At least one question has been answered.
With the election of Barack Obama as the next U.S. President, we know who our nation's leader will be for the next four years. And with Democrats picking up additional seats as the majority party in both the House and Senate, we have a sense that Obama is going to have some...
The National Credit Union Administration (NCUA) on Monday released its examination checklists for the Identity Theft Red Flags and Consumer Address discrepancies. The checklists were posted on the website.
In the letter to federal credit unions from Chairman Michael Fryzel he states that the new procedures are...
Microsoft Windows vulnerabilities are decreasing, but malware is increasing.
This is the news from the latest report of Microsoft's global view of the threat landscape from hundreds of millions of computers around the world.
The Microsoft Security Intelligence Report shows that the total amount of malware and...
As Americans lined up to vote on Tuesday, the European markets responded to expectations of an election day Wall Street bounce. Dow futures were up 183, about 2 percent, with investors clinging to the positive that the wait will soon be over to see who will become the 45th president of the United States.
On the...
With double-digit unemployment, central Michigan saw today's financial crisis long before much of the rest of the nation. And Dennis Angner has been front and center to see it.
Past chair of the Michigan Bankers Association, Angner is CEO if Isabella Bank Corp., a $1.5 billion community banking institution. In this...
Couple things I'd like to quickly bring to your attention.
First, have you checked out any of the new Bank Information Security Handbooks we introduced last week?
These electronic editions compile highlights of our content - articles, interviews, blog postings, agency alerts, etc. - in a unique format that gives...
November is here; let the examinations begin.
This past Saturday, Nov. 1, marked the compliance deadline for the Identity Theft Red Flags Rule. After nearly a year of waiting and preparation, financial institutions now are subject to examination by their regulators on their newly-enhanced ID theft prevention...
Freedom Bank of Bradenton, FL., was closed on Friday by state banking officials, thus becoming the 17th U.S. bank to fail so far this year.
Freedom Bank's deposits were assumed by Fifth Third Bank after the Federal Deposit Insurance Corp. (FDIC) was named receiver. The bank had total assets of $287 million and...
An Insider's Guide to Banking Agencies' Examination Guidelines
The Identity Theft Red Flags Rule compliance deadline was Nov. 1. All banking institutions now must prepare for their first examinations on this important new regulation. Register for this webinar to learn from a senior Information security, compliance...
The federal government's plan to help up to 3 million homeowners facing foreclosure is still pending, as the world's stock markets slid in early trading Friday. Asian and European markets were trading down despite the announcement by Japan's central bank that it was cutting its prime interest rate from .05 percent...
Hard to believe that November 1 is already upon us, bringing the onset of the Identity Theft Red Flags Rule compliance. We've been reading about and discussing it for so long that it almost seemed as if though it would always remain six months away, but even a watched regulation eventually transitions into effect. ...
Asian and European markets rose Thursday after the U.S. Federal Reserve slashed interest rates to 1 percent, helping resuscitate the U.S. economy. The U.S. also announced it was opening new credit lines with other central banks, including New Zealand's central bank.
The Federal Reserve's half-point interest rate...
The Federal Reserve's expected interest rate cut pushed the U.S. stock market on Tuesday, with the Dow Jones Industrial Average surging 889 points. Wednesday's Asian and European markets traded higher on anticipation of the news, while U.S. futures trading pointed to a hesitant investor base anxiously awaiting the...
As institutions look at their calendars and see that November 1 compliance deadline looming, it's time to realize that this isn't just another regulation. The ID Theft Red Flags Rule is about stopping identity theft from happening to your customers.
When I hear information security professionals say they're...
With investors waiting anxiously to see if the Federal Reserve will cut its rates to below 1 percent, the world's stock markets surged in volatile reaction to that possibility.
The last time rates were at 1 percent was between June 2003 and June 2004.
Asian markets climbed on the news, with Hong Kong up 14 percent...
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