The TJX data breach. The Bank of India hack. The San Diego County wildfires. It's been a year full of memorable disasters - and some notable recoveries and regulations, too.
As we reflect on the biggest stories of 2007, it's clear that bad news was big. Some of our most popular stories were about Commerce Bank,...
Forensics has become a hot topic for a variety of internal factors, including the importance of the Internet to everyday business and, with it, the rise of electronic fraud.
Externally, financial institutions especially feel regulatory heat in the form of FFIEC GLBA Notification Rule, SEC/NASD Rule 3010 and even he...
The TJX Companies, Inc. (NYSE: TJX) may have agreed to pay more than $40 million in a recently-announced settlement with Visa, but the collateral damage might have been significantly worse had the case gone to trial and revealed details of the security/compliance conditions that allowed customer data to be breached....
'Tis the season - for an upsurge in phishing attacks.
Researchers at information security company Cyveillance saw more than a 300 percent jump in attacks on Thanksgiving Day. This one-day spike is a tactic used by criminals, who like to strike on holiday weekends, often targeting smaller businesses and credit...
Privacy breaches can have devastating impact upon organizations if they do not respond to them well - and ensure that their third-party service providers are also adequately protected. Register for this webinar to learn:
Why there are more privacy breaches than ever before
How to plan for - and respond to - a...
BONI: It is very, very important that we move beyond the idea that we have to just find the source of a problem and shut it down until now we have to find the source of the problem, investigate how and why and where the problem was instituted into our environments. And then share that with law enforcement or other...
The cost of a data breach has gone up to nearly $200 per compromised customer record. And if your third-party service provider loses your customer data, the cost to you is even higher.
Bill Boni, Corporate Information Security Officer and Vice President, Motorola Corporation
Bill Boni shares lessons he has learned in his 30 year career in IT security and discusses how organizations should manage their IT security function in order to respond to emerging threats. He reviews:
• How...
Some customers of the New Jersey-based Commerce Bancorp have received notification from the bank that their identities may be compromised. The bank announced on Tuesday that an employee may have given out confidential customer information.
Richard Swart: Hi. This is Richard Swart with the Information Security Media Group, publishers of BankInfoSecurity.com and CUInfoSecurity.com. Today, we are speaking with Steven Jones, the Director of Information Security at Synovus. Good morning, Steven.
Steven Jones: Good morning. How are you?
Swart: ...
Preliminary results of the nationwide pandemic exercise for the financial services industry were released recently, and show that while the industry itself is among the most prepared, there is still much work to be done for individual institutions to be fully prepared for a true pandemic disaster.
Michael Jackson, Associate Director of Technology Supervision of the FDIC, provides early data on the impact of the recent California wildfires, including:
Number of banks and other FDIC-supervised institutions impacted;
Specific guidance on what the FDIC expects in a business continuity plan;
Preview of the...
Interview with William Henley, Director of IT Risk Management, Office of Thrift Supervsion (OTS)
In this interview, Henley discusses the impact of the California wildfires and reports on the number of thrifts that activated their incident management and disaster recovery plans. Henley also discusses the critical...
Steven Jones is the Director of Information Security for Synovus, a bank holding company with 39 banks in the Southeast United States. In this podcast interview Mr Jones discusses the comprehensive risk management process he had created that provides best in class residual risk reporting and metrics. He discusses...
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