The U.S. reliance on the magnetic stripe is having global consequences. European countries that have made the shift EMV say they are suffering from higher-than-ever incidents of ATM skimming because of the lingering mag stripe.
At the recent Bank Security Conference in Miami, Latin American banking leaders gathered to send a resounding message: Fraud is a global banking threat that requires global solutions.
"There is no scary part in the process when it's all well thought out and planned," says George Tumas, SVP and CIO of internet services development at Wells Fargo.
Real stories about real information security challenges - and in real, conversational English. These are the qualities of Michael Seese's books, Scrappy Information Security and Scrappy Business Contingency Planning.
There are new dynamics shaping privacy and the privacy profession today, and ultimately there are new skills demanded from professionals to successfully embrace the future.
The story of Nazreen Mohammed shows a new level of over-the-top insider fraud and that sometimes good judgment is thrown away when a mother wants to help her son.
Robert Siciliano, a McAfee security consultant and founder of IDTheftSecurity.com, says socially engineered scams that are SMS/text-based will create big headaches for banks and credit unions in the near future.
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