The release of the President's Identity Theft Task Force report on April 23 with its 31 recommendations has implications for financial institutions.
While the report also focuses on increased law enforcement crackdowns on identity theft and the prosecution of the criminals who perpetrate this crime, the need for...
The best offense is a good defense, is the adage. For financial institutions part of the defense to protect your customers from becoming victims of identity theft is educating them.
When identity theft occurs, 9 times out of 10 the source of where the person’s identity was taken is never fully found. Trust and money are the two things financial institutions have as their products. Once a customer loses trust in your institution’s ability to protect their personal financial...
When it comes to compliance with the FDIC’s recent Supervisory Letter on Identity Theft, financial institutions need to “beef up†their consumer education programs, along with looking more closely at their existing risk assessment programs to mitigate current and potential areas of vulnerabilities.
Identity theft can strike anyone. Unfortunately, even BankInfoSecurity.com’s staff have been past victims of identity theft. Luckily, the two stories have been resolved. Read on to hear first-hand, the pain of identity theft, and what lengths victims have to take to resolve the crime and restore their identity....
On the heels of a recently released supervisory letter from the FDIC on Identity Theft comes the strategic plan from the President’s Identity Task Force, released on April 23. Less than 190 pages are contained in the main and supplemental report, but the plans are clearly drawn and tasks for each industry are...
As an active job seeker you may post your resume in several job boards providing personal contact information including your social security number and more... speak with innumerable recruiters discussing potential job opportunities revealing more information about yourself. Chances are you don't give this everyday...
The revelation by TJX Companies, owner of T.J. Maxx and other retail brands, that at least 45.7 million credit and debit cards were compromised over several years highlights anew the risks associated with processing card transactions and the need to protect the information they contain.
For those financial institutions that have been putting off the education of their customers, it’s now time to sit up, take notice, and begin to take action. The FDIC’s issuance of a supervisory policy on identity theft on Wednesday means that all banks and financial institutions will be expected to take a...
In this webinar, you will be privy to the following topics of discussion:
Describe malware, crimeware intrusions and how they relate to phishing;
Overview of current attacks and help to anticipate likely trends;
Describe different ways clients are attacked, understanding of proactive defenses;
Describe...
Overview:
• Latest news on the crimeware and phishing fronts
• Why average users can’t always sniff out those phishy emails
• Other cybercrime that financial institutions should be worried about
• Strong authentication - is it helping? What needs to be done further
> Listen to...
Financial institutions need to realize cyber criminals who target internet users with phishing attempts aren’t going away anytime soon, says information security expert Aaron Emigh. “They’re moving away from the purely deception based attacks (simple emails in your inbox with links that the...
LINDA MCGLASSON: Are we in information security becoming too complacent? I mean, we have a lot of zero-day threats, hundred thousand node botnet sending us virus threats and all things like that, and those of us in information security, you know, look at the situation and think that this is normal operation...
The alert from OCC about a 419 scam appearing to come from the US House of Representatives’ Financial Services Committee isn’t something new -- this type of scam is just a new twist to something that has been around for many years.
As long as there are people who believe they can get something from...
A recently released survey from Gartner shows the rate of identity theft is rising -- more than 50 percent over previous years.
What is interesting for financial institutions, they are not the first target. “As it showed in the report, the attacks are moving away from banks to fake lotteries and sweepstake...
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