BITS CTO Corner

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CTO Corner

CTO Corner is BITS’s monthly publication covering emerging trends and technologies in the financial services industry.


CTO Corner: The Future of Identity Management in Cyber Space

In 2007, each person had an average of 6.5 passwords that they used for 25 different online accounts (each password being recycled about four times creating a security issue). By 2014, the average reportedly grew to 19, used to access accounts across desktop computers, smartphones and tablet computers, with the looming Internet of things...

CTO Corner: Financial Trades’ Role in the Fight against Cyber Threats – Part 2

Last month, we took a retrospective look at the evolution of cybersecurity and the increasingly active role played by FSR’s BITS and other financial trade associations. The second part of the series focuses on steps the financial services sector should consider to get ahead in the cybersecurity game by adding clarity and removing impediments to...

CTO Corner: Financial Trades’ Role in the Fight Against Cyber Threats

As the Internet has grown in popularity and commercial use, so has the threat and sophistication of cyber attacks. Threats now include the blurring of malware, new technology and other tactics that is practiced by criminals, hacktivists and even nation states, all of which can have devastating consequences for consumers, the economy and our...

CTO Corner: Potential Impact of Human-Machine Interfaces on Financial Services

This CTO Corner examines how advances in human-machine interfaces may affect the way financial institutions deliver services to customers. It also explores significant challenges surrounding security and privacy protection. The major drivers for these changes are the increased popularity of smaller mobile devices with biometric sensors and...

CTO Corner: Identity Proofing and Authentication

This CTO Corner discusses current identity proofing and user authentication processes, reviews current weaknesses, identifies current efforts to strengthen them, and explores what else the financial services community could be doing. User identification and authentication are key components of any system that needs to restrict access to its data...