Cybersecurity risks posed by inadequate IAM and IT asset management are mounting. Now the National Cybersecurity Center of Excellence has drafted guidance to address banking institutions' unique risks, says Nate Lesser, the center's deputy director.

Managers at all levels must understand their responsibilities in providing role-based cybersecurity training, says Patricia Toth, a computer scientist at the National Institute of Standards and Technology.

The NIST cybersecurity framework will help U.S. banking institutions assess their security strategies, but some institutions fear the framework could trigger unnecessary regulations, says Bill Stewart of Booz Allen Hamilton.

The theft of 2 million credentials reminds security professionals that their organizations are at risk because many employees use the same passwords and devices for personal and business purposes, data security lawyer Ronald Raether says.

U.S. banking institutions need to develop payments strategies to deal with virtual currencies, such as Bitcoin, even if the security risks are not yet fully understood, says Fiserv's Mike Urban.

As U.S. banking institutions make the EMV migration, fraud will migrate from payments cards to areas such as check and first-party fraud, says Fiserv's Mike Urban. How must institutions prepare?

You can be outraged that the NSA collects Internet communications records of U.S. citizens. But don't be surprised, says sociologist William Staples. This is just one example of our "culture of surveillance."

Governments and others using cloud-based services should keep 10 security tips in mind, including making sure they can maintain control of their data if a service provider goes bankrupt, says Dimitra Liveri, co-author of a new report.

In the wake of a surge of lawsuits, bipartisan Congressional support is building for a measure designed to help protect banking institutions from frivolous patent infringement claims, says NAFCU's Brad Thaler.

ATM cash-outs and card-skimming schemes are getting more difficult to detect because today's attacks are global, coordinated and sophisticated, says ATM security expert Chuck Somers.