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Payroll Processor Reveals Data Breach

Ceridian Says 27,000 Customers at Risk After Recent Hack
A Minneapolis-based payroll processor informed 27,000 of its customers last week that their personal data may be at risk after a hacker attacked the company's payroll system last December.

Are You Ready for the Risk of Mobile Malware?

Security Experts: Mobile Phones, Services are the Next Big Targets
The recent news that Nexus One smartphone owners were unable to send or receive data is just a precursor to what security experts say is the next big threat to mobile phones and services - mobile malware.

According to Dr. Markus Jakobsson, a noted security expert in the field of phishing and crimeware, mobile phones -- especially smart phones -- pose the next big headache for security professionals. And financial institutions should be particularly concerned about risks to mobile banking.

Texas Man Guilty of $1 Million Check Kiting Scheme

A Texas man this week pled guilty to defrauding three Texas banks of more than one million dollars.

Jeff Woodard, 48, of Harlingen, Texas, pled guilty to one count of bank fraud, admitting he operated a check kiting scheme involving four bank accounts held in the names of several of his former businesses.

House Passes Cybersecurity Enhancement Act

Measure, Approved by 422-5 Vote, Goes to the Senate
Provisions of the bill would help develop a skilled government infosec workforce, prioritize federal cybersecurity R&D, improve the transfer of cybersecurity technologies to business and promote cybersecurity education and awareness.

The Influencers: Steve Katz

The Influencers is a continuing series of profiles of the people who shape information security, risk management and privacy.

Steve Katz ex-CISO, Citibank, JP Morgan, Merrill Lynch; currently a consultant and widely sought-after speaker

Now Open: Banking Information Security Today 2010 Survey

Help Identify the Strategies and Solutions for 2010 and Beyond
Are you and your customers better off today than you were a year ago?

This is the key question to be explored in the Banking Information Security Today survey. The 2010 study explores how banking/security leaders are responding to today's key banking issues, including fraud prevention, regulatory compliance and social networking.

Sentencing in Houston ID Theft Case

Former hospital worker gets 60 months
A former patient care assistant at a Houston hospital was sentenced to 60 months in prison on February 3 after pleading guilty to bank fraud and stealing the identities of patients.

Cyber Scholarship to Require More Work

3-Year Added Commitment for Ph.D. Students Receiving Financial Aid
An amendment approved by the House to the Cybersecurity Enhancement Act is seen as preventing recipients from using the scholarship program solely as a bridge to a higher-paying, private-sector job.

Response to Obama on Regulatory Reform - Christie Sciacca, ex-FDIC

President Obama this past week made strong remarks to spur Congress and populist support toward banking regulatory reform.

But what's likely to happen? And when?

Christie Sciacca, formerly with the Federal Deposit Insurance Corporation, discusses:

The substance of Obama's proposals;

What's likely to occur in regulatory reform;

Whether reform will occur in 2010.

ATM Skimming Ring Targeted in MA.

Police Arrest 3 Suspects Connected to String of ATM Thefts
The U.S. Secret Service has broken up an alleged ring of ATM skimmers in Massachusetts, announcing the arrests of three suspects -- including one man who was in possession of nearly $100,000 when he was arrested.