Currently 54 financial institutions are members. Presidential Decision Directive 63. There are several security issues that will need more attention in the future. The next generation of viruses Speed to market. There is enormous pressure, driven by Internet time, to bring products quickly to market.
Insider threat is the number one issue in security today.
Insider threat involves someone who works on the inside of an organization doing something he is not supposed to be doing. The BITS lab is very active in researching this issue and has described minimum security criteria that financial services companies can use as baseline criteria for access control. In addition, the BITS Fraud Working Group deals with check and Internet fraud, sharing best practices on what we are doing in these areas. We are working on a certification program that would consist of verifying employees, background checks, and training employees on internal security practices. The Internet has removed geographic borders.