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...
Over 50% of all active phishing URLs are a result of the Rock Phish Gang
The Rock Phish Gang is not your average group of phishers, but a sophisticated international crime syndicate with superior IT skills. Responsible for over $100M in fraud losses per year, the Rock Phish Gang presents a formidable twist on the...
There are many people who fall victim to identity theft every year. But an even darker threat looms around people who have recently lost a loved one. Growing numbers of identity theft deal with victims who have died.
As U.S. citizens scramble to get their financial affairs in order before the April 15th federal tax return deadline, fraudsters are readying to take full advantage with scams of all shapes and sizes.
To help taxpayers muddle unscathed through this season's onslaught, the Internal Revenue Service (IRS) just issued...
A hard-hitting report aimed at pushing banks for greater disclosure caused a buzz in the industry as it zipped around the country's banking centers in the last couple of weeks.
The revelations were headline-worthy: Previously-private consumer complaint forms from the Federal Trade Commission -- requested by privacy...
It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history.
We recently spoke with Linda Najim and Jason Gaswirth of Diamond...
The insider threat is at the forefront of financial institution concerns these days, and a huge part of mitigating that threat is improving identity and access management. Read this interview for insights from Subhash Tantry, CEO of Fox Technologies, on:
Five principles of an effective access control management...
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...
Some email users have lost money to bogus offers that arrived as spam in their in-box. Con artists are very cunning; they know how to make their claims seem legitimate. Some spam messages ask for your business, others invite you to a website with a detailed pitch. Either way, these tips can help you avoid spam scams:
Identity theft can sometimes go unnoticed if the theft is small, or it can cost consumers tens of thousands of dollars and ruin credit scores for years. Below is information about identity protection to help reduce the risk of identity theft.
It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history.
We recently spoke with Linda Najim and Jason Gaswirth of Diamond...
The Internet and World Wide Web contain a vast amount of information upon which businesses and consumers rely every day. Not everything on the Web is beneficial though, and users need to be careful.
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