In spite of doom-and-gloom predictions following the FFIEC’s guidance announcements, financial institutions are able to balance convenience with security
As many U.S. banks and credit unions turn a corner on two-factor authentication deployments precipitated by last year’s Federal Financial Institutions...
The Check Clearing for the 21st Century Act (Check 21) has created new opportunities for financial institutions and customers. By eliminating the need to transport paper checks, remote check capture can provide significant cost savings for financial institutions. Customers benefit as well: retail customers can receive...
Manual processes leave financial institutions open to insider threats, said a study showing that nearly 60 percent of U.S. businesses and government agencies report they don't have the information or the technology to deal with insider threats to their network. This is according to a new study done by the Ponemon...
The small bank market depends on its leading vendors for its latest technologies, including remote capture, and fraud and security applications, according to a report completed last month. In the new report, Evaluating the Vendors of Small Banks' Core Banking Systems, Aite Group evaluated and compared the small-bank...
Today we're speaking with Alan Paller of the SANS Institute. For those of you who don't know, SANS is the most trusted and, by far, the largest source for information security training and certification in the world. It also develops, maintains, and makes available at no cost the largest collection of research...
Financial institutions can expect increased scrutiny on information security policies in 2007 as regulators devise new oversight standards.
In December, the Public Company Accounting Oversight Board (PCAOB), which establishes rules for compliance with Sarbanes-Oxley, proposed a new standard for Sarbox section...
In December, a milestone of sorts was reached when Boeing Co. disclosed that a laptop containing names, SSNs, home addresses, phone numbers and dates of birth of 382,000 current and former employees had been stolen from an employee's car.
The theft pushed the number of records compromised due to security breaches...
The arms race against phishers, strengthening firewalls, FFIEC authentication deadline issues and the constantly evolving risk management model were among the many topics covered by the FINSEC 2006 conference speakers last week in New York.
The security strategies and tools and techniques presentations covered in...
The results are in, and BankInfoSecurity.com would like to present the Top 10 financial information security articles on this website from 2006. All articles have been posted since January, and include any articles through the last week in July.
Not surprisingly, the number one article referred to actual financial...
EMC Corp.'s recent acquisition of RSA Inc. underscores the convergence of information security and storage. EMC, which sells large storage systems for use in corporate data centers, bought RSA - a manufacturer of encryption software and devices - to provide it with identity and access management technologies and...
As the threat of computer-initiated attacks increases, and as regulators put more pressure on banks to shore up their information assets, financial institutions are turning toward outsourcing their information security functions to third party processors. These outsourcing deals, which are often part of a larger IT...
In deciding to retain a managed security service provider, an organization needs to treat the potential action as a risk mitigation sharing decision. When weighing the risks, banks need to consider issues such as trust, dependence, and ownership.
Establishing a good working relationship and building trust between a...
The contract management software market is moving toward a merger and acquisition spree. Choosing the right vendor can be a risky proposition. This does not mean organizations should delay a contract management purchase. Instead, it means decision makers should carefully weigh the pros and cons of purchasing an Oracle...
Contracts perform a critical role in determining the value of a business relationship. For organizations managing large volumes of contracts, contract management software can help improve relationships with vendors and customers, decrease inflated costs, and ensure compliance.
Contract Lifecycle Management...
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