As I reviewed the testimony from the other week's hearing on the Payment Card Industry Data Security Standard (PCI DSS) in Washington, D.C., a nursery rhyme popped into my head. While people called to testify about PCI and its effectiveness managed to dodge that all of the breached entities of the last few years were...
Among the layoffs, companies downsizing, slashing budgets and falling stock prices, there is one area of the economy that appears to be flourishing - crime via the Internet.
The Internet Crime Compliant Center (IC3) says that reports of Internet-based crime jumped 33 percent in 2008, according to the group that...
It is an age old question: Who really is in charge of security? A look back into history, one can see the origination of the word "password" and how it came from the guard at the gate of a city or castle, who upon approached, would say "Halt, who goes there?"
This is something that used to really get me going as an information security practitioner. Someone would forward me (and everyone else they knew) an email that had the most dire of warnings - "EMAIL VIRUS WILL WIPE YOUR HARD DRIVE - Do not open !!!"
Most of us deal with the ubiquitous spreadsheet at least once a day in our daily work. Whether it is creating or updating reports for senior management or keeping track of equipment inventories - or the hundreds of other uses for spreadsheets - financial institutions depend on these workhorses to retain and create...
Spring time in Washington D.C. used to be marked by the pink and white splashes of color of the cherry trees that line the Potomac and the Tidal basin.
Now I suspect this spring (or possibly even sooner) we're going to see some color of a different kind in D.C. - the color red.
The fallout is still coming from the Heartland Payment Systems (HPY) data breach, and banks and credit unions are still dealing with the aftermath. At today's count there are more than 124 banks and credit unions affected by the breach, the number of cards affected topping 250,000.
The big question is: If your...
While the dust is still settling and the forensic teams finish their investigations over at Heartland Payment Systems (HPY), and the line of banks and credit unions begin to form to jump onto the litigation bandwagon because their customers' card were hit in this latest data breach ... one thing jumps out at those of...
It was only a question of time before one of the regulators stepped forward to tell its banking institutions to monitor the use of their federal funds. The FDIC this week drew its own line in the sand when it comes to monitoring how the bailout money will be accounted for at its banks.
Sitting down at your desk wondering how you're going to get your info sec budget through the next finance meeting unscathed and still manage to meet all of your department's regulatory requirements? Well, I can assure you, you're not alone.
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 most financial professionals think of the recently enacted ID Theft Red Flags Rule, they shudder, then groan. You know the feeling of that regulatory burden on your shoulders. Another regulation to comply with; when will it stop?
Standing in line to vote yesterday evening at my local middle school, I thought there were a lot of things that the 44th President will have to fix: the economy, the country, the federal government, the out of whack federal budget. Whew! That's a lot, just on a national scale; we're not even talking global problems...
As institutions look at their calendars and see that November 1 compliance deadline looming, it's time to realize that this isn't just another regulation. The ID Theft Red Flags Rule is about stopping identity theft from happening to your customers.
When I hear information security professionals say they're...
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