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/   Voices

New technology to ease application shipment could make a big difference for many financial service institutions

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/   Voices

Walmart Pay could be another step in companies outside financial services getting in on the action

Fast Facts: Student Loans

January 22, 2013
/   Insights

The Financial Services Roundtable recently released another iteration of its Fast Facts, reliable, bullet-point research about issues facing the financial services...

What We’re Reading

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/   Spotlight

Below are interesting stories the staff has been reading over the past week. What have you been reading? Let...

The Financial Services Roundtable recently released another iteration of its Fast Facts, reliable, bullet-point research about issues facing the financial services industry. Topics span TARP, Dodd-Frank, insurance, lending, retirement savings and more. 

The financial services sector and private industry are increasingly targeted by complex cyber-attacks. Attacks can have potentially disastrous effects including theft of confidential data, damage to critical infrastructure, and denial of access to customers, shareholders, or investors.

FACT: The White House has recognized the importance and need for increased cyber defense and information sharing through both a policy directive and executive order signed February 12, 2013.

FACT: The financial industry has successfully withstood three waves of distributed denial of service (DDoS) attacks beginning in September 2012.

  • DDoS attacks involve a flood of electronic traffic from locations around the world to a website intended to slow down or disable an institutions site.
  • While DDoS attacks are not designed to steal confidential data or expose sensitive personal information, they inconvenience consumers and businesses attempting to access online services and could be leveraged as a distraction for more harmful attacks.

FACT: Information sharing remains one of the best defenses against cyber-attacks.

FACT: Establishing a system where the private and public sectors share and use timely threat intelligence will help America create a more capable and expansive cyber-defense network.

  • Protecting the privacy and security of customers is an industry priority. Information shared is limited to data needed to protect from and respond to cybersecurity attacks.

You can view all previous Fast Facts at

Copyright © 2013 The Financial Services Roundtable, All rights reserved.



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James W. Gabberty

Gabberty is a professor of information systems at Pace University in New York City. An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA.

Brad Strothkamp

Marisa Mann

Marisa Mann brings over 15 years of experience in consulting and financial services industries to the Solstice team, working on large scale enterprise initiatives across many technologies, including specializing in the digital space – Internet and mobile. Mann is passionate about mobile and the endless possibilities for the enterprise, delivering business value through strong brand recognition and driving to excellence in the consumer experience. Prior to Solstice, Mann worked at JP Morgan Chase, Diamond Management and Technology Consultants, Washington Mutual, Inc, and Accenture.

Zachary Ehrlich

25-year-old writer, and as a native San Franciscan, I am unreasonably loyal to Bank of America, if only for their superhero-like origin story, involving the 1906 earthquake and Italian fruit vendors.