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.
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."...
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:
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
Risk Assessment, Incident...
Last weekâ€™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 securityâ€™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 RSAâ€™s complete report: ...
Mark Seward, CISSP and Director Product Marketing with Qualys, Inc., discusses GLBA compliance as it relates to vulnerability management at financial institutions. Insights include:
â€¢ Key GLBA compliance issues facing financial institutions;
â€¢ Examples of vulnerability management specific to...
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...
You already know that by this time next year, your financial institution will need to have a written identity theft prevention program. But have you considered that part of that program should include what your institution is doing to increase identity theft awareness among your customers?
Some customers of the New Jersey-based Commerce Bancorp have received notification from the bank that their identities may be compromised. The bank announced on Tuesday that an employee may have given out confidential customer information.
Swart: Doing well. Iâ€™d like to start by talking about consumer issues, and Iâ€™d like to know, what is the FTC hearing from consumers about the ID theft problem? Is anything getting better?
Broder: Well, we still receive a fair flow of victim complaints about identity theft. In any given week, we...
Every year the Anti-Money Laundering/Bank Security Act (AML/BSA) Examination Manual undergoes revisions. This year's revisions expand the discussion on providing banking services to money services businesses (MSBs).
Now reality sinks in.
With last week's long-awaited release of the federal ID Theft Red Flag rules, financial institutions nationwide are starting to figure out "What next?"
Many executives are still absorbing the information. Others are actively working on adding the new requirements to their compliance efforts.
The new Identity Theft Red Flag regulations announced last week are intended to make life tougher for criminals, but they are also expected to seriously complicate compliance efforts, according to financial industry experts.