OK, so here's a reaction I never expected.
We've talked a lot about the banking crisis over the past year - the differences between Wall Street and Main Street, and how all financial institutions are impacted in one way or another by fallout from the industry's "3 B's," Bailouts, Bernie and Bonuses.
Angry about the Heartland data breach?
Anxious because you have an upcoming regulatory exam?
Frustrated by the effects of the global recession, and wondering when the heck we're going to climb out of it?
Every day I'm driving to or from work -- or even on the weekends - it seems like I hear about some new urgent priority that I must be aware of, whether it be the flailing economy, President Obama's directives, data breaches, or any number of other news-worthy items. But I love the news - so I don't mind!
So, today's the day.
When Bernard Madoff appears in court this morning, presumably to plead guilty to at least a portion of the fraud he committed in his $50 billion Ponzi scheme, the world will be watching.
Spring time in Washington D.C. used to be marked by the pink and white splashes of color of the cherry trees that line the Potomac and the Tidal basin.
Now I suspect this spring (or possibly even sooner) we're going to see some color of a different kind in D.C. - the color red.
I read the news today, oh, boy.
About another credit card processor that supposedly has been breached, exposing consumers and cards to potential fraud.
This news comes almost a month exactly after Heartland Payment Systems (HPY) went public with news of its data breach sometime in 2008.
The number of financial institutions that stepped forward to say their customers' credit or debit cards were compromised because of the Heartland Payment Systems (HPY) data breach has now reached more than 500.
Little more than a month ago, on Jan. 20, Heartland, a Princeton, NJ-based payments processor, went...
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
Interview With Dick Langford, VP, BB&T
What happens after a major security breach such as the Heartland Payment Systems hack? How do banking institutions go about notifying their customers - whose responsibility is it?
At BB&T in Winston-Salem, NC, the role is filled by Dick Langford, Vice President and Manager,...
Times are tough, and we all continue to hear about the heightened risk of the insider threat. Granted, unauthorized insider access to data has always been a concern. But the concern is increased now because of the tremendous changes that we are seeing in the economy.
The economy is down, phishing is up, and banking customers are increasingly targeted by multi-channel fraud schemes. Now, more than ever, customer awareness efforts are key for banking/security professionals.
Identity theft rose by nearly 25 percent last year in the United States, according to a new report released today. The 2009 Identity Fraud Survey Report by Javelin Strategy & Research shows that the number of identity fraud victims increased 22 percent to 9.9 million people being hit, at a total cost of $48 billion.
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
You can't get away from this story.
Since we first broke the news about the Heartland Payment Systems (HPY) data breach back on Jan. 21, this story has just dominated conversation in and about our industry.
On our site, the latest news updates and have proven enormously popular.
Financial institutions are being warned that they may be getting phishing emails that appear to come from the Federal Reserve Bank. The FDIC issued a special alert on Thursday warning of fraudulent emails allegedly coming from the Fed. The email claims that a phishing attack has affected the Fedwire system and that...
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