I can't say enough about the mud slinging and finger pointing being done during the continuing mortgage crisis. It is getting ugly out there. Even the government-sponsored enterprises Fannie Mae and Freddie Mac are now under the watchful conservatorship eye of the federal regulators, as the mortgage foreclosures top...
A recent Comptroller of the Currency (OCC) guidance emphasizes the need for stronger application security within financial institutions and their third-party service providers to maintain integrity of data, mitigate true risks and avoid being prime targets for criminal activities. We queried two information security...
Sahba Kazerooni is a senior security consultant with Security Compass, a security consulting and training firm specializing in application security based in New Jersey. He is also an internationally-renowned speaker on security topics, and has provided presentations at security conferences around the world, including...
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...
A Wells Fargo bank access code was used to steal the personal information of roughly 5,000 consumers, leading the bank to conduct a full-scale inquiry into the data breach.
Wells Fargo says it was notified on July 1 by MicroBilt, an online consumer and commercial credit bureau information provider, that someone had...
"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...
Interview with Cyber Crime Expert Eric Fiterman
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...
Interview with Brent Rickles, SVP, First National Bank of Bosque County, on Securing Financial Data and Systems Through Application Whitelisting
"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,...
I'm out in the field this week conducting a series of services for one our clients. At the moment I'm heavily focused on completing a draft of a new vendor management program for them to implement. Although we have a standard methodology that's been used by the practice for several years, I've taken it upon myself...
The recent release of a University of Michigan study on the security flaws of online banking websites brings attention to the often overlooked area of web application security.
In this exclusive interview, Jeremiah Grossman of WhiteHat Security shares his insights on the importance of web application security for...
Last month I wrote several articles on GLBA compliance, and I asked several people I know who are fluent in these issues what are some of the most common questions they face on GLBA as a security manager or assessor at the institutions they either work at or are assessing?
During my formative years, I developed a tendency to spend considerable time trying to figure out ways to circumvent the myriad systems teenagers and young adults are confronted with. So much of what was expected of me just didn't make sense, and I didn't want to simply go-along-to-get-along. My father would often...
More than 75 percent of bank webites in a recent survey have at least one design flaw that could make customers vulnerable to cyber thieves.
This according to a new University of Michigan study of online banking.
These design flaws stem from the flow and the layout of the websites, according to the study. Led...
Banking institutions must conduct appropriate security risk assessment and mitigation on all software applications, regardless of whether developed internally, by a vendor or by outside developers.
This is the key point of a recent bulletin from the Office of the Comptroller of the Currency, which regulates and...
Just when you thought PCI deadlines were behind you ...
The deadline for compliance with the Payment Card Industry's Data Security Standard DSS (PCI-DSS) 6.6 requirement is June 30. This requirement describes security steps that are intended to address threats to web applications.
But industry analysts project...
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