An unencrypted backup tape is missing from the Bank of New York Mellon, potentially exposing information on 4.5 million customers of that bank and of People's United Bank of Bridgeport, CT.
The missing tape contains social security numbers and bank account information on 4.5 million customers - including several...
As financial institutions continue to migrate their services and operations online, the Office of the Comptroller of the Currency reminds national banks and their technology service providers about the importance of application security as a component of an information security program.
A new OCC bulletin...
New Hampshire customers of TD BankNorth were notified earlier this week that their Visa debit or credit cards have been compromised, and the likeliest culprit is the recent Hannaford Brothers Supermarkets security breach.
"We became aware during the last few days that there was some fraudulent activity on some of...
Phishing, vishing, whaling - there are a growing number of electronic social engineering threats to unsuspecting consumers and their identities. Financial institutions and their customers increasingly are targets of these attacks. But they're also fighting back.
Listen to this interview to hear:
What are the...
Let's cut to the chase: PCI compliance for retailers, banks and service providers is hard.
Michael Gavin, security strategist at Security Innovation, a PCI QSA and ASV assessment firm, offers his insights on PCI compliance struggles, i.e. the Hannaford breach, and the reality that there is no absolute security. A...
The Federal Bureau of Investigation (FBI) released a comprehensive new report on mortgage fraud that doesn't paint a pretty picture of what's happening in the housing market.
The facts stare out from the page - mortgage fraud is on the rise. The agency has no central way to track the total extent of mortgage fraud,...
Interview with David Jevans, Director, Anti-Phishing Working Group
Phishing, vishing, whaling - there are a growing number of electronic social engineering threats to unsuspecting consumers and their identities. Financial institutions and their customers increasingly are targets of these attacks. But they're also...
Imagine the scenario: Your institution has a customer who does all of his banking online -- bill pay, transfers, account balances. This customer calls after seeing an unauthorized transaction. After tracing the account transfers, which were wired overseas, you find the customer's computer loaded with crimeware. Your...
It's not always easy to decide to stop doing business with a person or entity. In fact, it might be a decision that many bankers aren't willing to face. However, when an institution sees a growing amount of fraud losses on a customer's online banking account due to their negligence,
In case you missed it - because it wasn't a huge headline anywhere - here's a bit of news about First Pryority Bank, a 108-year-old community bank based in Pryor, OK.
Well, first a bit of background. First Pryority was founded in 1900 by W.A. Graham,
Just over two years ago, Brian Huntley arrived at Camden National Bank in Maine, charged with responding to regulatory guidance and transforming the bank's information security risk assessment program from one that was threat-based to one that is now asset-based.
Here's the situation: You have to hire a new CISO for your financial institution. Which is better: to hire a banker who can be trained in information security, or to hire an information security professional who can be trained in banking?
We posed this question to a group of industry experts and professionals,...
Diana Kelley, partner at Security Curve, an information security advisory company that performs PCI audits shares her insights into the PCI issues facing both financial institutions and retailers.
Kelley, a former information security analyst at Burton Group, was previously an information security advisor at top...
Philip Alexander, Information Security Officer at a Major US Financial Institution
Data leakage - it's one of subtle insider threats to information security at financial institutions. It's tough for leaders to know exactly where their critical data resides - never mind how it's being treated when it leaves the...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.asia, you agree to our use of cookies.
