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June 2013 / Volume 15 / No. 5

McGraw: Financial services develop a proactive posture

Security has evolved in the 15 or so years I have been doing it, from a reactive chain of events built around “security mess response,” to a more predictive game with proactive defense based on risk management and forward-looking intelligence. Nowhere is this more evident than in the financial services industry. There, the stakes are high because bits are money; and the notion of adjusting technical infrastructure by weaving controls into the fabric of the organization is de rigueur. Increasingly in the financial sector, security is about looking forward instead of picking up the pieces in a forensic, mop-up operation. This approach is growing in popularity and gaining relevance in other verticals. I just moderated a panel on this issue at the FS-ISAC Conference in Florida. Panelists included Chauncey Holden, chief information security officer of Fidelity; Keith Gordon, vice president of information security at Capital One; and Jim Routh, the global head of application security at JP Morgan Chase. Just for the record, the idea ...

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