I read the news today, oh, boy.
About another credit card processor that supposedly has been breached, exposing consumers and cards to potential fraud.
This news comes almost a month exactly after Heartland Payment Systems (HPY) went public with news of its data breach sometime in 2008.
The numbers are staggering as we try to get a handle on exactly how many institutions, cards and customers have been affected by the Heartland breach.
One single institution's report of the number of cards compromised by the Heartland Payment Systems (HPY) data breach - 10,000.
You can't get away from this story.
Since we first broke the news about the Heartland Payment Systems (HPY) data breach back on Jan. 21, this story has just dominated conversation in and about our industry.
On our site, the latest news updates and have proven enormously popular.
So, we were among the first to break the Heartland story when it first broke last Tuesday, and we've continued to follow it closely. After the initial media surge, where we saw news outlets and solutions providers tripping over one another to opine over what they think happened to Heartland and what it all means, here...
Let's talk about how a big disaster becomes an even bigger one.
On Tues., Jan. 20 - Inauguration Day - Heartland Payment Systems (HPY) President/CFO Robert Baldwin announced the company had been breached sometime in 2008.Heartland, which processes roughly 100 million transactions per month for 250,000 different...
An alleged bank robber gets away with nothing, and he's in jail awaiting trial. Not that I'd argue otherwise. Meanwhile, Madoff defrauds investors of billions, quite literally ruins businesses and lives ... and he hasn't even lost access to his premium movie channels.
OK, for months now we've been saying (all right, I've been saying) that we all know regulatory reform is coming; it's just a matter of "what" and "when."
Well, "when" was Thursday, and "what" arrived in the form of a new report from the U.S. Government Accountability Office (GAO), proposing a new framework for the...
Stupid robbery attempts are always funny, but when they happen in your backyard, well, they're even funnier.
A few weeks back, near my home in New Hampshire, a would-be robber held up a local Citizens Bank branch, and he attempted to get away with an undisclosed amount of cash.
I'm excited about the news we're announcing today re: opening access to all of the articles on our site.
With more people able to view our stories w/o first having to register or log in, that will enable more opportunities for folks to comment on our stories, which then fuels one of my favorite parts of this job:...
There's so much we can't control today. The global economy, the fickle stock market, rampant layoffs, decisions being made in Washington, D.C. All these elements affect us, but there's little to nothing we can do to influence them.
Helpless feeling, no?
That's why this week, in advance of the Thanksgiving...
As wild as the end of 2008 has been, I can't get my mind off 2009.
This is because I'm just now helping to put the finishing touches on our annual State of Banking Information Security survey, which helps us take the pulse of the banking/security community, so we can gauge the priorities for the year ahead.
OK, so first came the subprime mortgage debacle, and it was bad.
Then came the global credit crunch, and it was worse.
Reading the economic tea leaves, the feds in October swept in with a $700 billion economic relief package designed to bail out some of the nation's troubled financial institutions. So, then we...
At least one question has been answered.
With the election of Barack Obama as the next U.S. President, we know who our nation's leader will be for the next four years. And with Democrats picking up additional seats as the majority party in both the House and Senate, we have a sense that Obama is going to have some...
Couple things I'd like to quickly bring to your attention.
First, have you checked out any of the new Bank Information Security Handbooks we introduced last week?
These electronic editions compile highlights of our content - articles, interviews, blog postings, agency alerts, etc. - in a unique format that gives...