OK, you've heard enough from me of late about what banking institutions should say or do re: customer confidence and the crazy economic mess we're in.
Well, here's what one bank actually did about it.
And so the hits just keep on coming.
Just when you think you've seen the biggest bank failure in modern times in IndyMac, WaMu comes along and tops them all.
Just when you think you've seen the blackest of Black Mondays in your lifetime, a darker day dawns, and the stock market reels from a record plunge of 777...
It's all anyone wants to talk about.
In the wake of Washington Mutual's historic failure last week and the Wachovia takeover today, all anyone wants to discuss is the enormity of these events what they mean to the banking industry.
This time the news was so big it couldn't even wait til Friday.
Up to this point, as you know, whenever the FDIC has closed a bank this year, it's waited til after markets have closed for the week - let things settle over the weekend, and then the failed bank can reopen under its new flag on Monday.
But...
I was presenting at a credit union conference this week, where the session before mine covered current economic conditions. The timing was perfect in a macabre sort of way, as the 24 hours prior were filled with news about the Merrill Lynch rescue and Lehman Brothers collapse. As part of the Q&A phase, a prediction...
You know someone. Out of millions of Merrill Lynch customers, you should know at least one. Combine Bank of America's many more millions of banking customers, and you have to know someone. I know quite a few myself. All of these people are waiting to be absorbed into what is ultimately a new regime. This state of...
To me, this is one of the sleeper stories of the year.
The ID Theft Red Flags Rule, Business Continuity and Anti-Money Laundering have dominated the headlines - and banking/security priorities. But recent attention paid to Application Security has the potential to fuel one major fire drill in 2009.
This is a transcript of a recent webinar, Insider Threats - Safeguarding Enterprise Information Assets, sponsored by Imprivata. This session discusses the need and importance for convergence of physical and logical access control. To highlight the significance, Imprivata showcases their revolutionary product,...
Everyone was watching the Olympics this past month and saw lots of records being broken. But there is one record no one want to be included in -- the record number of 449 data breaches that have happened (and been made public) and recorded by the Identity Theft Resource Center.
Unfortunately for some unlucky...
GLBA who? Bank Secrecy what? Insider Threat?...is that something mob-related?
Your customers may not even know your institution is examined for security compliance by the banking regulatory agencies, and so most likely will have never even heard about the ID Theft Red Flags Rule and the impending November 1 ...
So, I'd started my weekly blog entry intending to discuss application security (I'm keenly interested in what the just-released BIS survey is going to reveal) when the following headline came across on my BIS RSS feed "Social Engineering Hits Brit Bank Head, Victim of Fraud."
You'll have to forgive me for being so...
Maybe the Countrywide television ads that constantly run on cable news shows I watch on weekends will now tout, "Finance your mortgage with Countrywide, and have your identity stolen at the same time for mere pennies."
The recent arrest of a former Countrywide employee in the insider identity theft case, where an...
"Whitelisting" is a new twist on information security. Instead of trying to find a software solution that keeps all of the potential bad guys out of your systems, whitelisting allows you to establish a protection layer that grants access to only your finite list of good guys - individuals or applications.
In this...
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their customers and critical financial/informational...
To me, it was a given.
In the wake of recent news of IndyMac and other bank failures, it seemed safe to say that U.S. banking institutions were dealing with a bit of a crisis of confidence. I mean, I didn't imagine that line of anxious customers outside IndyMac, did I?
But then I got a recent note from a...
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