Orion Bank a $2.7 billion, Naples, Fla.-based institution, was one of three banks closed by state and federal regulators on Friday, Nov. 13.
These closings raise to 142 the number of failed banks and credit unions so far in 2009.
Organizations and security controls have changed, so senior management and regulators now demanding more of internal auditors.
Beyond financial and control issues, internal auditors now are being asked to assess the effectiveness of an organization's enterprise risk management program, says Warren W. Stippich, Jr....
Los Alamos National Laboratory has spent $45 million to secure its classified computer network over seven years, according the GAO, yet significant weaknesses remain in safeguarding its classified computer network.
Melissa Hathaway, who led President Obama's 60-day cybersecurity policy review, says it would be a mistake to place the nation's top cybersecurity adviser in the Department of Homeland Security, as proposed by an influential senator, and not in the White House.
Asked, in an interview with GovInfoSecurity.com...
When Anne Marie Staley first became a business continuity/disaster recovery (BC/DR) professional, many organizations minimized the role.
Times clearly have changed. In this post-9/11 world, BC/DR functions have emerged to play critical roles in protecting organizations from natural, man-made and pandemic...
Government and business must think creatively to help safeguard America's digital assets, says Melissa Hathaway, the former White House acting senior director for cybersecurity who led President Obama's 60-day cybersecurity policy review.
Hathaway, an interview with GovInfoSecurity.com, cited the innovative...
As people increasingly turn to information assurance to start - or re-start - a career, the nation's community colleges play a greater role in job training.
Erich Spengler, professor at Moraine Valley Community College near Chicago, discusses:
The role of community colleges in information assurance...
Insights from Former Regulator Christie Sciacca
Sen. Christopher Dodd has just released his draft version of a banking regulatory reform bill. How does it differ from other proposals that came before it, and how will banking regulation be reshaped - and when?
Christie Sciacca, formerly with the Federal Deposit...
Know what scares security expert John Pescatore the most? The image of a remote employee sitting a home office or public setting, plugging into an unsecured network, accessing critical data via a personal laptop or PDA.
Organizations have never had so many security risks in so many remote locations, says Pescatore,...
Enterprise Risk Management (ERM) is a topic of interest throughout an organization - and increasingly at the board of director level.
But how does a security leader engage the board on ERM - and keep it engaged?
U.S. Sen. Christopher Dodd, D-Conn. and chair of the Senate Committee on Banking, Housing, and Urban Affairs, on Tuesday released a much-anticipated draft of a regulatory reform bill that would strip the Federal Reserve and other agencies of their power to regulate the banking industry.
Tough times require "softer" leaders.
This is the perspective of careers coach Heidi Kraft, who says that today's senior leaders need to focus more on emotional intelligence and other "soft" qualities to be able to better recruit and retain quality employees.
In an exclusive interview, Kraft discusses:
Five more banks were closed by state and federal regulators on Friday, Nov. 7 - the largest of them being United Commercial Bank, an $11.2 billion institution, which now has been acquired by East West Bank.