Hard times have taken a toll everywhere - even when it comes to internal audit practices at financial institutions.
Yet, in the wake of security breaches and questionable business practices at some financial institutions, federal regulators are cracking down on auditors. In an exclusive interview, Holly Kidder, a...
It's "tweet" time! Information Security Media Group (ISMG) has just registered with Twitter.com to start providing regular updates to audience members who also are enjoying the tweet life.
OK, so I know some of you out there are still kinda dying to know, but don't dare to ask - what is Twitter?
Hard times have taken a toll everywhere - even when it comes to internal audit practices at financial institutions.
Yet, in the wake of security breaches and questionable business practices at some financial institutions, federal regulators are cracking down on auditors. In an exclusive interview, Holly Kidder, a...
OK, back home and back in the office fulltime after a couple of weeks on the road to California for the RSA Conference and a bit of R&R. Some observations as I clear my desk ...
I certainly wasn't around during the Spanish Flu pandemic of 1918-1919 - I vaguely remember the 1968 Asian Flu pandemic as a small child - but some of my relatives recall that health catastrophe of 88 years ago.
My 95-year-old great uncle remembers the 1919 school year as being abbreviated, cut short as a second...
Federal financial regulators are lacking in their ability to assess large, complex institutions' risk management systems. This is the key finding of a new report by the Government Accountability Office (GAO).
GAO's analysis points to inadequate risk management institutions as one of the causes of global financial...
So, today's the day.
When Bernard Madoff appears in court this morning, presumably to plead guilty to at least a portion of the fraud he committed in his $50 billion Ponzi scheme, the world will be watching.
Most of us deal with the ubiquitous spreadsheet at least once a day in our daily work. Whether it is creating or updating reports for senior management or keeping track of equipment inventories - or the hundreds of other uses for spreadsheets - financial institutions depend on these workhorses to retain and create...
The Heartland Payment Systems data breach is on everyone's mind, and the case is in the hands now of the Federal Trade Commission (FTC) if it chooses to investigate. While the FTC will neither confirm nor deny a Heartland investigation, staff attorney Alain Sheer does offer his insight on:
How the FTC investigates...
Spring time in Washington D.C. used to be marked by the pink and white splashes of color of the cherry trees that line the Potomac and the Tidal basin.
Now I suspect this spring (or possibly even sooner) we're going to see some color of a different kind in D.C. - the color red.
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.
The fallout is still coming from the Heartland Payment Systems (HPY) data breach, and banks and credit unions are still dealing with the aftermath. At today's count there are more than 124 banks and credit unions affected by the breach, the number of cards affected topping 250,000.
The big question is: If your...
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...
When it comes to regulatory compliance and its intended purpose, I'm a believer. I genuinely believe that if a bank or credit union implements and supports all required controls essential to achieving compliance, they're the better for it, and their account holders can sleep better at night. What you might've missed...
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