As U.S. citizens scramble to get their financial affairs in order before the April 15th federal tax return deadline, fraudsters are readying to take full advantage with scams of all shapes and sizes.
To help taxpayers muddle unscathed through this season's onslaught, the Internal Revenue Service (IRS) just issued...
Of all the emotions stirred by last week's scandalous resignation of New York Gov. Eliot Spitzer ( Anti-Money Laundering Reports Help Take Down NY Governor), the hottest words exchanged in the banking community are over the Suspicious Activity Reports (SARs) that tipped off investigators to the ex-governor's alleged...
A hard-hitting report aimed at pushing banks for greater disclosure caused a buzz in the industry as it zipped around the country's banking centers in the last couple of weeks.
The revelations were headline-worthy: Previously-private consumer complaint forms from the Federal Trade Commission -- requested by privacy...
It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history.
We recently spoke with Linda Najim and Jason Gaswirth of Diamond...
With the heightened demands of regulatory compliance and e-discovery, managed message security and archiving is a huge challenge for financial institutions. Read this interview for expert advice from Lee Rothman, Sales Engineer at MessageLabs Inc., on archiving, including:
Today's top challenges;
How other...
It's never easy arising from security or technology to become a business leader in a financial institution. In this exclusive interview, Paul Perini - who came to security from the business side - offers practical insight on:
The qualities an information security leader needs to possess in order to be a successful...
The insider threat is at the forefront of financial institution concerns these days, and a huge part of mitigating that threat is improving identity and access management. Read this interview for insights from Subhash Tantry, CEO of Fox Technologies, on:
Five principles of an effective access control management...
It might have been scandal that did in the Governor of New York, but it was Suspicious Activity Reports (SARs) that sparked the investigation leading to his resignation.
This was the story-behind-the-story this week in New York, where Gov. Eliot Spitzer resigned after revelations that he is under investigation for...
Howard Sprow, vice president of Business Continuity Planning for the Securities Industry and Financial Markets Association (SIFMA) is a long-time leader in emergency management issues in the financial services industry. Recently we interviewed him on SIFMA's work in business continuity and pandemic planning.
When it comes to pandemic preparation at U.S. financial institutions, it's a case of good news/bad news.
Bad news first: Many midsized and smaller financial institutions are not fully compliant with the recent FFIEC pandemic guidance and don't have formalized pandemic preparedness plans yet in place.
But the good...
Roberta J. Witty, CISSP and research vice president at Gartner, has more than 30 years of experience in information technology, including positions at major financial institutions. Witty recently chaired Gartner's Business Continuity Management summit held in early March. We caught up with her, and she shared her...
The hurricanes that devastated the Gulf Coast regions in the summer and fall of 2005 are nothing new to most people. The personal tragedies, loss of life and property were well documented by the national media.
But what about the story of one financial institution that weathered the storms and emerged intact - its...
Debit card fraud is one of the most prevalent security threats against banking institutions and customers alike. In this interview, Daniel McIntyre, information security and business recovery analyst with Superior Bank of Birmingham, AL., shares his insight on:
The magnitude of the debit card threat;
Strategies...
Wireless Internet access can offer convenience and mobility. But there are steps you should take to protect your wireless network and the computers on it.
Internet auction sites give buyers a "virtual" flea market with new and used merchandise from around the world; they give sellers a global storefront from which to market their goods. But the online auction business can be risky business. Among the thousands of consumer fraud complaints the Federal Trade Commission...
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