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No Time for Declarations of Victory: Protecting Customers Beyond Compliance Deadlines

PublisherRSA Security
Format670.0KB PDFDate added01 Mar 2007
Topics Security Standards, Security Management, Finance
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Financial institutions that meet the compliance guidance for stronger customer data and transaction protection will be wise not to declare victory. This is not Y2K and there are no permanent one-time fixes. In fact, those who prematurely declare "Mission Accomplished" in order to move on to bigger and better problems would do well to heed a lesson from recent history: "The real trouble is probably just getting started." Today fraudsters have created an integrated supply chain of data thieves, data salesmen, and account hijackers. They understand the strengths and weaknesses of risk management, have adopted continuous process improvement as a best practice, and don't go back to legitimate jobs when they run up against strengthened security.

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