Bank of America is well known for its mobile banking services. Currently, the institution has 750,000 mobile banking customers receiving services on 400 different kinds of devices.
But did you realize that one of the ways BoA secures its electronic offerings is by providing its customers with abuse reporting...
Interviews Shed Light on Topics of Unique Interest to Banking/Security Executives
The annual RSA Conference is a showplace for the who's who of security solutions vendors. The event showroom is lined with scores of the industry's leading vendors - no one individual could hope to see them all.
So, the Information...
Encryption is the method of encoding information using a password, in order to hide the real information from others. The technique is used for various tasks, including secure storage and transferring data between computers and wireless networks.
Debit card fraud is one of the most prevalent security threats against banking institutions and customers alike. In this interview, Daniel McIntyre, information security and business recovery analyst with Superior Bank of Birmingham, AL., shares his insight on:
The magnitude of the debit card threat;
Strategies...
If there's one single notion common to financial institutions of all sizes, it is confidence -the need to have shared trust with employees, partners and especially customers. Without this confidence, banking institutions cannot succeed.
And if there's one common theme emerging from the inaugural State of Banking...
Forensics has become a hot topic for a variety of internal factors, including the importance of the Internet to everyday business and, with it, the rise of electronic fraud.
Externally, financial institutions especially feel regulatory heat in the form of FFIEC GLBA Notification Rule, SEC/NASD Rule 3010 and even he...
Information Security Media Group recently attended the BAI Retail Delivery Conference 2007 in Las Vegas. Our correspondents covered the expo floor from a vendor point of view, and we spoke with a number of vendors who had products or services specific to information security. In general, the vendors that had some sort...
Private Data Vulnerable to Armies of Rogue PCs One hacker armed with one computer isn't going to make a dent in most financial institutions' network security perimeters. But imagine a faceless army of thousands of compromised PCs outside the walls of your institution. They are computer robots programmed to obey the...
RICHARD SWART: Hi. This is Richard Swart with Information Security Media Group, publishers of BankInfoSecurity.com and CUInfoSecurity.com. Today we’re speaking with Kenneth Newman. He joined the American Savings Bank as the Vice President of Security in March of 2005, and is responsible for managing their...
Two members of the PCI Standards Council who are database security experts say the way to prevent a TJX-type breach from happening at your institution is simple -- be compliant with the Payment Card Industry Data Security Standard.
Richard Swart: Hi. This is Richard Swart with Information Security & Media Group, publishers of BankInfoSecurity.com and CUInfoSecurity.com. Today we will be speaking with Mr. Nathan Johns. Nathan is an executive with Crowe Chizek and Company, LLC risk services delivery unit, with over 15 years experience in a...
Current Protection Practices May Put Information at RiskWhile financial institutions are doing a "better job" than other businesses grappling with the Payment Card Industry's Data Security Standards, there are still compliance questions that need closer examination, according to David Taylor, president and CEO of the...
The management of electronic data used to be a “nice thing to do.†Nowadays, the proper archiving, retention and monitoring, filtering and encryption of electronic data isn’t an option but imperative for financial institutions in order to meet compliance with regulations and federal law, including...
Employees play an integral role in protecting the assets of an institution, and as such, need to be adequately trained and made aware of the basic security practices which are frequently overlooked. A set-it and forget-it approach "we're protected because we have a firewall" to information security ignores end-users,...
Listen to National Credit Union Administration board member Gigi Hyland as she shares with the Information Security Media Group audience what’s important to the NCUA in regard to information security at credit unions. Hyland, a NCUA board member since 2005, explains why written information security policies are...
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