When Michael Barrett, CISO of PayPal, joined the company two years ago, he asked how senior leaders were fighting the phishing problem.
"Technically, we don't have a phishing problem," he was told.
Yes, scores of PayPal customers were inundated daily with fake emails attempting to lure them to fake websites,...
Imagine living in a country where electronic voting is universal, there are 39 million Internet users, and 25 million of them are also Internet banking users.
Welcome to Brazil, whose online banking services and lessons-learned were presented to attendees at the RSA Conference on Tuesday.
According to Maria...
Bank of America is well known for its mobile banking services. Currently, the institution has 750,000 mobile banking customers receiving services on 400 different kinds of devices.
But did you realize that one of the ways BoA secures its electronic offerings is by providing its customers with abuse reporting...
Interview with AML Investigator Kevin Sullivan
From Second Life to former NY Gov. Eliot Spitzer, anti-money laundering has dominated the news in 2008. To gain new insights in the latest trends, threats and solutions, we interviewed veteran AML investigator Kevin Sullivan on:
What's new in BSA compliance;
How...
Imagine living in a country where electronic voting is universal, there are 39 million Internet users, and 25 million of them are also Internet banking users.
Welcome to Brazil, whose online banking services and lessons-learned were presented to attendees at the RSA Conference on Tuesday.
According to Maria...
In stepping up the fight against cyber crime, Michael Chertoff, Secretary of the US Department of Homeland Security (DHS), has a simple request: Send some of your best & brightest employees to help the government's efforts.
"We want your ideas, insights and I daresay your employees," Chertoff told the crowd in a...
The recent breach of a Maine-based grocery chain may just be the beginning of a novel and sophisticated attack method. Earlier this week, the Okemo Mountain Resort, a ski resort in Vermont, announced that it had been hacked in a similar manner.
News of the Hannaford Brothers breach broke on March 17, and...
The price tag for The TJX Companies, Inc.(NYSE: TJX) to settle with MasterCard and its card-issuing banks is $24 million. This settlement, announced this week, comes on the heels of the TJX settlement with the Federal Trade Commission in late March.
While many in the industry see the FTC's settlement (no fines, but...
How the identity theft of your customers leads to the erosion of your company's profits and good name from Perimeter eSecurity
Identity theft is a catch-all term for crimes involving illegal usage of another individual's identity. The most common form of identity theft is credit card fraud. Identity theft is often...
The online virtual world is a 3D computer-based online role playing game and/or environment. The game takes place online and can have thousands of people playing simultaneously with borderless restrictions and little regulation. It is more formally described as a computer-based simulated environment. This type of...
Just last week a group of 19 mortgage fraudsters were indicted in a California federal court after a multi-year investigation by the FBI and IRS dubbed "Operation Homewrecker."
This case, along with other recent mortgage fraud cases, brings to the forefront a growing threat: Mortgage fraud. And it underscores the...
The Federal Trade Commission has settled with discount retailer TJX, citing the retailer failed to provide "reasonable and appropriate security for sensitive consumer information."
This is the second settlement TJX has made as a result of the largest consumer breach in history. The first settlement, with VISA, came...
In response to the announcement that TJX was not levied any monetary fine as part of its settlement with the FTC, David Taylor, President of the PCI Security Vendor Alliance says this shows TJX's legal team is "a lot stronger than their security team."
OK, so not everybody's confidential information generates the same level of interest as Barack Obama's, Hillary Clinton's or John McCain's passport files.
But the latest State Department scandal nevertheless holds a relevant lesson for financial institutions: Be ever mindful of your customers' privacy....
Scores of financial institutions received alerts from Visa and MasterCard this past week in the wake of news from the Maine-based Hannaford Brothers grocery chain that 4.2 million customer card transactions were compromised by hackers.
More than 1,800 of those credit card numbers have already been used for fraudulent...
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