Richard Swart: Hi. This is Richard Swart with the Information Security Media Group, publishers of BankInfoSecurity.com and CUInfoSecurity.com. Today, we are speaking with Steven Jones, the Director of Information Security at Synovus. Good morning, Steven.
Steven Jones: Good morning. How are you?
Swart: ...
Swart: And out of those 19 that had to close, did they institute an instant response plan, a business continuity plan, disaster recovery? Or do you know the level of response that they had to make?
Jackson: We don't know the exact level of response but we feel certain that they instituted at least a certain...
Swart: Well, speaking of accounting, a lot of executives are quite concerned that achieving ISO compliance, or excuse me, IS certification, will significantly increase their costs, and lead to the adoption of significantly more controls. Is that perception accurate?
Bernard: Actually it's not. ISO is a big thing...
Swart: I would like to start by talking about what are the personal risks that executives of financial institutions face if they fail to implement effective security or to comply with IT security regulations.
Herold: Well, there are many. It is first important though for the financial institution leaders to...
The Information Security Media Group, Corp.(ISMG) today announced the launch of its two redesigned websites, www.BankInfoSecurity.com and www.CUInfoSecurity.com. The redesign offers easier navigation throughout the sites and access to even more information on topics, events and regulations that affect financial...
Preliminary results of the nationwide pandemic exercise for the financial services industry were released recently, and show that while the industry itself is among the most prepared, there is still much work to be done for individual institutions to be fully prepared for a true pandemic disaster.
Michael Jackson, Associate Director of Technology Supervision of the FDIC, provides early data on the impact of the recent California wildfires, including:
Number of banks and other FDIC-supervised institutions impacted;
Specific guidance on what the FDIC expects in a business continuity plan;
Preview of the...
Richard Swart: When you say operations were affected, was it just having to shut down their branches, or were they actually having to go into a full disaster recovery mode?
William Henley: Well, we had two thrifts: One thrift implemented its disaster recovery plan, but it did not have to relocate; and the other...
Swart: Let’s start talking about risk management, but rather talking about traditional issues of information and business impact analysis. I was wondering, is there some fundamental question or fundamental process that banking and finance executives should start with when they start thinking about risk...
What is the biggest lesson learned from the fast-moving wildfires that scorched a seven-county wide swath of Southern California in late October? “Have a plan.â€
When it comes to information security, there are as many ways to go wrong as to go right. That is why, before a financial institution attempts to implement and improve its security risk management process, it must examine its fundamental level of maturity. Is the organization ready for risk management?
It’s hard enough to secure the data you control. But how about when your employees are running around plugging in unapproved USB drives into computers and sending out unencrypted sensitive information in emails to customers, putting your institution at risk for a data breach?
Know What Assets You Have and Where They Are – This may sound very basic, but after one laptop turns out to be missing, the basics look like very good rules to follow
Interview with William Henley, Director of IT Risk Management, Office of Thrift Supervsion (OTS)
In this interview, Henley discusses the impact of the California wildfires and reports on the number of thrifts that activated their incident management and disaster recovery plans. Henley also discusses the critical...
John Pironti discusses the fundamental steps that a financial organization must take to design an effective risk management program. He emphasizes the danger of focusing on the technology, instead of on the data flows in an organization. In this interview, you will learn strategies to minimize your risk from data...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
