So, did anyone read about the President's Cybersecurity Action Plan? I'm assuming you've read through all 10 points. You didn't stop to ponder after the first few did you? I mean, you didn't happen to stop after number 8? The one about the incident response plan?
The Comptroller of the Currency says that reverse mortgages pose significant compliance risks, and regulators should get proactive on this issue before real problems develop.
John Dugan warned bankers that reverse mortgages pose significant compliance risks and said regulators should get out in front of this issue...
A Congressional panel appointed to oversee the US bailout warns bank stress tests are not enough. The federal regulators' tests of 19 major banks to see if they could survive a further downturn in the economy may be too lenient and should be repeated, says the Congressional Oversight Panel for the government's $700...
Identity and Access Management (IAM) - it's a challenge for banking institutions of all sizes. And with institutions continually merging, acquiring and establishing new partnerships, the IAM challenge is only growing.
In an exclusive interview, Jay Arya, 1st VP of Information Security at Investors Savings Bank,...
A former bank teller in Massachusetts has been charged with fraud and aggravated identity theft in a $270,000 fraud scheme. The FBI investigation led to a 25-year-old who worked as a bank teller at a Bank of America branch in Peabody, MA.
The Heartland Payment Systems (HPY) data breach may be the fraud story of year (so far), but ATM and debit card thefts are growing steadily and frighteningly at financial institutions.
Here are the top ATM/debit card fraud trends
An Illinois bank, Bank of Lincolnwood, was the 37th bank to fail thus far in 2009 when it was closed last Friday by the Illinois Department of Financial and Professional Regulation, Division of Banking.
Steve Katz was the world's first CISO, and he has unique insight on the information security profession - how it's developed and where it's headed.
In an exclusive interview, Katz discusses:
How the information security role has evolved;
Which trends are changing the role;
The skillsets necessary for today's...
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...
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...
Driving home every day along the New Jersey highways, I often see the signs offering "Save Your Home from Foreclosure" with a toll free number to call for more information.
It is the sign of the times. Foreclosure rescue scams are on the rise, along with mortgage fraud.
For thousands of years, people have attempted to hide sensitive information from competitors or enemies.
Since January, critics of the Heartland Payment Systems data breach have called out for tougher encryption standards for financial institutions and their third-party service providers. Applications for...
Federal Reserve Chairman Ben Bernanke says large domestic budget deficits will hurt financial stability, and the federal government can't continue indefinitely to borrow at the current rate to finance the shortfall.
Vendor management was one of the hot regulatory topics going into 2009, and it's only gotten hotter as the year has unfolded.
James Christiansen, a longtime financial services/security leader and currently CEO of Evantix, discusses:
Vendor management trends at financial institutions;
How the Heartland breach...