The Countrywide insider case appears bigger than initially revealed.
After first informing the State of Massachusetts that only three of its citizens were affected by the data theft, Countrywide has now revealed that, as a result of an internal investigation, as many as 45,282 Massachusetts residents are "at risk."
And so the hits just keep on coming.
Just when you think you've seen the biggest bank failure in modern times in IndyMac, WaMu comes along and tops them all.
Just when you think you've seen the blackest of Black Mondays in your lifetime, a darker day dawns, and the stock market reels from a record plunge of 777...
I'll admit it, I've become an FDIC press release junkie. The past few weeks, nay, the past year, have given me a steady supply of news to keep my binge going. From bank closings to statements on conservatorships, this affair has been nothing short of spectacular.
I was presenting at a credit union conference this week, where the session before mine covered current economic conditions. The timing was perfect in a macabre sort of way, as the 24 hours prior were filled with news about the Merrill Lynch rescue and Lehman Brothers collapse. As part of the Q&A phase, a prediction...
You know someone. Out of millions of Merrill Lynch customers, you should know at least one. Combine Bank of America's many more millions of banking customers, and you have to know someone. I know quite a few myself. All of these people are waiting to be absorbed into what is ultimately a new regime. This state of...
There were two crashes heard within the banking industry on Monday.
One was the stock market, which suffered its biggest drop since the aftermath of the terrorist attacks of 2001 - the Dow Jones industrial average alone lost 504 points, or 4.4%. The Nasdaq composite lost 3.6%.
But the second crash may have been...
Career opportunities abound for people interested in entering information security as an entry-level or mid-career position.
In this exclusive interview, Matt Bishop, Professor of Computer Science at UC-Davis, discusses:
His current projects, including vulnerability analysis and the insider threat;...
This is a transcript of a recent webinar, Insider Threats - Safeguarding Enterprise Information Assets, sponsored by Imprivata. This session discusses the need and importance for convergence of physical and logical access control. To highlight the significance, Imprivata showcases their revolutionary product,...
Everyone was watching the Olympics this past month and saw lots of records being broken. But there is one record no one want to be included in -- the record number of 449 data breaches that have happened (and been made public) and recorded by the Identity Theft Resource Center.
Unfortunately for some unlucky...
Interview with Matt Bishop, Professor of Computer Science, UC-Davis
Career opportunities abound for people interested in entering information security as an entry-level or mid-career position.
In this exclusive interview, Matt Bishop, Professor of Computer Science at UC-Davis, discusses:
His current...
GLBA who? Bank Secrecy what? Insider Threat?...is that something mob-related?
Your customers may not even know your institution is examined for security compliance by the banking regulatory agencies, and so most likely will have never even heard about the ID Theft Red Flags Rule and the impending November 1 ...
With four months to go in 2008, the number of data breaches on the Identity Theft Resource Center's (www.idtheftcenter.org) Breach List has already passed the 446 breaches reported by ITRC for all of 2007.
Last Friday, the number of data breaches hit 449. ITRC's founder Linda Foley cautiously says this milestone is...
Maybe the Countrywide television ads that constantly run on cable news shows I watch on weekends will now tout, "Finance your mortgage with Countrywide, and have your identity stolen at the same time for mere pennies."
The recent arrest of a former Countrywide employee in the insider identity theft case, where an...
"Whitelisting" is a new twist on information security. Instead of trying to find a software solution that keeps all of the potential bad guys out of your systems, whitelisting allows you to establish a protection layer that grants access to only your finite list of good guys - individuals or applications.
In this...
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their customers and critical financial/informational...
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