The TJX Companies, Inc. (NYSE: TJX) may have agreed to pay more than $40 million in a recently-announced settlement with Visa, but the collateral damage might have been significantly worse had the case gone to trial and revealed details of the security/compliance conditions that allowed customer data to be breached....
'Tis the season - for an upsurge in phishing attacks.
Researchers at information security company Cyveillance saw more than a 300 percent jump in attacks on Thanksgiving Day. This one-day spike is a tactic used by criminals, who like to strike on holiday weekends, often targeting smaller businesses and credit...
A Florida man arrested after the data theft of millions of customer records has pled guilty in Federal court in Tampa. The Fidelity National Information Services/Certegy Check Services data theft case first broke in July. (Related story: Fidelity’s Data Theft Yet Another Signpost on Insider Threat) The senior...
Last month, Atlanta's Bond Community Federal Credit Union, sent out an unusual email alert: If you're going to be globetrotting any time soon, call us.
Facing unprecedented numbers of international fraud and ID theft reports, Bond is one of a growing number of community banks and credit unions engaging their...
Increasingly, community banks and credit unions are taking proactive steps to help their customers protect their money and identities while traveling overseas. Some basic tips to share with customers:
New survey report reveals FTP usage on the rise despite bad press, data security breaches and compliance penalties inherent in its use. Learn more now. Global businesses require the free-flowing movement of information�from sensitive customer data to logistical process information�to thrive. No one piece of...
The TJX Companies, Inc. (NYSE: TJX) and Visa have announced that TJX has agreed to fund up to $40.9 million for payments to certain financial institutions following the much-publicized data breach of its computer systems.
Privacy breaches can have devastating impact upon organizations if they do not respond to them well - and ensure that their third-party service providers are also adequately protected. Register for this webinar to learn:
Why there are more privacy breaches than ever before
How to plan for - and respond to - a...
MIKE D'AGOSTINO: Hi. This is Mike D'Agostino with Information Security Media Group, producers of BankInfoSecurity.com and CUInfoSecurity.com. We recently attended the BAI 2007 Retail Delivery Conference and Expo in Las Vegas, where the theme was "Customer Innovation in the Banking and Financial Services Industry."...
The cost of a data breach has gone up to nearly $200 per compromised customer record. And if your third-party service provider loses your customer data, the cost to you is even higher.
If your company transfers, transmits or processes credit card data you fall under the Payment Card Industry Data Security Standard (PCI DSS). However although the PCI DSS was developed to protect credit card data, it is fast becoming a security standard for all sensitive company data such as patient records,...
Bill Boni, Corporate Information Security Officer and Vice President, Motorola Corporation
Bill Boni shares lessons he has learned in his 30 year career in IT security and discusses how organizations should manage their IT security function in order to respond to emerging threats. He reviews:
• How...
Listen to Tom Field, editorial director of BankInfoSecurity.com and CUINfoSecurity.com, discuss our first annual State of Banking Information Security Survey in the Financial Services Industry. The survey will focus on topics such as:
Information Security Priorities & Roles
Strategies
Risk Assessment, Incident...
Last week’s announcement by NJ-based Commerce Bancorp that one of its employees may have released customer information (See story: Bank Warns of Identity Fraud Investigation)swings the security spotlight back to information security’s dirty little secret: the insider threat.
The latest fraud report from the RSA Anti-Fraud Command Center shows that, after a decrease in September, phishing attacks on credit unions jumped back to 40 percent of all financial institutions struck. (See RSA’s complete report: ...
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