There are a number of new regulatory compliance and security initiatives that means changes for financial institutions.
But do these changes also open the doors to potential fraudsters?
Kris VanBeek, SVP of Information Systems at Digital Federal Credit Union, discusses:
How some of these changes might attract...
Orion Bank a $2.7 billion, Naples, Fla.-based institution, was one of three banks closed by state and federal regulators on Friday, Nov. 13.
These closings raise to 142 the number of failed banks and credit unions so far in 2009.
Since the Heartland data breach was announced in January, there's been no shortage of discussion about the Payment Card Industry Data Security Standard(PCI DSS) and its requirements of merchants and payments processors.
But what about financial institutions?
Banks and credit unions store large amounts of...
After fingerprints, iris recognition is the second most supported biometric characteristic, and its popularity as a means of authentication is growing.
Patrick Grother is among the computer scientists at the National Institute of Standards and Technology's Information Technology Laboratory who are collaborating...
Insights from Former Regulator Christie Sciacca
Sen. Christopher Dodd has just released his draft version of a banking regulatory reform bill. How does it differ from other proposals that came before it, and how will banking regulation be reshaped - and when?
Christie Sciacca, formerly with the Federal Deposit...
U.S. Sen. Christopher Dodd, D-Conn. and chair of the Senate Committee on Banking, Housing, and Urban Affairs, on Tuesday released a much-anticipated draft of a regulatory reform bill that would strip the Federal Reserve and other agencies of their power to regulate the banking industry.
It's been one year since federal regulators started examining banks and credit unions for compliance with the Identity Theft Red Flags Rule. How have institutions fared?
So far, so good, regulators say. The majority of institutions examined have been in compliance, with a minority failing to either implement or...
Five more banks were closed by state and federal regulators on Friday, Nov. 7 - the largest of them being United Commercial Bank, an $11.2 billion institution, which now has been acquired by East West Bank.
For students seeking employment, the federal government seeks interns and entry-level candidates within IT and cybersecurity. Job positions including program management support, technical support engineers, policy review professionals, network security support engineers and IT specialists are open for immediate hire...