Identity theft can strike anyone. Unfortunately, even BankInfoSecurity.com’s staff have been past victims of identity theft. Luckily, the two stories have been resolved. Read on to hear first-hand, the pain of identity theft, and what lengths victims have to take to resolve the crime and restore their identity....
A recent survey of banking executives showed the overwhelming majority plan to increase spending on automated Anti-Money Laundering (AML) transaction monitoring and on staff to help strengthen their compliance programs.
Darren Donovan, head of KPMG’s Forensic Services said the survey, administered by KPMG...
As an active job seeker you may post your resume in several job boards providing personal contact information including your social security number and more... speak with innumerable recruiters discussing potential job opportunities revealing more information about yourself. Chances are you don't give this everyday...
The revelation by TJX Companies, owner of T.J. Maxx and other retail brands, that at least 45.7 million credit and debit cards were compromised over several years highlights anew the risks associated with processing card transactions and the need to protect the information they contain.
The Check Clearing for the 21st Century Act (Check 21) has created new opportunities for financial institutions and customers. By eliminating the need to transport paper checks, remote check capture can provide significant cost savings for financial institutions. Customers benefit as well: retail customers can receive...
The banking industry is one of the most highly regulated and closely supervised among those handling sensitive consumer information. Besides being subject to security breach disclosure laws at the state and federal levels, it must comply with industry-specific laws and regulations related to information security and...
A new chief information security officer should approach their role determined to make a difference to the business they are supporting. This advice comes from someone who knows how to make a difference, Steve Katz, who was the first Chief Information Security Officer (CISO) of a major financial institution,...
In this podcast you’ll hear what’s driving regulatory compliance at financial institutions from Susan Orr, a seasoned bank examiner.
Hear Susan lays out a roadmap on approaching information security, and why it’s important to look beyond one regulation or compliance guidance issue and see the...
ALAN ZAPANTA(ISMG): Now, recently, you have been conducting some compelling research regarding the skill level that the information security industry demands and the current curriculum that many colleges ascribe to. Could you please give us a brief overview?
RICHARD SWART: Yes. I did this research in...
In this latest podcast from CUInfosecurity.com, you'll hear Richard Swart, Information Systems professor at Utah State University reveal the skill gap between what the Information Security industry demands, and the current state of most college curricula. His research into this topic takes on the following:
- What...
While most financial institutions guard against the external threat of hackers, malware, and network intrusions, there is an insidious insider threat that lies hidden inside the walls of financial institutions. According to Dr. Eric Cole, a noted information security expert who has studied insider threats and...
What are some of the constants - - and you’ve obviously, with your years of experience, seen many of them, but what are we still dealing with, the problems you had back in the early days, in terms of information, security and risk? And is the TJX data breach that just recently hit the headlines a glimpse of...
The growing awareness of the insider threat, and the recognition that security
breaches by internal, trusted users are at least as risky as malicious outsiders, is pushing organizations to take action. Fueled by regulatory requirements, the market for various security solutions that can help detect and mitigate risks...
Listen to this latest podcast on CUInfoSecurity.com. You'll hear Rhonda MaClean, former CISO of Bank of America's take on the following:
· The TJX data breach - these kinds of problems are not going away
· What's important about getting back to basics of information security
· Customers' trust in the...
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