With media outlets reporting the grisly details, there has never been a better time to educate commercial account holders about the risks associated with online banking, particularly phishing attacks.
The framework released by the National Institute of Standards and Technology should serve as an important tool for banks in meeting regulatorsÂ' heightened expectations for managing cyber risk.
There are plenty of reasons why small banks may be reluctant to amp up their social media presence. But this week's bad weather illustrates how these platforms can provide a real value-add.
Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.
The next decade should be a payments-industry renaissance, but thanks to established market shares and persistent consumer and merchant habits, familiar names will remain at the core.
Instead of trying to blame the Target breach on card companies and drag unrelated issues into the discussion, merchants should work with the payments industry to find solutions.
