Page 9 - The Field Report

Governance & Risk Management

Banking Leaders: We Want to Hear From You re: Confidence

Tom Field • October 16, 2008

It's time to get real. As we tackle this wild economy, which has deflated the market, toppled institutions, written history ... it's time to hear from real people to gain real insights on the events that are reshaping reality for us all. Consider this my open call, then. Banking leaders: I'd like to speak to you...

Business Continuity Management / Disaster Recovery

The Economy: What One Bank is Doing About it

Tom Field • October 2, 2008

OK, you've heard enough from me of late about what banking institutions should say or do re: customer confidence and the crazy economic mess we're in. Well, here's what one bank actually did about it.

Business Continuity Management / Disaster Recovery

The Market is Vulnerable - and so is Your Institution

Tom Field • September 30, 2008

And so the hits just keep on coming. Just when you think you've seen the biggest bank failure in modern times in IndyMac, WaMu comes along and tops them all. Just when you think you've seen the blackest of Black Mondays in your lifetime, a darker day dawns, and the stock market reels from a record plunge of 777...

Business Continuity Management / Disaster Recovery

Beyond Wachovia and WaMu: Time to Get Back to Business

Tom Field • September 29, 2008

It's all anyone wants to talk about. In the wake of Washington Mutual's historic failure last week and the Wachovia takeover today, all anyone wants to discuss is the enormity of these events what they mean to the banking industry.

Business Continuity Management / Disaster Recovery

In the Wake of WaMu: What to Tell Your Customers After the Largest Bank Failure in History

Tom Field • September 26, 2008

This time the news was so big it couldn't even wait til Friday. Up to this point, as you know, whenever the FDIC has closed a bank this year, it's waited til after markets have closed for the week - let things settle over the weekend, and then the failed bank can reopen under its new flag on Monday. But...

3rd Party Risk Management

Application Security - the Vendor Management Connection

Tom Field • September 8, 2008

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.

Fraud Management & Cybercrime

Customer Confidence: Overblown or Understated?

Tom Field • August 18, 2008

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...

Multi-factor & Risk-based Authentication

Too-Easy Authentication?

Tom Field • August 4, 2008

At first, I thought my bank was pretty sharp. About a year ago, when I logged in to do some routine internet banking - check balances, transfer some funds - I was met by a new security page that wanted to better protect my assets.

3rd Party Risk Management

Identity Theft Red Flags Rule: A Chance to Take a Stand

Tom Field • July 29, 2008

I've told this story before about Michael Barrett, CISO of PayPal. When he joined the company, he asked how senior leaders were fighting the phishing problem. "Technically, we don't have a phishing problem," he was told.

Governance & Risk Management

'Confidence' is the Key Word in the Wake of Bank Closings

Tom Field • July 25, 2008

Want a fun exercise? Go to Google News and type in "banks, confidence" - see what results you get. These words are top-of-mind for all of us, of course, in the wake of the IndyMac Bank failure . Customer confidence is almost like the stock market - on a daily basis, we wonder whether it's up or down. Even...

3rd Party Risk Management

Time to Start Thinking About the State of Banking Information Security 2009

Tom Field • July 17, 2008

Talk about a harmonic convergence. Just as the major banking regulatory agencies went before the Senate committee recently to deliver their "State of the Banking Industry" addresses, I was sitting back and starting to think about drafting the questions for our next State of Banking Information Security survey....

3rd Party Risk Management

ID Theft Red Flags, Business Continuity, Vendor Management - Which is Your Biggest Regulatory Challenge?

Tom Field • July 10, 2008

Early this year, I caught up with Steve Katz, the dean of banking CSO's (see Stephen Katz on Top InfoSec Issues of 2008), and he had some interesting insights on the year's top challenges for banking institutions....

Governance & Risk Management

Which Comes First - the Banker or the Security Professional?

Tom Field • July 2, 2008

Say, you need to hire your next CISO. Do you hire a security executive who can learn banking, or a banking executive who can pick up the necessary security skills?

Fraud Management & Cybercrime

New Identity Theft Red Flags Rule Survey Sheds Light on Compliance Efforts

Tom Field • June 26, 2008

We've known for roughly six months now that the Identity Theft Red Flags Rule compliance deadline is Nov. 1, barely four months away. How close, then, are banking institutions to meeting that deadline? That is the question of the summer, and the answer will be found in the results of our new Identity Theft Red...

3rd Party Risk Management

Welcome to Our New Blogs!

Tom Field • June 25, 2008

Finally, it's your turn to have your say. Since first joining Information Security Media Group late last summer, one of my primary goals has been to debut a blog for BankInfoSecurity.com and CUinfoSecurity.com. Today, proudly, I'm able to announce the launch of not just one blog, but five - with more to come in...