be a baseline upon which the defenders must be encouraged to creatively probe the perimeter and stay a step ahead of the attackers. The danger here is a failure of imagination relative to that of the hackers. There's a great deal at stake here for any financial or other institution that maintains personal information. Not to mix my metaphors too much, but if there was ever a time to circle the wagons, the Wild West of cybercommerce and cybercrime is it.
KBurger
50%
50%
KBurger,
User Rank: Author
2/13/2013 | 6:44:05 PM
re: Executive Order Calls for Collaboration on Cybersecurity
It will be interesting to see how this plays out, in terms of financial services industry response. Information sharing around security-related issues/threats (especially cyber-security/cyber-threats) is something that everyone agrees is necessary, but it remains to be seen to what extent this actually has happened. And we may never know as banks, understandably, are reluctant to talk publicly about breaches they have experienced and efforts they are taking to prevent breaches and cybercrime.


Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.