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...
In a move to tighten down mortgage loan originators' credentials and stronger background checks, the federal financial institution regulatory agencies on Monday issued proposed rules that will require mortgage loan originators to meet registration requirements of the Secure and Fair Enforcement for Mortgage Licensing...
So, General Motors files for bankruptcy today. Whoever thought such an event would unfold in our lifetimes - that the U.S. leader in one of the top industries of the 20th century would sputter into the 21st and end up broken down beside the road, like a car whose owner neglected to heed the "Check engine" light?
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?
Individually, banking institutions, law enforcement agencies and regulatory boards understand the risks of money-laundering crimes.
But collectively, in active collaboration, they could do much more to prevent, detect and investigate these crimes, says AML expert Kevin Sullivan.
In an exclusive interview in...
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.
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...
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.