The Obama financial regulatory reform plan includes a new watchdog agency to protect consumers from deceptive or dangerous mortgages, credit cards, and other risky financial products. It can't come at a better time.
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution has faced;
Advice for other institutions now getting into mobile banking.
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
Mobile...
Doug Brown Discusses Mobile Strategy, New Products, Biometric Security
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution...
So, General Motors files for bankruptcy today. Whoever thought such an event would unfold in our lifetimes - that the U.S. leader in one of the top industries of the 20th century would sputter into the 21st and end up broken down beside the road, like a car whose owner neglected to heed the "Check engine" light?
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
Mobile...
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'd like to think we saved the best for last.
This past Friday, as the annual RSA Conference concluded, I presented the results of our annual Banking Information Security Today survey to a surprisingly packed house of banking/security leaders, regulators, consultants and vendors.
The first federal CTO thinks the new federal CTO also could serve as the federal cybersecurity czar.
Norm Lorentz served as the federal chief technology officer in 2002 and 2003, working within the White House Office of Management and Budget. In that job, Lorentz focused on developing the federal IT enterprise...
She did a Geithner.
In making her first public appearance since delivering her long-awaited cybersecurity review to President Obama last week, Melissa Hathaway took to the stage at the RSA Conference in San Francisco on Wednesday. And she did exactly what Treasury Secretary Timothy Geithner was criticized for when...
Among the layoffs, companies downsizing, slashing budgets and falling stock prices, there is one area of the economy that appears to be flourishing - crime via the Internet.
The Internet Crime Compliant Center (IC3) says that reports of Internet-based crime jumped 33 percent in 2008, according to the group that...
OK, so here's a reaction I never expected.
We've talked a lot about the banking crisis over the past year - the differences between Wall Street and Main Street, and how all financial institutions are impacted in one way or another by fallout from the industry's "3 B's," Bailouts, Bernie and Bonuses.
This is something that used to really get me going as an information security practitioner. Someone would forward me (and everyone else they knew) an email that had the most dire of warnings - "EMAIL VIRUS WILL WIPE YOUR HARD DRIVE - Do not open !!!"
TJX, Hannaford, Heartland Payment Systems. We know the names of the most infamous data breaches, but what have they really cost financial institutions? And what types of fraud should institutions look out for in the months ahead?
Perimeter eSecurity recently conducted a study of financial institution data breaches....
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