The National Credit Union Administration (NCUA) board has voted to begin repaying through a special assessment the $310 million it borrowed from the Treasury department for corporate credit union stabilization.
So, how many banking institutions have failed in 2009?
If you pay attention to the popular news media, then your answer is 106. And you'd be partially right. That is the number of FDIC-insured banks to have failed this year - the most in any year since about two President Bushes ago.
Police in three Ohio cities are investigating the theft of three large storage bins from bank branches earlier this month. The storage bins were used to store paper waiting to be shredded. The most puzzling part of the theft is how the thief was able to remove the bins, which were reported to weigh more than 500...
Financial institutions in Kansas and New York report that their customers have received automated phone messages trying to trick them into giving out their banking information. These attacks follow an earlier spate of phone phishing attacks that hit 10 financial institutions in three other states.
Increased demand during a severe pandemic could exceed the capacities of Internet providers' access networks for residential users and interfere with teleworkers in the securities market and other sectors, the Government Accountability Office says.
Interview with Pete Fahrenthold of Continental Airlines, RIMS
Enterprise Risk Management (ERM) is a topic of interest throughout an organization - and increasingly at the board of director level.
But how does a security leader engage the board on ERM - and keep it engaged?
Pete Fahrenthold of Continental...
Seven banks and one credit union failed on Friday, Oct. 23, raising to 124 the number of 2009's failed institutions.
So far this year, 106 banks and 18 credit unions have been closed, acquired or placed into conservatorship.
Here is a rundown of the latest failures:
We all can see the technological and market forces converging to necessitate and enable electronic healthcare records.
But how does this transition impact privacy and compliance within an organization? What are the ramifications for IT and security departments?
Kim Singletary, Solutions Marketing for McAfee,...
In August, Deborah Matz succeeded Michael Fryzel as chair of the board of the National Credit Union Administration (NCUA), the independent federal agency that charters and supervises federal credit unions.
Now, in an exclusive interview with Information Security Media Group, Matz says candidly:
Data broker ChoicePoint has agreed to a stronger data security program and will pay a $275,000 fine for a breach in 2008, according to the Federal Trade Commission.
The FTC says the company failed to implement a comprehensive information security program to protect consumers' personal information, as required by...
Tokenization or end to end encryption - which solution will win the hearts of data protectors in the race to secure data?
A recent study conducted by PriceWaterhouseCoopers on behalf of the Payment Card Industry Security Standards Council shows that end to end encryption and tokenization are the top choices for...
Interview with Rep. Yvette Clarke, Chair, House Subcommittee on Emerging Threats, Cybersecurity and Science and Technology
To quell the rising tide of information breaches and to protect government and key civilian IT systems, the idea of regulating IT and data is gaining ground among those who shape federal law...