Word on the street is that ATM skimming is now the most profitable crime, say Houston, Texas police who arrested two men accused of putting a skimming device on a local bank's ATM.
Houston Police Lieutenant Robert Manzo says that John Pierre Griffin and an unidentified man were caught putting the device on an ATM...
Risk management today - it's less about pure technology, more about business acumen and pure communication skills.
This is the position of Kenneth Newman, VP & Information Security Manager at Central Pacific Bank. In an interview about top risk management trends, Newman discusses:
Scope of the risk management...
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.
Ghosts of Crimes Past and Present Will Haunt the Future of Banking Institutions and Customers
"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 hit from every angle with...
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.
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.
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