Regulatory compliance expert Harry Rhodes says it's essential to have a formal process in place for objectively assessing whether a security incident needs to be reported as a breach.

ThreatMetrix's Taussig says strong authentication should be part of every financial institution's layered security approach. And according to expected changes to the Federal Financial Institutions Examination Council's 2005 online authentication guidance, that means proven measures to enhance device identification.

ThreatMetrix's Taussig says device identification must be part of layered security measures. Banking regulators want financial institutions to deploy multiple layers of online security. But what does that expectation mean when it comes to investments in fraud detection?

Intel CISO Malcolm Harkins says the Sony PlayStation breach reminds CISOs in all sectors that such incidents can't be avoided, but their risks can be managed.

"Breach notification planning is just a fundamental, basic part of risk management in the new millennium," says security expert Bob Chaput.

Four years ago, the Council of Registered Ethical Security Testers began as an organization to bring standardization to the penetration testing industry. Today, CREST's scope is expanding across industries and global regions, says president Ian Glover.

Security expert Andrew Weidenhamer offers insights on physical security measures that can help prevent breaches.

IT security and privacy lawyer David Navetta says revelations that mobile devices such as the iPhone, iPad and Android maintain hidden files tracking users locations could pose a threat to organizations, regardless of whether the devices are owned by individual employees, the company or government agency for which they work.

From mobile devices to social media and cloud computing, IT governance is all about risk management. "You can't de-risk everything, but you can de-risk the majority of circumstances you will see in normal operations," says governance expert Robert Stroud.

The latest Verizon Data Breach Investigations Report is out, and the good news is: The number of compromised records is down. The troubling news is: The number of breaches is up. Bryan Sartin, one of the report authors, explains why.