In a survey of more than 100 banking/security leaders, 57% of respondents say they are somewhat or very confident in their own applications, and 90% say application security is somewhat or a significant part of their overall information security programs.
However, when it comes to applications developed or managed...
Nov. 1 is but days away, yet only one-third of all financial institutions will be ready to meet the ID Theft Red Flags Rule compliance deadline, according to one industry estimate.
Many institutions already believe they are compliant because they implemented ID theft-prevention measures from previous regulations,...
The Federal Trade Commission (FTC) announced this week it will suspend enforcement of the new Identity Theft Red Flags Rule until May 1, 2009 - six months beyond the original Nov. 1 deadline.
This move will give non-banking creditors and state-chartered credit unions additional time to develop and implement written...
Tuesday's news was mainly about Wall Street, with the U.S. government pledging to invest up to $125 billion in nine of the nation's largest banks.
But Main Street banking institutions and their customers will be the ultimate beneficiaries of this financial boost, says one industry analyst.
"It's all about...
Application security is a key focus of regulatory agencies - ensuring that financial institutions pay as much attention to third-party applications as they do to those they develop and manage in-house. In a recent survey conducted by Information Security Media Group, respondents say they are more confident in their...
The Office of the Comptroller of the Currency (OCC) has issued new Fair Credit Reporting Act (FCRA) examination procedures for rules addressing affiliate marketing, identity theft red flags, and address discrepancies last week. These new examination procedures add to existing FCRA procedures.
OCC examiners performing...
The World Bank, an internationally-supported institution that provides loans to developing countries, is reported to have suffered a network intrusion that one insider labeled "an unprecedented crisis."
The breach, first reported by Fox News, alleges that servers in the Washington, D.C.-based bank's treasury unit...
OK, with less than two weeks to go, banking regulatory agencies are getting busy. Busier, I should say.
Last week saw both the OCC and FDIC release their approaches to the Identity Theft Red Flags Rule examination procedures.
No huge surprises here. But what's interesting is when you review the somewhat...
Insights on the Federal Rescue Plan - an Interview with Guillermo Kopp of TowerGroup
Tuesday's news was mainly about Wall Street, with the U.S. government pledging to invest up to $125 billion in nine of the nation's largest banks.
But Main Street banking institutions and their customers will be the ultimate...
The headlines have been made in Washington, D.C., but what's happening in the heartland?
Community banks make up more than 90 percent of the nation's 8000-plus banking institutions, and it's important to hear from their senior leaders on such topics as safety and soundness, customer confidence and business/security...
Manage your application security risk and comply with OCC Bulletin 2008-16 cost-effectively...
Hear about how leading organizations are leveraging Bulletin 2008-16 as a blueprint for securing third party applications
Learn about contract language you can use in SLAs to demand secure software from third...
Signing up for a hosted IP PBX provider is just like signing up for cable TV; the provider is trying to lock you in to a long-term contract at terms that give them the most profit, while you're just trying to get the service and features you need at the lowest possible price. Plus, there are always hidden...
In conjunction with the recent Identity Theft Red Flags Rule Roundtable webinar, we conducted an interview session with Evelyn Royer of Purdue Employees Federal Credit Union and Steven Jones of Synovus Financial Corp. Topics ranged from:
How has your institution tackled ID Theft red Flags Rule compliance?
What...
It's officially the 11th hour.
The deadline for compliance with the Identity Theft Red Flags Rule is less than one month away, and financial institutions are scrambling to meet it.
Yet, a new study from Tower Group, the financial services research firm, predicts that less than one-third of institutions will be...
The Payment Card Industry (PCI) has released its newest version of its data security standards (PCI-DSS). The version is designed to help protect transmitted charge and debit card information, and spells out a comprehensive vulnerability management program.
While not a banking regulatory standard, PCI was...
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