From Hannaford to Countrywide to the Bank of New York Mellon, 2008 has been a year of high-profile security breaches in or impacting the financial services industry. Here's our list of the top 10 - and lessons that should be learned, so we aren't back revisiting these issues in '09.
Earlier this year, The TJX...
In a move to bolster its budget and bulk up its staff, the Federal Deposit Insurance Corporation (FDIC) this week approved its 2009 operating budget and added more than 1,400 staff positions to be filled in the new year.
In naming some of the final key positions in his cabinet on Thursday, President-elect Barack Obama says he blames much of the nation's economic woes on government regulators who "dropped the ball," and called for a tougher enforcement stance and a return to ethical business practices.
Say the words $50 billion. Sort of rolls off your tongue. I'd be really upset if my family, firm or investment company had invested money with Bernard Madoff's alleged Ponzi scheme. It is shaping up to be one of the biggest investment frauds ever.
When President-elect Barack Obama enters office next year, his first task will be rebuilding the country's sinking economy, and the figure he will be asking Congress to do it may be as high as $850 billion, cites one of his close advisers.
Regulatory compliance is the backbone of a financial institution's information security program. But compliance alone isn't enough, says John Pironti of ISACA's Education Board, who advises institutions to take a risk-based, not a "checklist-based" approach to security.
In an exclusive interview, Pironti...
Wall Street responded to the Federal Reserve's historic interest rate cut with the Dow Jones Industrial Average jumping 360 points along with broad indexes pushing up more than 5 percent. The U.S. central bank Chairman Ben Bernanke pledged that the Fed would use all of its available tools to rescue the nation's...
Amidst the bad tidings of this particular holiday season - bank closures, market losses and mass layoffs - comes a ray of hope. There are some good, solid job prospects for banking/security professionals in 2009.
Interviews with industry and employment leaders reveal the top growth areas for job seekers looking to...
When deciding if you need more certification or training in good years, it's an easy decision. Now in an economic tsunami, information security pros seek shelter from possible downsizing or elimination of their positions.
The Federal Reserve slashed its target for a key interest rate to the lowest level on record, down to zero to 0.25 percent. Federal Reserve Chairman Ben Bernanke says the Fed will use "all available tools" to battle against the current financial crisis and prolonged recession.
Looking ahead to 2009, banking/security guru Steve Katz quotes the ancient proverb: "May you live in interesting times."
With a new administration, new banking landscape and regulatory changes expected, we live in interesting times, indeed. In an exclusive interview, Katz discusses:
The biggest banking/security...