More than 75 percent of bank webites in a recent survey have at least one design flaw that could make customers vulnerable to cyber thieves.
This according to a new University of Michigan study of online banking.
These design flaws stem from the flow and the layout of the websites, according to the study. Led...
It could be the draft of an important document that sits on the desktop of an employee's computer, or it could be the excel spreadsheet with sensitive information that an employee took home to work on, then copied onto their home PC. Documents such as these are hiding out in a financial institution as "unstructured...
Eighty-seven percent of major data breaches could have been avoided through reasonable security measures.
This is the conclusion of a new report from Verizon Business Security Solutions, analyzing 500 forensic investigations of data breaches. Financial institutions made up 14 percent of all companies included in...
With the decrease in the total number of viruses, some have theorized that the need for virus protection is becoming less and less necessary. Protecting systems such as servers and workstations is nothing new. In fact, using anti-virus software was the first method enlisted to stop malicious code from infecting and...
When a Dallas, TX bank needed some help to stop unauthorized data, it pulled out the biggest guns it could locate to stop the data leaking out of its networks.
The choice was a natural progression of what the bank was already doing to stop data loss, according to Omni American Bank's Chief Information Officer Tony...
There was one thing that always bugged Steve Jones when he thought about customer data protection at his credit union - email via the Internet.
Email is so ubiquitous -- essential to communications both within the institution and with the outside world, including customers. But it's also fraught with security...
Information Security Media Group recently attended the Gartner IT Security Summit 2008 in Washington, D.C. where the theme of the conference was information security 5-10 years from now. We interviewed vendors on the floor of the expo hall and heard about solutions focusing on topics ranging from application security...
Understanding the trends and patterns of the past is the key to understanding the future, and security is no exception. The following security threat trends for 2008 have been assembled as a result of their frequency during security audits performed last year. These common and fundamental security issues typically...
Data security breaches add millions of dollars to bottom line expenses, but there is also the immeasurable cost of security breaches on your brand that affect future revenue and growth. Virtually every financial institution today exchanges large amounts of information both inside and outside the organization....
Philip Alexander, Information Security Officer at a Major US Financial Institution
Data leakage - it's one of subtle insider threats to information security at financial institutions. It's tough for leaders to know exactly where their critical data resides - never mind how it's being treated when it leaves the...
Data loss prevention (DLP) is a challenge for institutions of all sizes. But not all banking/security leaders understand the scope of the threat, where it originates and how best to eradicate it. In this interview, DLP expert Jared Thorkelson discusses:
What's most misunderstood about DLP;
The greatest sources of...
Interview with DLP Expert Jared Thorkelson
Data loss prevention (DLP) is a challenge for institutions of all sizes. But not all banking/security leaders understand the scope of the threat, where it originates and how best to eradicate it. In this interview, DLP expert Jared Thorkelson discusses:
What's most...
Continuous member service is an important deliverable for credit unions, and is probably the most obvious sign to members that a credit union has its priorities set appropriately. While data recovery has always been important, there are trends in the industry today that put your data recovery strategy in the...
The hackers that broke into Hannaford Brothers, a northeast U.S. grocery chain, may have spawned other attacks, including one at Okemo Resorts in Ludlow VT. As law enforcement and forensic experts continue to sift through the evidence of these attacks, the retailer and the ski resort remain mum on further...
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