Heartland Payment Systems, Radisson Hotels and Network Solutions have made the big headlines so far this year. But other data threats are out there, says Chris Novak of Verizon Business Investigative Response Team.
The Federal Deposit Insurance Corporation's board of directors has voted for a proposal requiring banks to prepay about $45 billion in assessments through 2012.
Meeting on Tuesday morning, the board adopted a Notice of Proposed Rulemaking (NPR) that would require insured institutions to prepay their estimated...
The next version of the Payment Card Industry Data Security Standard (PCI DSS), due out some time in 2010, may include guidelines for the use of virtualization technology to protect card data.
This was the prediction of some industry leaders meeting at the Payment Card Industry's Security Standards Council...
One bank and one credit union fell victim to the economy this past week.
On Friday, federal and state regulators closed Georgian Bank, Atlanta, Georgia. And on Thursday, the Keys Federal Credit Union of Key West, FL. was placed under conservatorship.
Emerging technologies are the hottest topics of discussion within the PCI Security Standards Council community meeting in Las Vegas this week.
The question, says David Taylor, founder of the PCI Knowledge Base, a PCI research firm, is 'How will PCI's security standards council embrace end-to-end encryption,...
The Federal Deposit Insurance Corporation (FDIC) recently established an Advisory Committee on Community Banking. One of its 14 committee members is Charles Brown, chairman and CEO of Insignia Bank in Sarasota, FL.
In an exclusive interview, Brown discusses:
The perspective he'll bring to the FDIC...
Credit and debit cards are everywhere. I use mine daily, and I suspect many functioning adults in the U.S. and beyond do as well. For me, convenience is a major factor in their use - instead of carrying around wads of cash, I can carry a single piece of plastic and use it to accomplish the same goal -- buy things. ...
It's been an interesting year for the Payment Card Industry Data Security Standard.
In the middle of it all is a debate among payment card companies, banking institutions, merchants, industry groups and even congressional leaders, questioning the merit of the standard and all hinting at the same open question: What...
What's the information security, privacy and risk management repercussions of net neutrality? Perhaps, something significant; most likely, not much at all.
Who could forget September 2008? With the failure of Lehman Brothers and the takeover of Merrill Lynch by Bank of America in one weekend, and then the subsequent failure of Washington Mutual -- the largest bank failure in history -- last September was a seismic month in the banking industry.
But from that turmoil...
Two related banks in Kentucky and Indiana were closed by federal and state regulators on Friday, Sept. 18.
Irwin Union Bank, F.S.B., Louisville, Kentucky, and Irwin Union Bank and Trust Company, Columbus, Indiana - both subsidiaries of Irwin Financial Corporation, Columbus, Indiana - were shut down.
The landscape of hackers is filled with stories from those whose job is to hunt them down. SANS forensics instructor, Rob Lee, also a senior forensics consultant at the IT security consultancy Mandiant shares three "villain" examples of the types of attacks being seen in the field by the company's forensic...
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