Did Obama's Cyber Summit Miss the Mark?

[InfoSec News <alerts () infosecnews org>]

http://www.bankinfosecurity.com/did-obamas-cyber-summit-miss-mark-a-7918

By Tracy Kitten
Bank Info Security
February 16, 2015

Payments security was a marquee topic at last week's White House Summit on 
Cybersecurity and Consumer Protection. But was it all just talk, or will 
decisive action result from the Summit?

Some observers say that, despite commitments made by leading payment card 
brands to enhance security, the Summit produced no specifics about how 
public and private sectors will collaborate to curb cyber-fraud. They also 
say the card brands' plans fail to address tokenization concerns that 
banking/security leaders and retailers have been at odds over for the past 
several months.

Fraud expert Avivah Litan, an analyst at the consultancy Gartner, says 
most of the payments security initiatives noted by the White House are 
more of a roundup of innovative private-sector initiatives, rather than 
specific action points the government plans to take to curb cyber-related 
fraud.

Most notable of all, Litan says, is the lacking specificity the Obama 
Administration has provided about action it plans to take to stop data 
breaches, "for example, by coming up with a method to tokenize Social 
Security numbers."

[...]



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