The crime of deception is now even more deceptive.
Multi-channel fraud - schemes that are launched simultaneously via telephone, Internet, in person and via mail - is a growing concern for financial institutions. And the linked crimes aren't always easy to spot.
In this exclusive interview, security expert Diana...
I'm traveling this week and figured I wouldn't have time to make my weekly blog entry while managing through a very full schedule. Writing these posts by itself is simple enough once you have a topic or idea to work with, but air travel, long car rides and fieldwork at multiple client sites don't allow much room for...
Insider threat is a growing criminal activity, and given economic conditions there is a high risk of this fraud occurring -- especially in the event of banks merging, being acquired and employees being laid off.
What steps can financial institutions take to safeguard themselves from the insider threat? To fully...
Interview with Chris Williston of the Independent Bankers Association of Texas
We're amidst an historic economic juncture, and we've just experienced an historic Presidential election. So, what's on the community banking agenda, and how are institutions strengthening - and expanding - their relationships with...
The RSA Fraud Action Research Team says it has found a single Trojan that it believes to be behind the theft of more than 500,000 online bank account credentials, credit cards and many other resources.
The security vendor's team revealed its findings late last week and says the gang behind the Trojan may have been...
Standing in line to vote yesterday evening at my local middle school, I thought there were a lot of things that the 44th President will have to fix: the economy, the country, the federal government, the out of whack federal budget. Whew! That's a lot, just on a national scale; we're not even talking global problems...
At least one question has been answered.
With the election of Barack Obama as the next U.S. President, we know who our nation's leader will be for the next four years. And with Democrats picking up additional seats as the majority party in both the House and Senate, we have a sense that Obama is going to have some...
Microsoft Windows vulnerabilities are decreasing, but malware is increasing.
This is the news from the latest report of Microsoft's global view of the threat landscape from hundreds of millions of computers around the world.
The Microsoft Security Intelligence Report shows that the total amount of malware and...
Couple things I'd like to quickly bring to your attention.
First, have you checked out any of the new Bank Information Security Handbooks we introduced last week?
These electronic editions compile highlights of our content - articles, interviews, blog postings, agency alerts, etc. - in a unique format that gives...
November is here; let the examinations begin.
This past Saturday, Nov. 1, marked the compliance deadline for the Identity Theft Red Flags Rule. After nearly a year of waiting and preparation, financial institutions now are subject to examination by their regulators on their newly-enhanced ID theft prevention...
Hard to believe that November 1 is already upon us, bringing the onset of the Identity Theft Red Flags Rule compliance. We've been reading about and discussing it for so long that it almost seemed as if though it would always remain six months away, but even a watched regulation eventually transitions into effect. ...
As institutions look at their calendars and see that November 1 compliance deadline looming, it's time to realize that this isn't just another regulation. The ID Theft Red Flags Rule is about stopping identity theft from happening to your customers.
When I hear information security professionals say they're...
Nov. 1 is but days away, yet only one-third of all financial institutions will be ready to meet the ID Theft Red Flags Rule compliance deadline, according to one industry estimate.
Many institutions already believe they are compliant because they implemented ID theft-prevention measures from previous regulations,...
The Federal Trade Commission (FTC) announced this week it will suspend enforcement of the new Identity Theft Red Flags Rule until May 1, 2009 - six months beyond the original Nov. 1 deadline.
This move will give non-banking creditors and state-chartered credit unions additional time to develop and implement written...
It's interesting how with everything going on in our industry this year, between the credit crisis, bank mergers, bank closings and emerging regulatory compliance requirements (and on and on and on), that we haven't had time to discuss much else. However, work continues out in the trenches, money is still moving into...
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