Activity at the State Level Points Toward a Federal Data Breach Notification Law
Data privacy legislation -- the trend started in California and is being discussed heatedly in Massachusetts today. Data breach notification and privacy laws have now been enacted in 40 separate states, and government observers think...
Insights on the Obama Administration's Early Efforts to Strengthen Financial Services
And so it begins. With Treasury Secretary Geithner's appearance before Congress, requesting greater authority over non-banking institutions, the Obama Administration is starting to flex its muscles in preparation for a complete...
The financial markets responded positively to Treasury Secretary Timothy Geithner's newly-announced plan to buy up bad bank assets and ease the credit crunch. And so does industry expert Peter Vinella, global head of consulting for LECG's financial services sector, who likens it to a "financial Marshall Plan" for...
Treasury Secretary Timothy Geithner has now outlined the Obama Administration's plan - this time with specificity -- to buy up bad bank assets and ease the credit crunch. But what's it mean to individual financial institutions?
In an exclusive interview, John Jay of Aite Group discusses:
First reactions to...
In financial services -- and particularly in light of the current economic crisis -- there is no more valuable asset than trust. And one of today's biggest threats to that trust is a brand attack, which leverages your company's reputation in criminal ways. This eCrime may be accomplished in a number of ways including...
Interview With Dick Langford, VP, BB&T
What happens after a major security breach such as the Heartland Payment Systems hack? How do banking institutions go about notifying their customers - whose responsibility is it?
At BB&T in Winston-Salem, NC, the role is filled by Dick Langford, Vice President and Manager,...
The Heartland Payment Systems data breach is on everyone's mind, and the case is in the hands now of the Federal Trade Commission (FTC) if it chooses to investigate. While the FTC will neither confirm nor deny a Heartland investigation, staff attorney Alain Sheer does offer his insight on:
How the FTC investigates...
Scores of banking institutions have stepped forward and said they and their customers have been impacted by the Heartland Payment Systems data breach. But what can and should they do to understand and respond to the breach?
In an exclusive interview, Doug Johnson of the American Bankers Association...
On Tues., Feb. 10, Treasury Secretary Timothy Geithner unveiled the Obama Administration's new strategy for easing the credit crunch and strengthening the U.S. banking industry. In an exclusive interview, Nancy Atkinson, senior analyst at Aite Group LLC, discusses:
How the new plan differs from the Bush...
What does the Obama Administration's financial industry rescue plan offer that's different from the Bush Administration's approach? Not much, says William Isaac, former FDIC Chair (1981-85).
In an exclusive interview, Isaac discusses:
What the new plan means to the banking industry;
The types of reform the...
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
The Heartland Payment Systems data breach - it's the first major security incident of 2009. But how big is it really? What are the key takeaways for banking institutions left explaining this breach to their customers?
In an exclusive interview, James Van Dyke, Founder and President of Javelin Strategy & Research,...
With competition at an all time high, a remarkable 41 percent of institutions are looking to offer new services - like Internet and mobile banking - to weather this tumultuous economy. But the industry is simultaneously battling a significant decline in consumer confidence.
So how can institutions nurture...
Check fraud. Crimes against children and the elderly. These are among the current faces of Identity Theft, and experts expect to see even more of these opportunistic crimes in 2009.
To help prevent these crimes - and to help banking institutions to protect their customers - Linda Foley, founder of the Identity...
Interview with Dwayne Melancon, VP of Corporate and Business Development, Tripwire
Regulatory compliance - it's the priority that never goes away for banking institutions. And in today's economy, it's the lynchpin of the safety and soundness that customers need to see to retain confidence.
In this exclusive...
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