Listen to Tom Field, editorial director of BankInfoSecurity.com and CUINfoSecurity.com, discuss our first annual State of Banking Information Security Survey in the Financial Services Industry. The survey will focus on topics such as:
Information Security Priorities & Roles
Strategies
Risk Assessment, Incident...
Last week’s announcement by NJ-based Commerce Bancorp that one of its employees may have released customer information (See story: Bank Warns of Identity Fraud Investigation)swings the security spotlight back to information security’s dirty little secret: the insider threat.
The latest fraud report from the RSA Anti-Fraud Command Center shows that, after a decrease in September, phishing attacks on credit unions jumped back to 40 percent of all financial institutions struck. (See RSA’s complete report: ...
Mark Seward, CISSP and Director Product Marketing with Qualys, Inc., discusses GLBA compliance as it relates to vulnerability management at financial institutions. Insights include:
• Key GLBA compliance issues facing financial institutions;
• Examples of vulnerability management specific to...
Information Security Media Group recently attended the BAI Retail Delivery Conference 2007 in Las Vegas. Our correspondents covered the expo floor from a vendor point of view, and we spoke with a number of vendors who had products or services specific to information security. In general, the vendors that had some sort...
You already know that by this time next year, your financial institution will need to have a written identity theft prevention program. But have you considered that part of that program should include what your institution is doing to increase identity theft awareness among your customers?
Swart: Doing well. I’d like to start by talking about consumer issues, and I’d like to know, what is the FTC hearing from consumers about the ID theft problem? Is anything getting better?
Broder: Well, we still receive a fair flow of victim complaints about identity theft. In any given week, we...
The Internet has become a strategic customer acquisition and services distribution channel for financial services companies. Consumers are able to apply and obtain credit online, transfer funds, trade commodities and pay bills by simply clicking a few buttons from anywhere at any time. Unfortunately, in the online...
Now reality sinks in.
With last week's long-awaited release of the federal ID Theft Red Flag rules, financial institutions nationwide are starting to figure out "What next?"
Many executives are still absorbing the information. Others are actively working on adding the new requirements to their compliance efforts.
The new Identity Theft Red Flag regulations announced last week are intended to make life tougher for criminals, but they are also expected to seriously complicate compliance efforts, according to financial industry experts.
By this time next year, all U.S. financial institutions will be required to have implemented an Identity Theft Prevention Program.
This is the mandate from Washington, D.C., where six federal agencies this week issued the Final Rules on Identity Theft Red Flags and Notices of Address Discrepancy. These final rules...
Since January 2005, over 167 million credit card numbers have been exposed due to security breaches. Many of the most damaging breaches were the result of hackers exploiting flaws in software. With the PCI Security Standard Council's regulations recently expanding to include specific mandates to assess software for...
Betsy Broder offers practical advice for financial institutions on best practices to protect their customer information, and explains the federal government's efforts to address ID theft. She also addresses possible legislation that could affect a financial institution's data security and identity theft prevention...
Private Data Vulnerable to Armies of Rogue PCs One hacker armed with one computer isn't going to make a dent in most financial institutions' network security perimeters. But imagine a faceless army of thousands of compromised PCs outside the walls of your institution. They are computer robots programmed to obey the...
Six Tips to Keep the Bots at BayFighting bots can seem like an unending battle. But there are some actions you can take to lower your risk. Among the steps:
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