One of the biggest challenges in managing financial service organizations is the complexity of controlling user access to information resources. Some of these organizations have attempted to implement roles-based systems to address these challenges, but real-world experience have shown that unless roles fit into a...
Banking/Security Expert Shares Insights on Red Flags, Vendor Management, Other Key Challenges Facing Institutions
He was the world's first Chief Information Security Officer at Citigroup in 1995, and for over 25 years he has been a true banking/security leader.
Stephen Katz, founder and President of Security...
Most companies keep sensitive personal information in their files-names, Social Security numbers, credit card, or other account data-that identifies customers or employees. This information often is necessary to fill orders, meet payroll, or perform other necessary business functions. However, if sensitive data falls...
John was a businessman on a business trip. He used his credit card for a client dinner - and a criminal in the restaurant copied the card, stole John's identity and ran up $250,000 in debt in just six weeks time.
Read this interview to learn how John:
Discovered he was a victim of Identity Theft;
Fought back...
Debit card fraud is one of the most prevalent security threats against banking institutions and customers alike. In this interview, Daniel McIntyre, information security and business recovery analyst with Superior Bank of Birmingham, AL., shares his insight on:
The magnitude of the debit card threat;
Strategies...
Despite your best efforts to manage the flow of your personal information or to keep it to yourself, skilled identity thieves may use a variety of methods to gain access to your data.
If you are a victim of identity theft, take the following four steps as soon as possible, and keep a record with the details of your conversations and copies of all correspondence.
Once resolved, most cases of identity theft stay resolved. But occasionally, some victims have recurring problems. To help stay on top of the situation, continue to monitor your credit reports and read your financial account statements promptly and carefully.
When it comes to identity theft, you can't entirely control whether you will become a victim. But there are certain steps you can take to minimize recurrences.
The FTC estimates that as many as 9 million Americans have their identities stolen each year. In fact, you or someone you know may have experienced some form of identity theft.
The crime takes many forms. Identity thieves may rent an apartment, obtain a credit card, or establish a telephone account in your name....
The Internet serves as a powerful tool for investors. But hackers and identity thieves can wreak havoc on your personal finances unless you take steps to protect the security of your account numbers, passwords, and PINs. And investment opportunities that sound like no-brainers all too often turn out to be frauds.
It's a project that really represents about a year's worth of work and organization on our part, and on yours too. We started months ago. Information Security Media Group just started to visualize this project, the issues that we wanted to talk about - knowing the regulatory issues that were coming down, things that...
Vendor management and pandemic preparation are huge topics for financial institutions and regulators alike. On January 29, the National Credit Union Administration (NCUA) spotlighted these issues in a webinar, "Key Examination Issues for 2008." Following the session, we spoke to NCUA Board Member Gigi Hyland about the...
There are many people trying to scam you for your money, both on and off the Internet. Here are a few of the more common scams, what's at risk, and how to avoid them.
Check fraud has long been a concern for banks, and in today's age of electronic banking one of the greatest threats is Automated Clearing House (ACH) fraud - batch-processed transactions between banks. In this interview, fraud expert Mike Mulholand, Director of Fraud Solutions Strategy at Memento, Inc., offers...
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