Hard to believe that November 1 is already upon us, bringing the onset of the Identity Theft Red Flags Rule compliance. We've been reading about and discussing it for so long that it almost seemed as if though it would always remain six months away, but even a watched regulation eventually transitions into effect. ...
As institutions look at their calendars and see that November 1 compliance deadline looming, it's time to realize that this isn't just another regulation. The ID Theft Red Flags Rule is about stopping identity theft from happening to your customers.
When I hear information security professionals say they're...
It's time to comply.
Nov. 1 is here, and financial institutions throughout the U.S. are still scrambling to meet their Identity Theft Red Flags Rule compliance deadline.
For the past year, we've done what we can to guide your efforts with articles, interviews, research, webinars and white papers. You can see the...
It's time to comply.
Nov. 1 is here, and financial institutions throughout the U.S. are still scrambling to meet their Identity Theft Red Flags Rule compliance deadline.
For the past year, we've done what we can to guide your efforts with articles, interviews, research, webinars and white papers. You can see the...
Nov. 1 is but days away, yet only one-third of all financial institutions will be ready to meet the ID Theft Red Flags Rule compliance deadline, according to one industry estimate.
Many institutions already believe they are compliant because they implemented ID theft-prevention measures from previous regulations,...
The Federal Trade Commission (FTC) announced this week it will suspend enforcement of the new Identity Theft Red Flags Rule until May 1, 2009 - six months beyond the original Nov. 1 deadline.
This move will give non-banking creditors and state-chartered credit unions additional time to develop and implement written...
The crime of deception is now even more deceptive.
Multi-channel fraud - schemes that are launched simultaneously via telephone, Internet, in person and via mail - is a growing concern for financial institutions. And the linked crimes aren't always easy to spot.
In this exclusive interview, security expert Diana...
I just have to chuckle sometimes when I read headlines like the one that appeared recently - 'Dark Market' Takedown: Exclusive Cyber Club for Crooks Exposed.
It seems that the FBI is getting pretty clever at "blending" into the cyber criminal world. A tip of the hat goes to Shawn Henry, the FBI Cyber Division...
The World Bank, an internationally-supported institution that provides loans to developing countries, is reported to have suffered a network intrusion that one insider labeled "an unprecedented crisis."
The breach, first reported by Fox News, alleges that servers in the Washington, D.C.-based bank's treasury unit...
OK, with less than two weeks to go, banking regulatory agencies are getting busy. Busier, I should say.
Last week saw both the OCC and FDIC release their approaches to the Identity Theft Red Flags Rule examination procedures.
No huge surprises here. But what's interesting is when you review the somewhat...
Online fraud is a crime that's ever-growing and whose face is ever-changing. And yet banking institutions are levering new strategies and solutions to face the threat.
In this exclusive interview, Steve Neville, Director of Identity Solutions at Entrust, discusses:
Current fraud trends and how they impact banking...
With barely two weeks to go before the Identity Theft Red Flags Rule compliance deadline of Nov. 1, the Federal Deposit Insurance Corporation (FDIC) on Thursday released its examination procedures for the new regulation.
The procedures, which were hammered out and agreed upon by an interagency committee, cover all...
Interview With Dan Clements, President of Card Cops
We all know the bad guys are getting smarter, more organized and better fortified. But so are the good guys.
In this exclusive interview, Dan Clements, President of Card Cops (www.cardcops.com), a data security company, discusses how his group helps...
In conjunction with the recent Identity Theft Red Flags Rule Roundtable webinar, we conducted an interview session with Evelyn Royer of Purdue Employees Federal Credit Union and Steven Jones of Synovus Financial Corp. Topics ranged from:
How has your institution tackled ID Theft red Flags Rule compliance?
What...
It's officially the 11th hour.
The deadline for compliance with the Identity Theft Red Flags Rule is less than one month away, and financial institutions are scrambling to meet it.
Yet, a new study from Tower Group, the financial services research firm, predicts that less than one-third of institutions will be...
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