Clearing my desk and my head this morning...
Interesting nuance in the Heartland Payment Systems breach this week. Did you read the article about Visa and the security update it's presenting to its network of processors? In one part of this presentation, Visa discusses myths and facts about PCI DSS compliance, and...
In the wake of the Heartland Payment Systems (HPY) data breach, credit card company Visa is on the road talking to its network of payment processors about current security threats and the merits of the Payment Card Industry Data Security Standard (PCI DSS).
Financial institutions waste an estimated $300 million each year on change of address confirmation letters. This is one of the key findings of a new study from the Fraud Management Institute (FMI), which surveyed more than 300 banks, telecommunications and ecommerce businesses in late 2008.
Heartland Payment Systems (HPY) has been removed from Visa's list of compliant service providers, and banking institutions affected by the Heartland data breach have until May 19 to file their fraud claims with Visa.
This news emerged late last week from a public statement by Visa, as well as from a letter sent by...
The Heartland Payment Systems data breach has brought extra attention to the Payment Card Industry Data Security Standard - PCI DSS. How well embraced is the standard, and what happens to companies if they're found to not be PCI compliant?
In an exclusive interview, Tony Bradley, co-author of the book PCI...
We all know the risk of the insider threat is high, but what are the specific vulnerabilities for which organizations should be particularly vigilant?
In an exclusive interview, Randy Trzeciak of Carnegie Mellon's CERT program discusses recent insider threat research, including:
Patterns and trends of insider...
On Thursday morning in a packed courtroom in New York City, former Wall Street financier Bernard Madoff, now the face of greed in our distressed economy, pleaded guilty to 11 charges in what may be the biggest Ponzi scheme ever pulled. Afterward, he was immediately placed in handcuffs and led off to jail amid the...
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.
On Thursday, Bernard Madoff will plead guilty to fraud charges in what is being called the largest Ponzi scheme in U.S. history, said his lawyer Ira Sorkin in a New York court on Tuesday.
For the second time in four months, the Commonwealth of Massachusetts has pushed back the implementation of its new data protection law - one of the toughest in the nation.
Yet even with the new deadline of January 2010, many of the businesses impacted by these stringent data protection requirements won't be...
Is 2009 the Year of the Insider Threat?
Last August's arrest of a Countrywide employee in California illustrates the potential impact of a single insider with access to sensitive information. The FBI charged the former employee with taking 2 million names and personal information from the mortgage bank and selling...
How is it that Heartland doesn't remain front and center in the mainstream media?
I made the mistake of popping open a browser today and loading my preferred news website, and it was sort of like the ultimate one-two punch that hit me with concussive force.
Most of us deal with the ubiquitous spreadsheet at least once a day in our daily work. Whether it is creating or updating reports for senior management or keeping track of equipment inventories - or the hundreds of other uses for spreadsheets - financial institutions depend on these workhorses to retain and create...
The U.S. Treasury's Office of Foreign Assets Control (OFAC) maintains a list of individuals and organizations that represent security risks to the U.S., and businesses are required to screen their customers and transactions against this list.
But how does one filter correctly and interpret aliases properly to stay...
New York Attorney General Andrew Cuomo is asking for details about the tens of millions of dollars paid to Merrill Lynch executives before the Bank of America takeover. Cuomo issued subpoenas on Wednesday to seven executives who received these bonuses even at the same time the company's net losses totaled $27 billion...
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