Eighty-seven percent of major data breaches could have been avoided through reasonable security measures.
This is the conclusion of a new report from Verizon Business Security Solutions, analyzing 500 forensic investigations of data breaches. Financial institutions made up 14 percent of all companies included in...
Keeping abreast of what's going on in the regulatory compliance domain is something I need to do. It's sort of the life-blood of my career these days, as I spend most of my time either managing or executing audit and assessment activities predicated upon the various regs. Beyond wanting to be certain that my clients...
When a Dallas, TX bank needed some help to stop unauthorized data, it pulled out the biggest guns it could locate to stop the data leaking out of its networks.
The choice was a natural progression of what the bank was already doing to stop data loss, according to Omni American Bank's Chief Information Officer Tony...
We've known for roughly six months now that the Identity Theft Red Flags Rule compliance deadline is Nov. 1, barely four months away. How close, then, are banking institutions to meeting that deadline?
That is the question of the summer, and the answer will be found in the results of our new Identity Theft Red...
Credit and debit card fraud: It's the threat that keeps growing and evolving.
A year ago, many banks and credit unions were forced to cancel and reissue thousands of cards as a result of the TJX breach. More recently, banks located in Indiana saw accounts breached from ATM or debit card transactions. Indiana law...
Information Security Media Group recently attended the Gartner IT Security Summit 2008 in Washington, D.C. where the theme of the conference was information security 5-10 years from now. We interviewed vendors on the floor of the expo hall and heard about solutions focusing on topics ranging from application security...
Workplace violence - it's one of the most common but least understood risks to all organizations.
From robberies gone awry to bullies in the workplace to domestic anger spilling over from home, the financial institution is rife for violent situations. In this interview, Kim Matlon, COO of R&A Crisis Management...
The hackers that broke into Hannaford Brothers, a northeast U.S. grocery chain, may have spawned other attacks, including one at Okemo Resorts in Ludlow VT. As law enforcement and forensic experts continue to sift through the evidence of these attacks, the retailer and the ski resort remain mum on further...
From Second Life to former NY Gov. Eliot Spitzer, anti-money laundering has dominated the news in 2008. To gain new insights in the latest trends, threats and solutions, we interviewed veteran AML investigator Kevin Sullivan on:
What's new in BSA compliance;
How AML has evolved over the past decade;
What's most...
Ken Rijock is a former banking attorney at an international law firm. He's also a former money launderer.
He spent the 1980s as a money launderer and advisor to drug traffickers, until he was arrested and served a U.S. federal prison sentence for racketeering and money laundering. While serving his sentence, he...
Bank of America is well known for its mobile banking services. Currently, the institution has 750,000 mobile banking customers receiving services on 400 different kinds of devices.
But did you realize that one of the ways BoA secures its electronic offerings is by providing its customers with abuse reporting...
Interviews Shed Light on Topics of Unique Interest to Banking/Security Executives
The annual RSA Conference is a showplace for the who's who of security solutions vendors. The event showroom is lined with scores of the industry's leading vendors - no one individual could hope to see them all.
So, the Information...
It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history.
We recently spoke with Linda Najim and Jason Gaswirth of Diamond...
The insider threat is at the forefront of financial institution concerns these days, and a huge part of mitigating that threat is improving identity and access management. Read this interview for insights from Subhash Tantry, CEO of Fox Technologies, on:
Five principles of an effective access control management...
The insider threat is at the forefront of financial institution concerns these days, and a huge part of mitigating that threat is improving identity and access management. Listen to this interview to hear Subhash Tantry, CEO of Fox Technologies, on:
Five principles of an effective access control management...
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