Mobile, Cloud Security Guidance Needed
Grazed from BankSecurity Info. Author: Tracy Kitten.
Last year, federal regulators issued FFIEC authentication guidance for online transactions. But, unfortunately, regulators apparently don’t plan to issue additional guidance on the security issues involved in mobile banking and cloud computing.
Larger institutions don’t really need guidance on these topics. Most are addressing risks out of necessity. Higher transaction volumes expose them to more fraud. Besides, they have the staff and budgets in place to help mitigate risks…

