Four banks were closed by state and federal regulators on Friday, Feb. 19. The largest of the failed institutions was La Jolla Bank, a Pasadena, CA.-based bank with $3.6 billion in assets.
There have now been 21 failed banks and credit unions so far in 2010.
Spring is the season for the phishers to come and try to take advantage of to the unsuspecting public in the form of official-looking emails talking of tax refunds, as well as claims that the government has money waiting for them.
What's one of the biggest threats to Florida banking institutions? Regulatory reform, according to Alex Sanchez, head of the Florida Bankers Association.
"We're easy targets," says Sanchez, who fears Main Street institutions will take it on the chin from legislators for economic mistakes made by Wall Street and...
ATM attacks are among the most prevalent forms of fraud striking banking institutions and their customers. And while institutions are ever more vigilant at defending against these increasingly sophisticated crimes, the best defense might still be the simplest: Customer education.
Here are six consumer tips to help...
The International Biometric Performance Conference entitled Performance, Evaluation and Specification of Biometric Technologies will bring together biometric users, technology providers, integrators and evaluators.
Dena Haritos Tsamitis has an ambitious goal for the year: to improve cyber awareness among 10 million people globally.
The Director of Education, Training and Outreach at Carnegie Mellon University's CyLab, Dena discusses:
The cyber awareness challenge among people of all ages;
Effective techniques for...
Should software developers be held liable for their programming errors? A consortium of international cybersecurity experts says yes - and will present its plan for such a program on Tuesday. But at least one dissenting voice calls the effort "counterproductive and silly."
Beware suspicious money entering the U.S. via politically exposed persons (PEPs). And be mindful of non-banking entities that are involved in illegal activities outside of current anti-money laundering (AML) regulations.
This is the advice from AML expert Kevin Sullivan, who offers insights on the newest...
What are the top fraud trends facing financial institutions in 2010?
Gartner's Avivah Litan shares her insights in an exclusive interview with Information Security Media Group's Linda McGlasson, discussing:
Increased number of attacks on strong authentication;
How to handle ACH fraud;
The biggest security...
Forrester's annual Customer Advocacy ranking grades about 50 financial services firms in the U.S. by the percentage of each firm's customers who agree with the statement "My financial provider does what's best for me, not just its own bottom line."