[145648] in cryptography@c2.net mail archive
Re: Has there been a change in US banking regulations recently?
daemon@ATHENA.MIT.EDU (Jon Callas)
Fri Aug 13 14:20:43 2010
From: Jon Callas <jon@callas.org>
In-Reply-To: <E1Ojsus-0003Z8-Bp@wintermute02.cs.auckland.ac.nz>
Date: Fri, 13 Aug 2010 11:12:53 -0700
Cc: Jon Callas <jon@callas.org>,
cryptography@metzdowd.com
To: Peter Gutmann <pgut001@cs.auckland.ac.nz>
> What on earth happened? Was there a change in banking regulations in =
the last
> few months?
Possibly it's related to PCI DSS and other work that BITS has been =
doing. Also, if one major player cleans up their act and sings about how =
cool they are, then that can cause the ice to break.
Another possibility is that a number of people in financials have been =
able to get security funding despite the banking disasters because the =
risk managers know that the last thing they need is a security brouhaha =
while they are partially owned by government and thus voters.
I bet on synergies between both.
If I were a CSO at a bank, I might encourage a colleague to make a =
presentation about how their security cleanups position them to get an =
advantage at getting out from under the thumb of the feds over their =
competitors. Then I would make sure the finance guys got a leaked copy.
Jon
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