Years ago, when I learned to drive and got my first cars, my approach to automobile maintenance was: If the "Check Engine" light came on, keep driving. Whatever the problem is, I'll drive out of it.
I see a disturbingly similar pattern now in the banking industry.
Sitting here on the cusp of the Labor Day weekend, and I'm thinking ahead to what I believe will be the big stories - of interest to us in banking/security, at least -- in the final quarter of 2009. Here, in no special order, are my top three...
TJX. Hannaford. Heartland. Those are the names we all know, the famous fraud stories we all can recite by heart.
But who knows about Unique Industrial Product Co., a Sugar Land, Tex.-based company that lost $1.2 million to fraudsters this last April?
Robberies, ATM heists, insider thefts - there are so many risks to employees, customers, funds and electronic data, and they're only heightened by economic conditions. Desperate times, desperate people. This is why we focus on physical security this month - to underscore how critical it is to a banking...
This one was almost predictable.
We were just days away from Aug. 1, the date after which the Federal Trade Commission (FTC) would start enforcing compliance with the Identity Theft Red Flags Rule.
Then came the announcement from the FTC that it's going to extend the deadline. Again.
Looking for summer reading?
Just finished a new book, "Late Edition," by one of my favorite writers, Bob Greene. This is a touching, often funny memoir of Greene's days as a newspaper rookie in Columbus, Ohio in the 1960s.
To be filed under the category of "One small step, one giant leap ..."
It's just come to my attention that when President Obama revealed his administration's cybersecurity policy at the end of May, the document's introduction featured a prominent reference to an article published on our sites in February of this...