An Illinois bank, Bank of Lincolnwood, was the 37th bank to fail thus far in 2009 when it was closed last Friday by the Illinois Department of Financial and Professional Regulation, Division of Banking.
Steve Katz was the world's first CISO, and he has unique insight on the information security profession - how it's developed and where it's headed.
In an exclusive interview, Katz discusses:
How the information security role has evolved;
Which trends are changing the role;
The skillsets necessary for today's...
Hard times have taken a toll everywhere - even when it comes to internal audit practices at financial institutions.
Yet, in the wake of security breaches and questionable business practices at some financial institutions, federal regulators are cracking down on auditors. In an exclusive interview, Holly Kidder, a...
Doug Brown Discusses Mobile Strategy, New Products, Biometric Security
Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:
Mobile trends at BoA;
Security hurdles the institution...
Driving home every day along the New Jersey highways, I often see the signs offering "Save Your Home from Foreclosure" with a toll free number to call for more information.
It is the sign of the times. Foreclosure rescue scams are on the rise, along with mortgage fraud.
For thousands of years, people have attempted to hide sensitive information from competitors or enemies.
Since January, critics of the Heartland Payment Systems data breach have called out for tougher encryption standards for financial institutions and their third-party service providers. Applications for...
Federal Reserve Chairman Ben Bernanke says large domestic budget deficits will hurt financial stability, and the federal government can't continue indefinitely to borrow at the current rate to finance the shortfall.
Vendor management was one of the hot regulatory topics going into 2009, and it's only gotten hotter as the year has unfolded.
James Christiansen, a longtime financial services/security leader and currently CEO of Evantix, discusses:
Vendor management trends at financial institutions;
How the Heartland breach...
The spread of H1N1 flu in Australia, Britain, Chile, Japan and Spain has pushed the world closer to a pandemic, says the World Health Organization (WHO).
The newly-discovered flu strain has caused more infections than seasonal influenza at the start of Chile's flu season, heightening concern about the spread in...
Verizon Business investigated 90 major data breaches in 2008, including 285 million compromised records. Nearly Â¾ of those breaches were external hacks, and 99.9 percent of the records were compromised via servers and applications.
These are among the findings of Verizon's new 2009 Data Breach Investigations...
In a move to tighten down mortgage loan originators' credentials and stronger background checks, the federal financial institution regulatory agencies on Monday issued proposed rules that will require mortgage loan originators to meet registration requirements of the Secure and Fair Enforcement for Mortgage Licensing...
In these times of mergers and acquisitions in the banking industry, identity and access management (IAM) is a huge challenge.
Mike Del Giudice of Crowe Horwath LLP shares insights on:
IAM trends in financial services;
How banking institutions are tackling IAM challenges;
The 'gotchas' to avoid.
From the president on down, the nation has a renewed focus on cybersecurity.
Nadia Short of General Dynamics, a major government/defense contractor, discusses:
The types of cybersecurity positions GD is filling;
Requirements for qualified personnel;
Potential career paths in cybersecurity.
Nadia D. Short...