Data breaches

Data protection strategies need to consider how data travels and how that impacts vulnerabilities and breach risk, according to comforte AG's Jonathan Deveaux.

Some technology upgrade can leave databases open to the public internet, creating more risk for payment credential exposure and other risks, contends Ameya Talwalkar, co-founder and chief product officer of Cequence Security.

In the era of big data, a more thorough, data-centric approach is needed for security than the traditional encryption of the past, argues comforte AG's Jonathan Deveaux.

Given the risks of improperly securing a multicloud environment, it's crucial to engage with partners who understand networking, says Mounir Hahad, head of threat research for for Juniper Networks.

Some contracts are not "adequately" defining which party — the bank or the vendor — is responsible for managing risks, the agency said.

The watchdog’s report — requested by Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md. — called for civil money penalty authority and better supervision to guard consumer data.

The Conference of State Bank Supervisors urged Sens. Mike Crapo and Sherrod Brown to establish a baseline for consumer protection in data privacy and security that would leave room for stricter state rules.

A proactive and preventive security strategy will go a long way to building consumer trust and ensuring continued loyalty, writes Maria Allen, global head of financial services for Unisys.

The Credit Union National Association is tackling a range of challenges during its Governmental Affairs Conference this week in Washington, D.C.

Cybersecurity is about protecting the house, the corporation, the people, process, technology and the data, writes Harley Lippman, founder and CEO of Genesis10.