Wells Fargo & Co. may have committed an inadvertent data breach when it responded to subpoenas requesting financial information about some of its customers. What happened, and who is impacted?
As U.S. banking institutions work to conform with the FFIEC Authentication Guidance, are they now doing better jobs of detecting and preventing incidents of ACH and wire fraud?
The recent death of North Korean leader Kim Jong II creates political unrest and raises new concerns about money-laundering and sanctioned goods. Here are the red flags for financial institutions to monitor.
Outrageous Facebook behavior by a contractor at a California hospital offers an eye-opening reminder about the need for a zero-tolerance policy when it comes to privacy violations.
Financial institutions still have a long way to go to fight fraud and mitigate online banking vulnerabilities. But what exactly are the top vulnerabilities, and what can institutions do about them?
Save Mart, the Modesto, Calif.-based grocery chain, now confirms that skimming devices are to blame for the data breach believed to have exposed hundreds of consumer accounts to debit and credit card fraud.
As we close out one year and begin another, we look back at IT security lessons that emerged over the past 12 months. Here are five that should resonate in the coming year.
"Banks and businesses have to realize: It's not a matter of 'if' when it comes to these attacks," says Barry Rich, CFO of Tennessee's CapitalMark Bank & Trust. "it's just a matter of when."
ACH/Wire fraud was the big story in 2010 and helped influence the updated FFIEC Authentication Guidance. So, have incidents of corporate account takeover decreased in 2011, or are we just hearing less about them?
A new survey finds that only 56% of U.S. banking institutions have conducted risk assessments, but 87% have deployed layered security controls. Are banks ready to conform with the FFIEC Authentication Guidance?
In an exclusive interview about the findings of this new survey, Austin discusses:
Banking...
In their efforts to enforce security layers and multifactor authentication, are banks and credit unions still missing a core problem - the real vulnerabilities fraudsters are banking on?
When Liberty Bank began reviewing online risks to conform with the FFIEC Authentication Guidance, layered security came up as a weak spot. So how did this community institution address its risks?
According to court records, Sabrina Matache and her co-conspirators collected PINs with hidden pinhole cameras installed near compromised ATMs at People's United Bank branches in Connecticut.
Regulators push tougher cybersecurity measures. But the challenge for smaller organizations isn't compliance - it's budgets. Wendy Nather of 451 Research defines the 'Security Poverty Line' and what to do about it.
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