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So your financial institution has met the compliance guidance to provide stronger authentication for customer data and transactions. Now what? That is only the tip of the iceberg in deploying a long-term security...
This guide focuses on GLBA's digital security requirements as it pertains to network security audits and vulnerability management. GLBA's security regulations are in place to assure the confidentiality and privacy of financial information electronically collected, maintained, used, or transmitted – especially when...
The FDIC’s Information Technology Risk Management Program (IT-RMP), used by FDIC examiners in the examination process of financial institutions, will be looking more closely at the way financial institutions choose, oversee, and document their technology service providers and how those technology service...
In 2006, the Federal Financial Institutions Examination Council (FFIEC) issued a revised version of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The manual has been updated to incorporate regulatory changes since the manual was first released in 2005 and to clarify supervisory expectations....
The alert from OCC about a 419 scam appearing to come from the US House of Representatives’ Financial Services Committee isn’t something new -- this type of scam is just a new twist to something that has been around for many years.
As long as there are people who believe they can get something from...
Comptroller of the Currency John Dugan told an audience of bank risk managers earlier this week because their goals are so closely aligned to those of the regulators, the regulations and guidance issued by the agencies can support them in meeting their institutions’ objectives.
Dugan said regulators can...
The Office of Thrift Supervision (OTS) issued guidance this week on gift cards offered by OTS-regulated thrift institutions. The guidance assists institutions in ensuring adequate account administration, marketing, and sound consumer disclosure practices for gift card programs.
The guidance encourages more uniform...
Unless you’ve been on extended vacation since last year, you know it's coming - the change to Daylight Savings Time (DST). The changes required in financial institutions’ computer networks and software in the timing of the beginning (and end) of Daylight Savings Time has been viewed as mostly a thankless...
Authors of a proof of concept paper called "Drive By Pharming" say that by viewing a malicious web page users can set off changes in a broadband router or wireless access point, making the computer connected to it susceptible to attack.
The paper, authored by researchers Zulfikar Ramzan, from Symantec, and Markus...
The small bank market depends on its leading vendors for its latest technologies, including remote capture, and fraud and security applications, according to a report completed last month. In the new report, Evaluating the Vendors of Small Banks' Core Banking Systems, Aite Group evaluated and compared the small-bank...
The Office of the Comptroller of Currency (OCC) issued a bulletin on February 21 about the changes in Daylight Savings Time. All financial institutions should be aware that Daylight Savings Time begins earlier and ends later this year. The OCC bulletin reminds institutions and their technology service providers of the...
Prior to joining the American Bankers Association, Doug spent ten years as Assistant Director of the Florida Division of banking where he oversaw the supervision and regulation of Florida’s domestic and international banking industry. During that time, Doug served as an advisor to the US Congressional Office...
The largest banking association’s senior policy advisor gave his insights into what financial institutions really need during a 35-minute podcast with BankInfoSecurity.com.
Doug Johnson serves as the American Bankers Association’s Senior Policy Advisor for Government Relations, where he is involved in...
Catherine Allen is CEO of BITS, a financial service industry consortium made up of 100 of the largest financial institutions in the US. She is a noted innovator and visionary in the financial services industry. Named as one of 16 unsung heroes and rising stars by Fast Company Magazine, she led BITS from a fledgling...
Information Security Media Group recently attended the RSA Conference 2007, the premier information security conference representing more than 200 comprehensive educational sessions and close to 400 of the top vendors in the infosec industry. The following audio is a selection of recordings taken on the expo floor...
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