Target Corp. breach, McHugh says.
Joram Borenstein, a cyber-fraud expert and vice president at NICE
Actimize, which provides compliance services to banks and credit unions,
says institutions just need to appreciate that the cyber landscape has
"Banks are sharing information and trends informally, and have been
doing so for years. What is different now is that the sharing
communities have become larger, and the government is also supporting
this sharing in a much more robust manner than ever before," he says.
"Institutions should assume cybersecurity will become an increasingly
regulated area to be handled in the same way other areas of compliance
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