Ways to Engage Executives in Cyber Risk

From Risk & Compliance Journal -

“A survey of retail executives shows many retailers making progress toward strengthening their cyber risk management programs, though they, along with their peers in other industries, could still benefit from improved governance and engagement with business leaders. More business executives are starting to recognize that accountability for cyber risk cannot rest solely with the IT organization. The many high-profile breaches in recent years have shown business leaders that efforts to prevent, detect, respond to and recover from cyber incidents require the collective wisdom and authority of executives across a range of functions.”

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Mobile Payments Surge Could Opens Door to New Era of Phishing Attacks

From The Csuite –

 
“The mobile payments industry continues to surge in volume - there is a risk that it will spark a new wave of phishing attacks suggests one industry specialists.

At Agari, we predict that the rapid adoption of new mobile payment systems will drive a spike in the volume of phishing emails aimed at payment customers in the later half of 2015.

Last year, our ‘State of Email Trust’ report, which measures the amount of fraudulent email sent using a company’s domain, revealed that the payments industry had a ThreatScore of under two until the second half of the year, when the number jumped up to 23 in Q3 and 39 in Q4.

This makes payments customers almost 13 times more likely to be attacked by malicious emails in Q4. European banks also saw their ThreatScore rise from 2 in Q1 to 30 in Q3.”

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Risk Is Getting More Attention

From Bank Director –

The focus of bank boards has changed since Bank Director's first audit conference nine years ago.