The Centers for Disease Control (CDC) says the number of people infected with the H1N1 influenza virus in the U.S. has declined in most areas of the country and may be the sign that infections from the new H1N1 strain may have leveled off.
The fraud fight is getting nastier by the minute, say experts familiar with the new schemes - and some old ones with new wrinkles -- being perpetrated by criminals against financial institutions and their customers. Here are 13 of the most prevalent ruses.
On Thursday, the Office of Thrift Supervision (OTS) closed troubled Florida lender BankUnited F.S.B., and a new chartered federal savings bank acquired the failed bank's operations. The new bank, BankUnited, FSB, has reopened today. It is the largest bank to fail thus far in 2009.
Steve Katz was the world's first CISO, and he has unique insight on the information security profession - how it's developed and where it's headed.
In an exclusive interview, Katz discusses:
How the information security role has evolved;
Which trends are changing the role;
The skillsets necessary for today's...
Congress passed credit card legislation that will make sweeping changes in the market, with limits on sudden hikes in interest rates that drive consumers deeper into debt. Even cardholders who pay off their balance each month may face new annual fees or lose out on rewards programs.
According to the 2009 Banking Information Security Today survey, banking institutions - despite the economy - are investing in new banking services, i.e. mobile banking and remote capture.
To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:
A federal judicial panel will hear arguments next week on whether to consolidate the class action lawsuits brought against Heartland Payment Systems (HPY) by financial institutions. The Judicial Panel on Multidistrict Litigation in Louisville, KY will hear the arguments next Wednesday, according to Benjamin Johns, one...
The Senate voted on Tuesday to approve passage of a tough credit card bill that will curtail fees and interest rates hikes. The bill passed in a 90-5 vote. This will make it tougher for credit card issuers to raise fees and interest rates beginning as early as next year.
For thousands of years, people have attempted to hide sensitive information from competitors or enemies.
Since January, critics of the Heartland Payment Systems data breach have called out for tougher encryption standards for financial institutions and their third-party service providers. Applications for...
Hard times have taken a toll everywhere - even when it comes to internal audit practices at financial institutions.
Yet, in the wake of security breaches and questionable business practices at some financial institutions, federal regulators are cracking down on auditors. In an exclusive interview, Holly Kidder, a...
OK, so today's the day.
After two months of anxious anticipation, today is May 19, the deadline Visa set for financial institutions to file fraud claims related to the Heartland Payment Systems (HPY) data breach.