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Aligning Technology, People & Processes for Data Security

Combating today's hackers will take the right mix of technology, people, and processes.

An infographic rendered by an an artist based on the data security panel discussion.
An infographic rendered by an an artist based on the data security panel discussion.

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KBurger
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KBurger,
User Rank: Author
12/10/2014 | 12:08:52 PM
Where the money is ...
David O'Connell's comments about the vulnerability of corporate banking organization are very important, I think -- there should be no "that's someone else's problem" thinking in financial services when it comes to security. We already have been hearing that as the biggest banks, which have been the prime targets for breaches, get better at identifying and preventing these threats, the criminals simply will shift to the next "easiest" targets -- corporate banks (and their corporate clients), community banks/credit unions, insurance companies, etc. Hopefully some of the lessons learned from the consumer/retail side -- not just about technology and process, but also the customer experience angle (balancing security and convenience) will be recognized and leveraged in other parts of the banking business.
Kelly22
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Kelly22,
User Rank: Author
12/12/2014 | 4:33:51 PM
Re: Where the money is ...
This was a great discussion. It's true that in today's environment, security should be everyone's problem. No company is safe from cyberattacks, and smaller institutions should be paying attention to larger ones to inform their strategies and protect against future harm.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
12/15/2014 | 10:42:13 AM
Re: Where the money is ...
I foudn his comments about the vendor solutions for the commercial side interesting. You'd think these vendors would have jumped on the opportunity already to recalibrate their solutions for the commercial banks. That seems like a win-win for the vendors and the banks. I wonder what's holding that up.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
12/15/2014 | 10:44:18 AM
Re: Where the money is ...
The monitoring part of the puzzle is oging to be very difficult for smaller institutions. They can't afford to have large numbers of employees monitroing their systems all the time to detect a breach, but that is what the current environment requires. They're going to need vendors to come up with better detection systems to help with that, like David Weiss said.
tekedge
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tekedge,
User Rank: Apprentice
4/28/2015 | 7:12:48 PM
Aligning techology people and processes for data security
Totally agree with the comment that employee training and keeping the security protocols in place will play a big role in data security! Technology can only do so much the training is going to be the deal breaker! 
tekedge
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tekedge,
User Rank: Apprentice
4/28/2015 | 7:14:59 PM
Aligning Technology...
Does mobile banking create more data  security risks for the financial institutions and how well they have the technology for data security....
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