Is 2009 the Year of the Insider Threat?
Last August's arrest of a Countrywide employee in California illustrates the potential impact of a single insider with access to sensitive information. The FBI charged the former employee with taking 2 million names and personal information from the mortgage bank and selling...
Heartland Payment Systems (HPY) may be the only "new" data breach, after all.
A week after at least two banking institutions and a state banking association reported a new data breach that had been announced to them by Visa, the credit card company now is saying that its recent alerts to card issuers were actually...
A consortium of federal agencies and private organizations has just released the first version of the Consensus Audit Guidelines (CAG), which defines the most critical cyber security controls to protect government agencies and critical infrastructure industries, including financial services.
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.
By the latest count, the number of institutions that have informed their card customers and members that they were hit as a result of the Heartland Payment Systems (HPY) data breach has swelled to more than 678.
Heartland, the sixth-largest payments processor in the U.S., announced on Jan. 20 that its processing...
Last week a small credit union in Maine thought it had seen the last of the Heartland Payment Systems data breach that had affected 261 of its members' credit cards. Officials now report they weren't as lucky as they thought. The number of compromised cards now has tripled, and the fraud reported may top $70,000.
The fraud against 16 credit cards of CU Community Credit Union members over one weekend last November puzzled the credit union's staff. The Springfield, MO-based credit union discovered nearly $11,000 in fraudulent charges against those cards.
At the time, the credit union didn't know what the fraud was related to,...
More than two dozen new institutions have come forward and informed their customers that their credit or debit cards were among those compromised in the Heartland Payment Systems(HPY) breach.
Heartland, the sixth-largest payments processor in the U.S., announced on Jan. 20 that its processing systems were breached...
This is a copy of a letter sent by the Bank of Fayetteville, Fayetteville, AR to a debit card customer on January 22. The bank sent the letter to inform the customer that the debit card may have been among those that were compromised as a result of confirmed unauthorized access to Heartland Payment Systems.
The news of the Heartland Payment Systems (HPY) data breach gives new meaning to an annual study of what such a breach truly costs a business.
The average cost of a data breach was $202 per compromised record in 2008, according to the Ponemon Institute's Cost of Data Breach study. This represents a 2.3 percent...
Three more U.S. banks failed in the first month of 2009. The MagnetBank of Salt Lake City, UT; Suburban Federal Savings Bank, Crofton, MD; and Ocala National Bank, Ocala, FL were closed on Friday, Jan. 30, by banking regulators.
All three banks were turned over to the Federal Deposit Insurance Corp. and placed into...
Exactly one week after the Heartland Payment Systems (HPY) breach was first announced to the public, the first lawsuit has been filed against the payments processor.
The class action lawsuit filed Tuesday by Chimicles & Tilellis LLP of Haverford, PA in the U.S. District Court for the District of New Jersey on...
Exactly how big was the Heartland data breach?
This is the great unanswered question since last week, when Heartland Payment Systems (HPY), a Princeton, NJ-based credit card processor, revealed that its computer systems had been breached, and an unknown number of credit card account numbers were exposed to...
Federal banking regulators have just released new risk management guidance on remote deposit capture. This FFIEC guidance is to be used by examiners, financial institutions and technology service providers to identify risks, evaluate controls and assess risk management practices related to remote deposit capture (RDC)...
As banking regulators emphasize the necessity of application security, a broad-based consortium now sheds new light on the most common vulnerabilities.
Experts from more than 30 U.S. and international cyber security organizations, including the National Security Agency and the Department of Homeland Security's...
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