As summer draws to an end, schools reopen and Labor Day arrives, there's something else that everyone is looking to return: the H1N1 flu virus. U.S. organizations handled the so-called swine flu virus spread in the spring, but now is the time to ask: Are you and your staff ready for its return?
There have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions - up from 34 at this same time last year.
In reviewing these 46 incidents (see interactive map w/details of each breach), one finds goods news and...
TJX. Hannaford. Heartland. Those are the names we all know, the famous fraud stories we all can recite by heart.
But who knows about Unique Industrial Product Co., a Sugar Land, Tex.-based company that lost $1.2 million to fraudsters this last April?
The targets are getting bigger, the fraudsters bolder, and we all have a whole lot more at stake to lose.
This is the message from Mary Monahan, Managing Partner and Research Director at Javelin Strategy & Research. In a discussion of current data breach trends, Monahan touches upon:
How breaches in 2009 are...
The ex-Goldman Sachs employee accused of taking proprietary trading code is only one example of the insider threat within financial services companies. Jacob Jegher, banking analyst with Celent, discusses:
Lessons learned from the Goldman Sachs case;
The importance of policies and procedures when it comes to...
Lexis-Nexis made public notification of a data breach that federal authorities say is tied to a New York mafia crime family. The New York-based company has sent more than 13,000 letters to former customers whose personal data may be at risk. The 13,000 customers may have been targeted for extortion and identity theft.
The ex-Goldman Sachs employee accused of taking proprietary trading code is only one example of the insider threat within financial services companies. Jacob Jegher, banking analyst with Celent, discusses:
Lessons learned from the Goldman Sachs case;
The importance of policies and procedures when it comes to...
In another high-profile insider theft case involving a financial services company, the U.S. Justice Department and FBI agents arrested a former Goldman Sachs computer programmer on July 3, charging that he stole computer codes linked to the Wall Street trading firm's high-speed transaction platform.
According to...
The Heartland Payment Systems (HPY) data breach came as an unpleasant surprise to many financial institutions and their customers in early 2009. What are the threats we should eye as we look ahead to 2010?
Bernard Madoff will spend the rest of his life behind bars, as he was sentenced today to 150 years in federal prison for the biggest Ponzi scheme ever perpetrated.
Earlier this year in March, Madoff, 71, pled guilty to swindling thousands of investors out of billions of dollars. Prosecutors say the Ponzi scheme...
The power of social networking web sites can be measured by just looking at the number of hits (or visits) to a person's web page on such well-known sites as MySpace or Facebook.
The negative side web users should consider before placing information on such social networking sites include the connection one...
The Heartland Payment Systems (HPY) data breach came as an unpleasant surprise to many financial institutions and their customers in early 2009. What are the threats we should eye as we look ahead to 2010?
In an exclusive interview, Bryan Sartin of Verizon Business, discusses the company's exhaustive research of...
A former bank teller in Massachusetts has been charged with fraud and aggravated identity theft in a $270,000 fraud scheme. The FBI investigation led to a 25-year-old who worked as a bank teller at a Bank of America branch in Peabody, MA.
The Securities and Exchange Commission charged Angelo Mozilo, the former chief executive of the mortgage lender Countrywide Financial, and two other company executives with civil fraud on Thursday.
Verizon Business investigated 90 major data breaches in 2008, including 285 million compromised records. Nearly ¾ of those breaches were external hacks, and 99.9 percent of the records were compromised via servers and applications.
These are among the findings of Verizon's new 2009 Data Breach Investigations...
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