BITS establishes new security benchmarks for US banks

BITS establishes new security benchmarks for US banks

US banking technology forum BITS has established a set of increased security guidelines for financial services firms at its annual meeting, and named PNC chairman and CEO James Rohr as its new chairman.

The BITS board approved recommendations to implement voluntary guidelines and business practices in emerging areas such as mobile financial services.

"The purpose is to establish a framework for safe, sound, private and secure financial services - whether online or in traditional settings," says the group in a statement.

Members also addressed critical issues affecting continuity of services in a time of national emergency.

Incoming BITS chairman Rohr comments: "PNC recognised long ago that building best-of-class businesses requires implementing best-of-class technology. My goal as BITS chairman is to further leverage the intellectual capital and best practices in technology for the benefit of financial institutions nationwide and our respective customers."

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