Doug Brown Discusses Mobile Strategy, New Products, Biometric Security
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution...
Verizon Business investigated 90 major data breaches in 2008, including 285 million compromised records. Nearly Â¾ of those breaches were external hacks, and 99.9 percent of the records were compromised via servers and applications.
These are among the findings of Verizon's new 2009 Data Breach Investigations...
Bank fraud has evolved over the last several years, but some classic variations keep financial institutions busy.
Here are six old fraud tricks that are back with new twists to bedevil fraud departments and information security professionals.
Manhattan District Attorney Robert Morgenthau announced this week that his office has indicted 18 people from New York City for operating a bank fraud and identity theft scheme. The scheme resulted in the cashing of more than 1,000 counterfeit checks at several large banks.
It's "tweet" time! Information Security Media Group (ISMG) has just registered with Twitter.com to start providing regular updates to audience members who also are enjoying the tweet life.
OK, so I know some of you out there are still kinda dying to know, but don't dare to ask - what is Twitter?
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.
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...
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.
MasterCard will use a cryptographic countermeasure technology in its smart credit cards to protect them from being tampered with or read by hackers. Cryptography Research, Inc. and MasterCard Worldwide announced that they have signed an agreement relating to Cryptography Research's patent portfolio covering...
The Heartland Payment Systems (HPY) data breach has already cost the card processor millions in fines from Visa and MasterCard.
This news was revealed by CEO Bob Carr in Heartland's recent earnings call, wherein Carr said the much-publicized breach has already cost the company $12.5 million.
The federal judge who heard the collective civil claims filed against the Hannaford Bros. supermarket chain issued his opinion on the 21 claims on Tuesday in Portland, ME. All but one of the 21 civil claims filed against the supermarket giant for alleged failure to protect consumers during the company's network breach...
The announcement by Heartland Payment Systems (HPY) that it will offer its merchants end-to-end encryption capabilities is seen as a positive step by industry experts. Yet, these same experts also warn that this measure will not solve all of the security issues that Heartland and other payment processors face from...
Heartland Payment Systems (HPY) has made it back onto Visa's list of PCI DSS Validated Service Providers. The announcement comes almost six weeks after the credit card payment processor was taken off the list and four months since it announced its networks had been breached and credit card information stolen.