When it comes to protecting their customers' identities, how do the major banking institutions rate?
Javelin Strategy & Research has just released a new Banking Identity Safety Scorecard that ranks the major institutions. In an exclusive interview about the report, James Van Dyke discusses:
How the scorecard was...
While most people are planning time off from work over the holidays, criminals are working overtime this season on new scams to steal personal data.
The latest fraud schemes come from Connecticut, Hawaii and Oklahoma.
"The more things change, the more things stay the same." This old saying holds true when it comes to the different types of fraud hitting financial institutions.
In 2009, institutions were being hit from every angle with fraud schemes -- some were old, and some were new variations. Here is a roundup of the 10...
The top breaches of 2009 can be described in many ways, but the first word that comes to mind is "big."
With the announcement in January of the breach that surpassed the 2005 TJX breach, Heartland Payment Systems leads all of the hacks that hit or affected the financial services industry in 2009.
Interview with Jay Foley of the Identity Theft Resource
Financial scams and incidents of medical identity theft are on the rise - and they're among the main threats to business and consumers in 2010.
This is the warning from Jay Foley, executive director of the Identity Theft Resource Center. In an exclusive...
Three banks were closed by state and federal regulators on Friday, Dec. 11.
With these closings, the year's tally of failed institutions rises to 163 - 133 banks and 30 credit unions that have been closed, acquired or placed into conservatorship.
Interview with Wade Baker and Alex Hutton of Verizon Business
Earlier this year, Verizon Business unveiled its much-heralded 2009 Data Breach Investigations Report.
Now, the company has just released its 2009 Supplemental Data Breach Report, which reveals the 15 most common attacks against organizations.
An undisclosed number of HSBC customers had personal data exposed online about their bankruptcy proceedings, according to a data breach notification letter dated November 20 and sent to the New Hampshire attorney general's office. The letter was made public last week.
OK, it's year-end and everybody is thinking about the biggest this, biggest that of the year - of the decade, even. And we'll have our own lists, too, no worries. There's a lot to look back upon this year, and even more to look forward to in 2010.
But what are on my mind today are the big stories that no one seems...
A missing laptop may have caused a security breach at Flagstar Bank in Grand Rapids, MI, according to a letter the bank sent to some of its customers on Nov. 25.
The bank's letter tells customers that a laptop owned by an unidentified bank vendor was stolen and held an undisclosed number of customer social security...
Banking customers in three additional states have received bogus text messages purporting to be from their institutions.
As part a growing wave of similar phishing attempts throughout the nation, customers in Cincinnati, Ohio, St. Louis, Missouri and Lewiston, Idaho last week reported receiving text messages...
AmTrust Bank, the $12 billion Cleveland, Ohio-based institution, was closed on Friday, Dec. 4 - one of six banks to be shut down by state and federal regulators.
New York Community Bank of Westbury, NY, immediately assumed all of AmTrust Bank's Deposits. Meanwhile, State Bank and Trust Company of Macon, GA., acquired...
For the second time in recent months, bank customers have been sent phishing emails purporting to be from the Federal Deposit Insurance Corp. (FDIC).
Residents in Palo Alto County, IA area have been warned by their banks of the email scam. The FDIC also on Thursday sent out an alert about the scam to all security...