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.
From Bear Stearns to IndyMac, Eliot Spitzer to Bernard Madoff, AIG to WaMu, BCP to TARP...2008 has been an historic year for banking institutions. And everybody from regulatory examiners to practitioners and service providers looks forward to closing the books on the old year and ringing in the new.
As we head into...
Looking ahead to 2009, banking/security guru Steve Katz quotes the ancient proverb: "May you live in interesting times."
With a new administration, new banking landscape and regulatory changes expected, we live in interesting times, indeed.
Getting people on the phone this time of year can be quite a challenge. Between getting ready for the holidays, celebrating the holidays and trying to wrap up everything outstanding before year end there's simply a shortage of available time. And so as we work on building out the project schedule for the first...
Wow - we've been part of quite a bit of quick decision-making recently. Financial institutions going out of business almost overnight, trillions of dollars being offered from the U.S. government in the blink of an eye, and the largest in the industry merging with and/or acquiring peer institutions within weeks.
Sitting down at your desk wondering how you're going to get your info sec budget through the next finance meeting unscathed and still manage to meet all of your department's regulatory requirements? Well, I can assure you, you're not alone.
Regulatory compliance is the backbone of a financial institution's information security program. But compliance alone isn't enough, says John Pironti of ISACA's Education Board, who advises institutions to take a risk-based, not a "checklist-based" approach to security.
In an exclusive interview, Pironti...
The FDIC announced details regarding their recently approved 2009 operating budget. Not exactly your "stop the presses, hold all my calls" sort of thing, but it was worth my time to read through it.
I've heard that timing is the key to comedy; it may well be true for information security as well.
Late last week I'd sent an email to the BIS (BankInfoSecurity.com) team suggesting that they consider publishing a piece about phishing. I've been getting clobbered with a wide-range of phishing emails over the past...
From Hannaford Brothers to Countrywide, this year has been full of stories of criminal activity on the Internet, with hackers and phishers wreaking havoc on computer systems and consumers, causing credit and debit fraud numbers to soar.
What does next year hold for fraud against financial institutions? Here are 10...
At a time when risks are high and consumer confidence is low, corporate boards of directors aren't paying nearly enough attention to information security and cyber threats.
This is the key takeaway from a new, which shows that there is a "gaping hole as wide as the Grand Canyon" in board and senior executive...
Interview with Jody Westby, Adjunct Distinguished Fellow at CyLab and CEO at Global Cyber Risk
At a time when risks are high and consumer confidence is low, corporate boards of directors aren't paying nearly enough attention to information security and cyber threats.
This is the key takeaway from a new Carnegie...
The market fluctuates, budgets shift, staffing resources change. But regulatory mandates? They stay the same.
Despite the economic downturn and its broad effects, banking institutions continue to be held to - and measure up to - exacting standards from regulatory agencies. In this exclusive interview, David...
As of Nov. 1, banking institutions are now eligible to be examined by federal regulators for compliance with the new Identity Theft Red Flags Rule.
So, what should banking/security leaders expect from their initial examinations?
In an exclusive interview, Bill Sewall previews his new webinar, "How to Prepare for...
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