Howard Schmidt, a recognized information security thought leader, offers exclusive insights as new president of the Information Security Forum.
Schmidt, a household name in information security circles since his days as CISO and information security leader at Microsoft and eBay, discusses the global war against...
In the wake of recent economic news, banking/security leaders everywhere are asking "What should I tell my customers about my own bank's safety and soundness?"
Here are three tips for your consideration.
1) Reinforce that Your Institution is Safe & Sound -- Community banks traditionally have had a unique, close...
A quick update on economic events since Monday morning ...
After the $700 billion bailout bill didn't pass in the House, the blame game began with finger-pointing and political posturing from both parties. Without much room to maneuver, the Senate will attempt to salvage the $700 billion financial-rescue package...
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...
It used to be the mantra - "Bigger is Better" was the one thing that made sense when it came to risk management models. Goldman Sachs and Morgan Stanley's conversion into bank holding companies, allowing them to buy other retail banks and more readily borrow money from the Federal Reserve Bank, means that long-chanted...
Citigroup Inc. will acquire the banking operations of Wachovia Corp., one of the nation's largest banks, in a deal facilitated by the Federal Deposit Insurance Corp. over the weekend.
The Citigroup acquisition of Wachovia comes only four days after Washington Mutual failedand JP Morgan Chase bought the Seattle,...
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.
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...
The second conspirator/hacker in the biggest hacking case ever has been convicted of conspiring to electronically break into computer networks, steal credit and debit card information and sell it. He faces up to 22 years in prison and a $1 million fine.
Christopher Scott pled guilty to conspiracy, access device...
It was another frantic weekend in the financial services industry, as one bank closed, two financial giants were reborn, and the Bush Administration proposed a historic $700 billion bailout plan for troubled institutions.
Financial markets had just begun to settle a bit after last week's dramatic events on Wall...
Hurricane Gustav may have hit the state of Louisiana with a broad swipe of rain and high winds, but one bank was ready for whatever it had in store.
BancorpSouth, ($13 billion assets, [BSX: NYSE]), employs more than 3,900 people in about 290 commercial banking, mortgage, insurance, trust and broker-dealer locations...
In the aftermath of Hurricane Ike, one of the largest hurricanes on record, the brunt of the forceful storm that struck the Texas Gulf coast is still being absorbed. With an estimated 52 people dead and damages still being assessed across Gulf coast areas of Texas, Louisiana and other states, Texas Banking...
Anti-money laundering has been one of the dominant stories in financial services this year, and the trend isn't likely to abate anytime soon.
In this exclusive interview, attorney and AML expert Ross Delston discusses:
The latest AML trends, including Trade-Based Money Laundering;
How institutions are...
I can't say enough about the mud slinging and finger pointing being done during the continuing mortgage crisis. It is getting ugly out there. Even the government-sponsored enterprises Fannie Mae and Freddie Mac are now under the watchful conservatorship eye of the federal regulators, as the mortgage foreclosures top...
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.
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