I was thinking after my last few Heartland-centric posts that I should probably get back to covering the basics of our practice and re-focus on all things regulatory. So I started skimming through my notes from recently completed fieldwork looking for ideas. The last few engagements happened to be with Credit Union...
The numbers are staggering as we try to get a handle on exactly how many institutions, cards and customers have been affected by the Heartland breach.
One single institution's report of the number of cards compromised by the Heartland Payment Systems (HPY) data breach - 10,000.
We're barely out of January, and already this year has revealed itself as one to remember. Between the worsening conditions within the banking sector, the Heartland breach and a very noticeable shift in the regulatory climate, we're already hard pressed to pick this year's "Story of the Year." And somehow I suspect...
Phishing, malware and the Nigerian 404 scam. These are among the top 2009 agenda items for the M&I Corporation in Wisconsin - not just to fight the threats, but to make customers more aware of them.
Customer awareness is a huge priority for Wisconsin's largest bank, says Scott Coghill, CISM, Vice President,...
Last week the NCUA announced the formation of the National Examination Team (NET) to "enhance the supervisory process in areas where economic conditions have adversely impacted federally insured credit unions." Or as I like to think of this move, the FDIC sneezes, and NCUA catches a cold.
Stupid robbery attempts are always funny, but when they happen in your backyard, well, they're even funnier.
A few weeks back, near my home in New Hampshire, a would-be robber held up a local Citizens Bank branch, and he attempted to get away with an undisclosed amount of cash.
Regulatory compliance is the backbone of a financial institution's information security program. But compliance alone isn't enough, says John Pironti of ISACA's Education Board, who advises institutions to take a risk-based, not a "checklist-based" approach to security.
Getting people on the phone this time of year can be quite a challenge. Between getting ready for the holidays, celebrating the holidays and trying to wrap up everything outstanding before year end there's simply a shortage of available time. And so as we work on building out the project schedule for the first...
Say the words $50 billion. Sort of rolls off your tongue. I'd be really upset if my family, firm or investment company had invested money with Bernard Madoff's alleged Ponzi scheme. It is shaping up to be one of the biggest investment frauds ever.
At a time when risks are high and consumer confidence is low, corporate boards of directors aren't paying nearly enough attention to information security and cyber threats.
This is the key takeaway from a new, which shows that there is a "gaping hole as wide as the Grand Canyon" in board and senior executive...
The market fluctuates, budgets shift, staffing resources change. But regulatory mandates? They stay the same.
Despite the economic downturn and its broad effects, banking institutions continue to be held to - and measure up to - exacting standards from regulatory agencies. In this exclusive interview, David...
Interview with Dwayne Melancon, VP of Corporate and Business Development, Tripwire
Regulatory compliance - it's the priority that never goes away for banking institutions. And in today's economy, it's the lynchpin of the safety and soundness that customers need to see to retain confidence.
In this exclusive...
Red flags, vendor management, business continuity and disaster recovery. If banking/security leaders thought that 2008 was a challenging year for keeping up with regulatory mandates, the old rock and roll song's lyrics say it best: "You ain't seen nothing yet."
Based on expert insight, the following 10 regulatory...
I'm excited about the news we're announcing today re: opening access to all of the articles on our site.
With more people able to view our stories w/o first having to register or log in, that will enable more opportunities for folks to comment on our stories, which then fuels one of my favorite parts of this job:...
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