Five banks were closed by state and federal regulators on Friday, Jan. 22. The largest of the failed institutions was Charter Bank, a $1.2 billion bank based in Santa Fe, NM.
President Obama this past week made strong remarks to spur Congress and populist support toward banking regulatory reform.
But what's likely to happen? And when?
"There might be stronger regulatory reform than people thought six months ago," says Christie Sciacca, formerly with the Federal Deposit Insurance...
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...
It has now been one year since the Heartland Payments System breach was made public. What lessons have been learned and what more needs to be done to improve the security of the payment industry?
We asked four information security experts for their take on Heartland: One year later.
"We need government to modernize the laws, adapt them to the cloud and adopt new measures to protect privacy and promote security" Microsoft general counsel Brad Smith says.
I remember Jan. 20, 2009, as a date of historic significance. Not only did the country see the swearing in of the first African American U.S. President, but at the same time as the country's eyes were on Washington, D.C., there was another historic event happening.
At least two banking institutions have posted messages on their websites, alerting members to be wary of a bogus application distributed on mobile phone platforms.
Lincoln National Corp., a financial services company based in Radnor, PA disclosed a security vulnerability that may have leaked personal data of 1.2 million customers.
Interview with Lydia Parnes, Former Director of the FTC's Bureau of Consumer Protection
Privacy, data security and consumer protection - three of the top concerns to organizations everywhere. And they are three of the topics nearest and dearest to Lydia Parnes, former director of the Federal Trade Commission's...
Three banks were closed by state and federal regulators on Friday, Jan. 15. These closures raise the year's tally of failed institutions to five: four banks and one credit union.
A former bank employee and her husband were arrested in Connecticut on Tuesday and charged with bank fraud and money laundering in a $6.2 million fraud case.
It is time to address the issue of protecting our identity and thanks to the federal government's implementation of PIV smart card credentials; we have a proven technology in place that could be leveraged for a much broader audience.
A Long Island, NY bank announced this week that more than 8,300 of its online banking customers had their log-in credentials stolen in a data breach that occurred last November.
The call to aid the devastated country of Haiti came just hours after a 7.0 earthquake hit the impoverished Caribbean island on Tuesday.
Just as quickly as the tweets came in asking for donations, so too came the cyber criminals looking to divert funds from legitimate charities to their own pockets.
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