I read the news today, oh, boy.
About another credit card processor that supposedly has been breached, exposing consumers and cards to potential fraud.
This news comes almost a month exactly after Heartland Payment Systems (HPY) went public with news of its data breach sometime in 2008.
The number of financial institutions that stepped forward to say their customers' credit or debit cards were compromised because of the Heartland Payment Systems (HPY) data breach has now reached more than 500.
Little more than a month ago, on Jan. 20, Heartland, a Princeton, NJ-based payments processor, went...
What does the Obama Administration's financial industry rescue plan offer that's different from the Bush Administration's approach? Not much, says William Isaac, former FDIC Chair (1981-85).
In an exclusive interview, Isaac discusses:
What the new plan means to the banking industry;
The types of reform the...
Scores of banking institutions have stepped forward and said they and their customers have been impacted by the Heartland Payment Systems data breach. But what can and should they do to understand and respond to the breach?
In an exclusive interview, Doug Johnson of the American Bankers Association...
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
I had an interesting email from a colleague the other day. Turns out someone he knows had recommended that he read a post of mine from January in which I discuss the value (or lack thereof) of having controls in place that don't function. He wanted to let me know about the reach of BIS and let me know that our...
The leather bound marketing brochures, luxurious jets and a cricket championship with a $20 million top prize were all part of what the Securities and Exchange Commission says was a 'massive fraud' on the part of a Houston investment firm.
Interview With Dick Langford, VP, BB&T
What happens after a major security breach such as the Heartland Payment Systems hack? How do banking institutions go about notifying their customers - whose responsibility is it?
At BB&T in Winston-Salem, NC, the role is filled by Dick Langford, Vice President and Manager,...
The Heartland Payment Systems data breach is on everyone's mind, and the case is in the hands now of the Federal Trade Commission (FTC) if it chooses to investigate. While the FTC will neither confirm nor deny a Heartland investigation, staff attorney Alain Sheer does offer his insight on:
How the FTC investigates...
Times are tough, and we all continue to hear about the heightened risk of the insider threat. Granted, unauthorized insider access to data has always been a concern. But the concern is increased now because of the tremendous changes that we are seeing in the economy.
Five financial institutions - four banks and one credit union - closed on Friday the 13th, an indication of continuing focus on the stability of the financial services industry.
The four banks were in Illinois, Nebraska, Florida and Oregon. The credit union was located in West Virginia. So far, 13 banks and two...
Information security companies reacted quickly to the news of the Heartland Payment Systems (HPY) breach. Here is a roundup of thoughts on the breach, recommendations on how to handle personal sensitive data, and what industry thought-leaders see emerging as a result of this breach:
Two Philadelphia law firms have filed class action suits on behalf of all cardholders in the U.S. who had their credit or debit card data stolen in the Heartland Payment System (HPY) data breach. This brings to three the total number of class action lawsuits filed against the Princeton, NJ-based payments processor.
The economy is down, phishing is up, and banking customers are increasingly targeted by multi-channel fraud schemes. Now, more than ever, customer awareness efforts are key for banking/security professionals.