Six banks were closed by state and federal regulators on Friday, Jan. 29. The largest of the institutions, First Regional Bank, Los Angeles, California, had $2.18 billion in assets under management.
These latest closings bring to 16 the total number of failed institutions so far in 2010.
The American Bankers Association is the latest group to be used by hackers to try and spread malware.
Other well-known names in the industry have been used as bait in phishing emails, including the FDIC, US Treasury, Internal Revenue Service and many financial institutions. The ABA issued an alert to its members.
The Payment Cards Center of the Federal Reserve Bank of Philadelphia has published "Heartland Payment Systems: Lessons Learned from a Data Breach," a discussion paper on the Heartland Payment Systems breach.
The paper is a summation of a workshop held in August 2009 at the Philadelphia FRB, where Heartland CEO Bob...
The latest report from the Anti Phishing Working Group paints a distressing picture for anyone doing transactions online, says Dave Jevans, Chairman of the APWG.
All phishing numbers are on the rise. The number of unique phishing reports submitted to APWG for the third quarter of 2009 reached a record 40,621 in...
Privacy, data security and consumer protection - three of the top concerns to organizations everywhere. And they are three of the topics nearest and dearest to Lydia Parnes, former director of the Federal Trade Commission's (FTC) Bureau of Consumer Protection.
Now a partner in the Washington, D.C. office of Wilson...
Word on the street is that ATM skimming is now the most profitable crime, say Houston, Texas police who arrested two men accused of putting a skimming device on a local bank's ATM.
Houston Police Lieutenant Robert Manzo says that John Pierre Griffin and an unidentified man were caught putting the device on an ATM...
Risk management today - it's less about pure technology, more about business acumen and pure communication skills.
This is the position of Kenneth Newman, VP & Information Security Manager at Central Pacific Bank. In an interview about top risk management trends, Newman discusses:
Scope of the risk management...
President Obama this past week made strong remarks to spur Congress and populist support toward banking regulatory reform.
But what's likely to happen? And when?
"There might be stronger regulatory reform than people thought six months ago," says Christie Sciacca, formerly with the Federal Deposit Insurance...
What's the cost of a data breach?
The Ponemon Institute is out with its 5th annual "Cost of a Data Breach" study, and in an exclusive interview Dr. Larry Ponemon discusses:
The current cost of a data breach - and how it's risen since 2009;
Data breach trends across industry;
What organizations should do to...
It has now been one year since the Heartland Payments System breach was made public. What lessons have been learned and what more needs to be done to improve the security of the payment industry?
We asked four information security experts for their take on Heartland: One year later.
I remember Jan. 20, 2009, as a date of historic significance. Not only did the country see the swearing in of the first African American U.S. President, but at the same time as the country's eyes were on Washington, D.C., there was another historic event happening.