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While the cybersecurity industry has evolved, the role of regulators enforcing compliance and ensuring the deployment of real security solutions has been virtually nonexistent. Despite clear standards, such as the FFIEC’s 2006 "By definition true MFA," regulators have turned a blind eye to widespread noncompliance, choosing not to enforce the binary standards required for real security. This failure to act has not only allowed companies to falsify compliance but has also contributed directly to the cybersecurity crisis we face today.

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Regulatory Failures and the Consequences of Inaction

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  • 发表日期：

    2025年

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  • Christopher Murphy

摘要

While the cybersecurity industry has evolved, the role of regulators enforcing compliance and ensuring the deployment of real security solutions has been virtually nonexistent. Despite clear standards, such as the FFIEC’s 2006 "By definition true MFA," regulators have turned a blind eye to widespread noncompliance, choosing not to enforce the binary standards required for real security. This failure to act has not only allowed companies to falsify compliance but has also contributed directly to the cybersecurity crisis we face today.