Risk management today - it's less about pure technology, more about business acumen and pure communication skills.
This is the position of Kenneth Newman, VP & Information Security Manager at Central Pacific Bank. In an interview about top risk management trends, Newman discusses:
Scope of the risk management...
Passwords are the bane of my existence -- probably yours, too. In order to be a good, secure, computer and Internet user, ideally I should have a different password for every single application I use, website I register to, and place I visit on the Internet. I frequently have at least 10 to 15 different passwords and...
In the wake of major security incidents such as the Heartland Payment Systems data breach, critics have focused on the perceived flaws of the Payment Card Industry Data Security Standard (PCI) and the role of qualified security assessors (QSAs).
Following are five myths and realities detailed by PCI compliance...
The Payment Card Industry Data Security Standard (PCI) is one of the hottest topics in information security today. And PCI Quality Security Assessors (QSAs) are among the most sought-after of security professionals.
What, then, does it take to become a QSA?
What's the cost of a data breach?
The Ponemon Institute is out with its 5th annual "Cost of a Data Breach" study, and in an exclusive interview Dr. Larry Ponemon discusses:
The current cost of a data breach - and how it's risen since 2009;
Data breach trends across industry;
What organizations should do to...
The U.S. Secret Service has broken up an alleged ring of ATM skimmers in Massachusetts, announcing the arrests of three suspects -- including one man who was in possession of nearly $100,000 when he was arrested.
Add four more states to the list of those whose banking customers are being struck by telephone-based phishing attacks.
Financial institutions in Michigan, Wisconsin, Minnesota and Mississippi report being hit by these "vishing" attacks in the past two weeks. Five different institutions -- three credit unions and...
What's one of the biggest threats to Florida banking institutions? Regulatory reform, according to Alex Sanchez, head of the Florida Bankers Association.
"We're easy targets," says Sanchez, who fears Main Street institutions will take it on the chin from legislators for economic mistakes made by Wall Street and...
Six banks were closed by state and federal regulators on Friday, Jan. 29. The largest of the institutions, First Regional Bank, Los Angeles, California, had $2.18 billion in assets under management.
These latest closings bring to 16 the total number of failed institutions so far in 2010.
The American Bankers Association is the latest group to be used by hackers to try and spread malware.
Other well-known names in the industry have been used as bait in phishing emails, including the FDIC, US Treasury, Internal Revenue Service and many financial institutions. The ABA issued an alert to its members.
The Payment Cards Center of the Federal Reserve Bank of Philadelphia has published "Heartland Payment Systems: Lessons Learned from a Data Breach," a discussion paper on the Heartland Payment Systems breach.
The paper is a summation of a workshop held in August 2009 at the Philadelphia FRB, where Heartland CEO Bob...
The latest report from the Anti Phishing Working Group paints a distressing picture for anyone doing transactions online, says Dave Jevans, Chairman of the APWG.
All phishing numbers are on the rise. The number of unique phishing reports submitted to APWG for the third quarter of 2009 reached a record 40,621 in...