Let's talk about how a big disaster becomes an even bigger one.
On Tues., Jan. 20 - Inauguration Day - Heartland Payment Systems (HPY) President/CFO Robert Baldwin announced the company had been breached sometime in 2008.Heartland, which processes roughly 100 million transactions per month for 250,000 different...
Heartland Payment Systems, the sixth-largest payments processor in the U.S., announced Monday that its processing systems were breached in 2008, exposing an undetermined number of consumers to potential fraud.
Meanwhile, Forcht Bank, one of the 10 largest banks in Kentucky, told its customers it would begin...
Randy Caraway, a banking/information security consultant, not only knows about the impact of economic conditions on banking institutions - he's felt them personally. Formerly with JPMorgan Chase, Caraway now consults privately, serves on the CISM certification board for ISACA, and in this exclusive interview offers...
The combined cost of the TJX and Hannaford data breaches on 75 Maine financial institutions totaled more than $2 million, showing the substantial financial impact of a data breach.
This cost was discovered in a recent study by the Maine Bureau of Financial Institutions and makes the case for more stringent data...
The excitement of the 1 million-plus citizens on hand at the Capitol's Mall for the swearing in of 44th President Barack Obama didn't extend to Wall Street, as stocks dropped to November numbers while investors focused on the recession.
Banks that received money from the Troubled Assets Relief Program will now have to send monthly reports detailing figures on business and consumer loans. Neel Kashkari, the official appointed by Treasury Secretary Henry Paulson to administer TARP, wrote Citigroup, Bank of America and 18 others last week seeking those...
Phishing, malware and the Nigerian 404 scam. These are among the top 2009 agenda items for the M&I Corporation in Wisconsin - not just to fight the threats, but to make customers more aware of them.
Customer awareness is a huge priority for Wisconsin's largest bank, says Scott Coghill, CISM, Vice President,...
The first two failed banks of 2009 were a bank in Berkeley, IL and one in Vancouver. WA.
The National Bank of Commerce, Berkeley, IL was closed by the Office of the Comptroller of the Currency on Friday. National Bank of Commerce's primary market was the Chicago area, and had $418 million in assets. The OCC closed...
The Treasury Department says it will provide a $1.5 billion loan to the auto financing arm of Chrysler. This new aid will be in addition to a package of loans given to Chrysler and General Motors last month in a move designed to give the two companies more time to reorganize.
Higher education hasn't been immune to the ravages of the recession economy. Scholarships and tuition reimbursements are tougher for students to come by, and career opportunities have diminished.
That said, job opportunities for information security students abound - in both the private and public sectors.
In an...
Another injection of federal money has been given to Bank of America, including $20 billion in cash and $118 billion in loan guarantees, in a move to stabilize the mega-bank and the financial industry.
The Federal Reserve, Treasury and the FDIC cut a late-night deal with the largest U.S. bank, as it faces more...
A group of economists led by former Federal Reserve Chairman Paul Volcker says that more risk management and regulations are needed in the financial markets to prevent another global economic implosion.
Volcker leads an economists group called the Group of 30. In a report issued on Thursday, the body of top...
Charles Plosser, President of the Federal Reserve Bank of Philadelphia, says he expects the recovery to start slowly in the second half of 2009, but the unemployment rate will continue to rise.
We all know we're mired in an historic global recession - the biggest economic downturn since the Great Depression, and it may well prove to be the longest.
But when can we hope to escape it?
In this exclusive interview, Ed Friedman, a director with Moody's Economy.com, a division of Moody's Analytics, shares...
Top banking officials told Congress on Tuesday the rest of the $350 billion of the bank bailout needs to be released, and also offered their different ideas on how to spend the money.
Federal Reserve vice chairman Donald Kohn and John Bovenzi, the chief operating officer of the Federal Deposit Insurance...
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.