To me, it was a given.
In the wake of recent news of IndyMac and other bank failures, it seemed safe to say that U.S. banking institutions were dealing with a bit of a crisis of confidence. I mean, I didn't imagine that line of anxious customers outside IndyMac, did I?
But then I got a recent note from a...
A former Countrywide Financial Corp. employee was arrested by the Federal Bureau of Investigation earlier this month in Los Angeles for stealing and selling sensitive personal information, including social security numbers on an estimated 2 million mortgage loan applicants from around the country for the last two...
Interview with Cyber Crime Expert Eric Fiterman
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...
I'm out in the field this week conducting a series of services for one our clients. At the moment I'm heavily focused on completing a draft of a new vendor management program for them to implement. Although we have a standard methodology that's been used by the practice for several years, I've taken it upon myself...
During my formative years, I developed a tendency to spend considerable time trying to figure out ways to circumvent the myriad systems teenagers and young adults are confronted with. So much of what was expected of me just didn't make sense, and I didn't want to simply go-along-to-get-along. My father would often...
It could be the draft of an important document that sits on the desktop of an employee's computer, or it could be the excel spreadsheet with sensitive information that an employee took home to work on, then copied onto their home PC. Documents such as these are hiding out in a financial institution as "unstructured...
Talk about a harmonic convergence.
Just as the major banking regulatory agencies went before the Senate committee recently to deliver their "State of the Banking Industry" addresses, I was sitting back and starting to think about drafting the questions for our next State of Banking Information Security survey.
Eighty-seven percent of major data breaches could have been avoided through reasonable security measures.
This is the conclusion of a new report from Verizon Business Security Solutions, analyzing 500 forensic investigations of data breaches. Financial institutions made up 14 percent of all companies included in...
Keeping abreast of what's going on in the regulatory compliance domain is something I need to do. It's sort of the life-blood of my career these days, as I spend most of my time either managing or executing audit and assessment activities predicated upon the various regs. Beyond wanting to be certain that my clients...
When a Dallas, TX bank needed some help to stop unauthorized data, it pulled out the biggest guns it could locate to stop the data leaking out of its networks.
The choice was a natural progression of what the bank was already doing to stop data loss, according to Omni American Bank's Chief Information Officer Tony...
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...
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...
Information Security Media Group recently attended the Gartner IT Security Summit 2008 in Washington, D.C. where the theme of the conference was information security 5-10 years from now. We interviewed vendors on the floor of the expo hall and heard about solutions focusing on topics ranging from application security...
Workplace violence - it's one of the most common but least understood risks to all organizations.
From robberies gone awry to bullies in the workplace to domestic anger spilling over from home, the financial institution is rife for violent situations. In this interview, Kim Matlon, COO of R&A Crisis Management...
The hackers that broke into Hannaford Brothers, a northeast U.S. grocery chain, may have spawned other attacks, including one at Okemo Resorts in Ludlow VT. As law enforcement and forensic experts continue to sift through the evidence of these attacks, the retailer and the ski resort remain mum on further...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.co.uk, you agree to our use of cookies.
