The Bank of New York Mellon (BNY Mellon) has announced that the data breach that occurred back in May is much bigger than the 4.5 million records originally announced. The bank now says that another 8 million customers were affected by the breach, bringing the total figure to 12.5 million, which may make it the...
A Wells Fargo bank access code was used to steal the personal information of roughly 5,000 consumers, leading the bank to conduct a full-scale inquiry into the data breach.
Wells Fargo says it was notified on July 1 by MicroBilt, an online consumer and commercial credit bureau information provider, that someone had...
Maybe the Countrywide television ads that constantly run on cable news shows I watch on weekends will now tout, "Finance your mortgage with Countrywide, and have your identity stolen at the same time for mere pennies."
The recent arrest of a former Countrywide employee in the insider identity theft case, where an...
"Whitelisting" is a new twist on information security. Instead of trying to find a software solution that keeps all of the potential bad guys out of your systems, whitelisting allows you to establish a protection layer that grants access to only your finite list of good guys - individuals or applications.
In this...
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their customers and critical financial/informational...
Interview with Cyber Crime Expert Eric Fiterman
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their...
For financial institutions, data security is both an operational and regulatory imperative. A bank or financial services provider that fails to protect a customer's financial data faces the threat of losing customers, tarnishing their reputation and eventually losing competitive advantage.
Register for this...
More than 75 percent of bank webites in a recent survey have at least one design flaw that could make customers vulnerable to cyber thieves.
This according to a new University of Michigan study of online banking.
These design flaws stem from the flow and the layout of the websites, according to the study. Led...
It could be the draft of an important document that sits on the desktop of an employee's computer, or it could be the excel spreadsheet with sensitive information that an employee took home to work on, then copied onto their home PC. Documents such as these are hiding out in a financial institution as "unstructured...
Eighty-seven percent of major data breaches could have been avoided through reasonable security measures.
This is the conclusion of a new report from Verizon Business Security Solutions, analyzing 500 forensic investigations of data breaches. Financial institutions made up 14 percent of all companies included in...
With the decrease in the total number of viruses, some have theorized that the need for virus protection is becoming less and less necessary. Protecting systems such as servers and workstations is nothing new. In fact, using anti-virus software was the first method enlisted to stop malicious code from infecting and...
When a Dallas, TX bank needed some help to stop unauthorized data, it pulled out the biggest guns it could locate to stop the data leaking out of its networks.
The choice was a natural progression of what the bank was already doing to stop data loss, according to Omni American Bank's Chief Information Officer Tony...
There was one thing that always bugged Steve Jones when he thought about customer data protection at his credit union - email via the Internet.
Email is so ubiquitous -- essential to communications both within the institution and with the outside world, including customers. But it's also fraught with security...
Information Security Media Group recently attended the Gartner IT Security Summit 2008 in Washington, D.C. where the theme of the conference was information security 5-10 years from now. We interviewed vendors on the floor of the expo hall and heard about solutions focusing on topics ranging from application security...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
