To me, this is one of the sleeper stories of the year.
The ID Theft Red Flags Rule, Business Continuity and Anti-Money Laundering have dominated the headlines - and banking/security priorities. But recent attention paid to Application Security has the potential to fuel one major fire drill in 2009.
When I started this job a year ago and reached out to banking/security leaders, the overwhelming message I got was "Security awareness - we don't do it well."
For banking institution employees, maybe there was an information security training seminar when they first started. Or an occasional workshop on identity...
With an estimated damage toll that may reach $12 billion, the aftermath of hurricane Gustav's track through Mississippi, Louisiana and other states finds banks and credit unions cleaning up and reopening their institutions.
Now being the "prime time" for hurricanes, all eyes remain closely fixed to television...
Organizations often face the task of trying to recover data from water-soaked hard disks or servers that have been flooded by hurricanes, bad weather, or even the sprinklers going off in the branch or building.
Rule one -- don't assume that data isn't recoverable, no matter what it has been through, says Jim...
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,...
Resource allocation - the people, places and things - is one of the most overlooked aspects of Business Continuity planning.
In this exclusive interview, crime and information security expert Dana Turner offers insights on:
What resource allocation truly means for financial institutions;
Unique challenges...
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...
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.
A Wells Fargo bank access code was used to steal the personal information of roughly 5,000 consumers, leading the bank to conduct a full-scale inquiry into the data breach.
Wells Fargo says it was notified on July 1 by MicroBilt, an online consumer and commercial credit bureau information provider, that someone had...
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their customers and critical financial/informational...
To me, it was a given.
In the wake of recent news of IndyMac and other bank failures, it seemed safe to say that U.S. banking institutions were dealing with a bit of a crisis of confidence. I mean, I didn't imagine that line of anxious customers outside IndyMac, did I?
But then I got a recent note from a...
A former Countrywide Financial Corp. employee was arrested by the Federal Bureau of Investigation earlier this month in Los Angeles for stealing and selling sensitive personal information, including social security numbers on an estimated 2 million mortgage loan applicants from around the country for the last two...
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