Early this year, I caught up with Steve Katz, the dean of banking CSO's (see Stephen Katz on Top InfoSec Issues of 2008), and he had some interesting insights on the year's top challenges for banking institutions.
We are in the process of analyzing data from the Identity Theft Red Flags survey we recently administered - a survey that aims to gauge the current readiness of financial institutions as they move toward complying with new guidance from the banking agencies regarding their identity theft prevention programs. Many of...
The parent company of the Montgomery Ward website had at least 51,000 records stolen out of a database last December, but failed to notify its customers.
The breach, first detected by Citigroup, a financial services company, showed hackers found a way into HomeVisions.com, a separate website of Direct Marketing...
Only half of U.S. banking institutions say they will beat the Nov. 1 deadline for compliance with the Identity Theft Red Flags Rule.
This is the key finding of a new survey aimed at gauging the success of institutions' efforts to meet the terms of the new regulatory mandate. The survey, administered in June by...
So, how do the third-party service providers respond to regulatory pressure on financial institutions to improve vendor management?
The major banking regulatory agencies have sent a clear statement to the institutions they oversee: Do a better job of selecting, contracting with and managing your major vendors....
We've known for roughly six months now that the Identity Theft Red Flags Rule compliance deadline is Nov. 1, barely four months away. How close, then, are banking institutions to meeting that deadline?
That is the question of the summer, and the answer will be found in the results of our new Identity Theft Red...
Our insightful content just became a whole lot more interactive - and opinionated.
With the debut of five new blogs on BankInfoSecurity.com and CUinfoSecurity.com, Information Security Media Group (ISMG) is opening the floodgates to a whole new level of informed opinion and two-way communication with its vast...
Life on the Great Plains for many nomadic Indian tribes was built around the buffalo. The tribes followed the herds of great shaggy beasts across the rolling hills of tall grass, their entire lifecycle centered on the buffalo herd. Braves honed their lance and bow and arrow skills with hours of practice. A common...
Finally, it's your turn to have your say.
Since first joining Information Security Media Group late last summer, one of my primary goals has been to debut a blog for BankInfoSecurity.com and CUinfoSecurity.com.
Today, proudly, I'm able to announce the launch of not just one blog, but five - with more to come in...
On one hand, this step does show that the business has made a conscientious effort to plug a major security hole.
But on the other, can't you see that first lawsuit filed by a breached customer saying "Hey, you gave me this stuff and said my PC was safe ...?"
Credit and debit card fraud: It's the threat that keeps growing and evolving.
A year ago, many banks and credit unions were forced to cancel and reissue thousands of cards as a result of the TJX breach. More recently, banks located in Indiana saw accounts breached from ATM or debit card transactions. Indiana law...
Two men have been charged with making hundreds of fraudulent withdrawals from New York City automatic teller machines earlier this year, taking more than $750,000 in cash.
In a federal indictment filed in the U.S. Southern District of New York, Yuriy Ryabinin, a 32-year-old Ukranian immigrant and Ivan Biltse, 30,...
Security is good for your customers - and that's good for your business. When you increase security of your online applications, you boost consumer confidence, loyalty, and sales. You also position your company to comply with current and emerging government regulations.
A new white paper from VeriSign spells out...
Less than a month after TD BankNorth customers in New Hampshire were alerted by the bank that their Visa debit or credit cards may have been compromised comes news of a phishing email scam against the bank's customers. The bank, headquartered in Portland, ME, has $119 billion in assets and 1,100 locations on the east...
Everyone knows the date: Nov. 1 - that's when U.S. financial institutions must be in compliance with the Identity Theft Red Flags Rule.
With institutions now racing to meet or beat the deadline, Information Security Media Group is launching a new webinar, ID Theft Red Flags Roundtable - Tips from Regulators and...
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