You know someone. Out of millions of Merrill Lynch customers, you should know at least one. Combine Bank of America's many more millions of banking customers, and you have to know someone. I know quite a few myself. All of these people are waiting to be absorbed into what is ultimately a new regime. This state of...
There were two crashes heard within the banking industry on Monday.
One was the stock market, which suffered its biggest drop since the aftermath of the terrorist attacks of 2001 - the Dow Jones industrial average alone lost 504 points, or 4.4%. The Nasdaq composite lost 3.6%.
But the second crash may have been...
Sahba Kazerooni is a senior security consultant with Security Compass, a security consulting and training firm specializing in application security based in New Jersey. He is also an internationally-renowned speaker on security topics, and has provided presentations at security conferences around the world, including...
With all the focus on banks and credit unions' work to comply with the ID Theft Red Flags Rule, many in the financial services industry have forgotten that the largest share of entities impacted by this new regulation are non-banking institutions -- finance companies, automobile dealers, mortgage brokers, etc.
And...
This is a transcript of a recent webinar, Insider Threats - Safeguarding Enterprise Information Assets, sponsored by Imprivata. This session discusses the need and importance for convergence of physical and logical access control. To highlight the significance, Imprivata showcases their revolutionary product,...
Everyone was watching the Olympics this past month and saw lots of records being broken. But there is one record no one want to be included in -- the record number of 449 data breaches that have happened (and been made public) and recorded by the Identity Theft Resource Center.
Unfortunately for some unlucky...
The Bank of New York Mellon (BNY Mellon) has announced that the data breach that occurred back in May is much bigger than the 4.5 million records originally announced. The bank now says that another 8 million customers were affected by the breach, bringing the total figure to 12.5 million, which may make it the...
GLBA who? Bank Secrecy what? Insider Threat?...is that something mob-related?
Your customers may not even know your institution is examined for security compliance by the banking regulatory agencies, and so most likely will have never even heard about the ID Theft Red Flags Rule and the impending November 1 ...
With four months to go in 2008, the number of data breaches on the Identity Theft Resource Center's (www.idtheftcenter.org) Breach List has already passed the 446 breaches reported by ITRC for all of 2007.
Last Friday, the number of data breaches hit 449. ITRC's founder Linda Foley cautiously says this milestone is...
Brian Dean is Senior Vice President in the Privacy Department at Ohio-based Key Bank with assets under management of approximately $102 billion. A privacy professional for over eight years, Dean has long worked with Key management to begin the convergence journey. He refined this vision as an adjunct professor at a...
With the Identity Theft Red Flags Rule compliance date creeping closer, we contacted several banking institutions from around the country for their insights on keeping an information security training program robust and interesting.
We all know that employee and customer awareness are a big part of Identity Theft Red Flags Rule compliance. But what exactly is missing from banking institutions' current awareness programs, which must meet the new standards by Nov. 1?
We recently caught up with representatives of banking regulatory agencies to...
It must have just ruined his "holiday" or vacation when Andy Hornby, the head of British bank HBOS got the call from his own fraud investigators last week that his personal bank account had been breached.
The HBOS plc Group, which encompasses The Halifax and Bank of Scotland, is the UK's largest mortgage and...
Maybe the Countrywide television ads that constantly run on cable news shows I watch on weekends will now tout, "Finance your mortgage with Countrywide, and have your identity stolen at the same time for mere pennies."
The recent arrest of a former Countrywide employee in the insider identity theft case, where an...
"Whitelisting" is a new twist on information security. Instead of trying to find a software solution that keeps all of the potential bad guys out of your systems, whitelisting allows you to establish a protection layer that grants access to only your finite list of good guys - individuals or applications.
In this...
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