It was nice of Tom Field and his team to let me be away for the last number of months as they held the fort and blogged on all sorts of matters from Bernie Madoff to FDIC issuing alerts regarding online fraud and BB&T's acquisition of Colonial Bank. It's even nicer to be back. Lots and lots of news on the technology...
No matter where I turn, I can't seem to avoid reading about the Heartland data breach that was announced about a week ago. I have read everything from the incident being compared to the tainted Tylenol case dating back to 1982 or the more 'recent' case of TJX breach and just about everything in between.
It's that time of the year when each one of us sits down and reflects on how the year that just past by went and develops our own lists of resolutions. Hopefully, there is some connection between these two - we decide on improving things that need to be improved. Looks like - based on this logic - we will have a long...
It seems like ages ago when I wrote about the credit markets being frozen and the major indices at stock markets around the world taking a nose-dive. It was actually last week. In terms of trading days, it was only two days ago. But something changed with the beginning of the new week.
Two nights ago, I dozed off on the recliner while watching the second Presidential debate on CNN. I am quite sure the debate had an exciting and educated exchange of ideas and philosophy on where our country needs to go next (by nature, I am an optimist), but the exhaustion from the day's events just couldn't keep me...
When I went to bed last night, Congressional leaders had just nailed down details of the $700 billion financial bailout.
As I left my house this morning, the President was addressing us about the plan and why we should embrace it.
By the time I got midway to work, Citigroup had acquired most of Wachovia's...
To say that the last couple of weeks have been busy for the people in the news business will be a gross understatement. It was only a week-and-a-half ago that I was talking about the Bloody Monday and its impact on the employees and customers. Well, it's Friday and the last evening the Office of Thrift Supervision...
It's Tuesday, and after the bloody Monday we just had, I thought I would work backwards and try to pick up some of the pieces from where we left off a couple of weeks ago.
Lehman Brothers, after being in the business for 158 years, is now to be referred to in the past tense. Yes, the biggest bankruptcy in history...
The indictments of 11 individuals by the Department of Justice last week brought the TJX case and the other high-profile compromises of a number of retailers back into the limelight. I personally know a significant number of banking institutions that were victims of this crime.
These criminal activities perpetrated...
It used to be a joke in the banking industry:
Question: How do you define a community bank?
Answer: When the CEO can walk out onto any street, be recognized and asked "What are you doing with my money?"
Suddenly, in the wake of recent bank closings, this old scenario leaps to mind, but now it's no joke....
So, is there anyone who hasn't heard about the lines outside IndyMac's offices this past week?
Since the previous weekend, the discussions over the barbecues and around the water-coolers have ranged from "How come we didn't see it coming?" to "Who's next?" and "How big is the FDIC's chest to take on these hits?" I...
The Section 501(B) of Gramm-Leach-Bliley Act clearly defines Board of Directors' responsibilities re: developing Information Security program for a financial services institution. It calls for significant board involvement in the creation and the oversight of the information security program.
Have you had this...
In the inner-circles of the banking sector, we hear often that the sector on the whole has to do more when it comes to information security - i.e., implementing controls for protecting the information they are entrusted with by their customers.
No doubt, the security controls from the 'green terminal' days are not...
There is a chance that I will be disowned by many friends in the banking sector after they read what I am about to say below. It's a risk, but it's kind of, sort of, maybe...worth taking it.
So, here it is - a question that has been on my mind since the very first time I saw my bank's name in the press, citing some...
Earlier this month, the Comptroller of the Currency issued a bulletin (OCC 2008-16) outlining the importance of application security in an institution's Information Security program. For the folks who have been in the banking industry and are responsible for information security at their institutions, there was...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.