The Justice Department, U.S. Treasury and other agencies on Monday said they will aggressively go after those "bottom feeders" of the mortgage industry who prey on borrowers facing foreclosure.
The efforts announced in a news conference in Washington, D.C., will combat fraudulent schemes that are promoted as...
What happens after a major security breach? 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, Information Security Compliance Management. In an exclusive interview, Langford...
When is an outsider really an insider? That is the question every financial institution has to answer when reconciling security issues and the use of third-party service providers.
At Central Bank, Lexington, KY, Chris Schum, IT Security Manager, Technology Services, says the bank uses port lockdown software to...
A U.S. District Court judge will decide in the next few days whether the Hannaford Bros. data breach class action suit will go to trial.
Judge D. Brock Hornby heard final arguments on April 1 in the U.S. District Court, Portland, ME on the class action suit brought against the supermarket chain that had a data...
Financial institutions are increasing their attempts to help homeowners avoid foreclosures, but less than half of loan modifications made at the end of the year actually reduced borrowers' payments by more than 10 percent, according to data released by the Office of the Comptroller of the Currency (OCC) and the Office...
U.S. accounting rule-makers bowed to congressional and financial industry pressure and will allow more flexibility in valuing toxic assets -- a move expected to boost bank earnings and improve their capital levels as early as the end of the second quarter of 2009.
Leaders at the G-20 summit on Thursday issued details of an unprecedented package of measures to tackle the global economic recession. The deal, which was agreed upon by the leaders of the world's 20 largest economies, included reform of the international banking system and an injection of more than $1 trillion into...
There are new signs the recession could be near bottom. The signs shown on Thursday: Factory orders were up more than expected, and the Dow Jones industrial average swept over the 8,000 mark for the first time in two months.
It's a simple proposition for successful applicants to the Scholarship for Service (SFS) Program: Get your information security education paid for, and then come work for the U.S. government.
"It's one of the most generous scholarships I've ever seen," says Victor Piotrowski, Lead Program Director of SFS for the...
"Knowledge is the currency of the future," says Sidney Pearl, Global Director of Enterprise Security Solution management for the Unisys Global Financial Services business.
And according to the latest Unisys Security Index, Americans are getting much smarter - and more demanding - about the basic information...
Data privacy legislation -- the trend started in California and is being discussed heatedly in Massachusetts today. Data breach notification and privacy laws have now been enacted in 40 separate states, and government observers think we're close to seeing federal legislation proposed.
In an exclusive interview,...
President Obama packed his wish list for fixing financial markets and the global economy to the world stage, but is already facing a tough sell to other leaders. French President Nicholas Sarkozy is among those who aren't 100 percent sold on the American approach to stimulate the world's economies out of the current...
At a time when many businesses are contracting because of the recession, Investors Savings Bank in New Jersey is continuing to grow its consumer and commercial banking operations - and without federal government investment. The goal, says Kevin Cummings, President and CEO, is to be a different kind of bank - one that...
It is an age old question: Who really is in charge of security? A look back into history, one can see the origination of the word "password" and how it came from the guard at the gate of a city or castle, who upon approached, would say "Halt, who goes there?"
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