When it comes to regulatory compliance and its intended purpose, I'm a believer. I genuinely believe that if a bank or credit union implements and supports all required controls essential to achieving compliance, they're the better for it, and their account holders can sleep better at night. What you might've missed...
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...
Last week the NCUA announced the formation of the National Examination Team (NET) to "enhance the supervisory process in areas where economic conditions have adversely impacted federally insured credit unions." Or as I like to think of this move, the FDIC sneezes, and NCUA catches a cold.
It was only a question of time before one of the regulators stepped forward to tell its banking institutions to monitor the use of their federal funds. The FDIC this week drew its own line in the sand when it comes to monitoring how the bailout money will be accounted for at its banks.
An alleged bank robber gets away with nothing, and he's in jail awaiting trial. Not that I'd argue otherwise. Meanwhile, Madoff defrauds investors of billions, quite literally ruins businesses and lives ... and he hasn't even lost access to his premium movie channels.
As banking regulators emphasize the necessity of application security, a broad-based consortium now sheds new light on the most common vulnerabilities.
Experts from more than 30 U.S. and international cyber security organizations, including the National Security Agency and the Department of Homeland Security's...
The FDIC announced details regarding their recently approved 2009 operating budget. Not exactly your "stop the presses, hold all my calls" sort of thing, but it was worth my time to read through it.
I just concluded a strange twenty-four hour period as relates to current events.
It started on Monday evening, when I read an Associated Press story online about how the Bush administration ignored the developing problems in the financial markets.
As of Nov. 1, banking institutions are now eligible to be examined by federal regulators for compliance with the new Identity Theft Red Flags Rule.
So, what should banking/security leaders expect from their initial examinations?
In an exclusive interview, Bill Sewall previews his new webinar, "How to Prepare for...
Red flags, vendor management, business continuity and disaster recovery. If banking/security leaders thought that 2008 was a challenging year for keeping up with regulatory mandates, the old rock and roll song's lyrics say it best: "You ain't seen nothing yet."
Based on expert insight, the following 10 regulatory...
I'm excited about the news we're announcing today re: opening access to all of the articles on our site.
With more people able to view our stories w/o first having to register or log in, that will enable more opportunities for folks to comment on our stories, which then fuels one of my favorite parts of this job:...
As wild as the end of 2008 has been, I can't get my mind off 2009.
This is because I'm just now helping to put the finishing touches on our annual State of Banking Information Security survey, which helps us take the pulse of the banking/security community, so we can gauge the priorities for the year ahead.
Last...
State-chartered credit unions may think they've at least temporarily dodged the enforcement bullet re: the Identity Theft Red Flags Rule. But just because the Federal Trade Commission (FTC) pushed back the compliance enforcement deadline for these institutions doesn't mean that they can take a break, industry experts...
Interview with Banking/Security Expert Bill Sewall
As of Nov. 1, banking institutions are now eligible to be examined by federal regulators for compliance with the new Identity Theft Red Flags Rule.
So, what should banking/security leaders expect from their initial examinations?
In an exclusive interview,...
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