US Treasury tells banks to provide more cyber attack information

Computer Weekly

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions on cyber events and cyber-enabled crime.

Paul Calatayud, CTO at security firm FireMon, pointed out that in a very competitive market, better security could have a negative effect on customer adoption.

“Instead of two-factor authentication, I would recommend that most critical online applications deploy risk-based authentication,” he said.