The failing economy and the Heartland Payment Systems data breach have focused all of us on the risks of fraud.
But what are today's biggest fraud risks to banking institutions, and how can these risks be mitigated?
In an exclusive interview, Steve Neville, Director of Identity Solutions with Entrust,...
Spring time in Washington D.C. used to be marked by the pink and white splashes of color of the cherry trees that line the Potomac and the Tidal basin.
Now I suspect this spring (or possibly even sooner) we're going to see some color of a different kind in D.C. - the color red.
In addition to the well-publicized Heartland Payment Systems (HPY) data breach, an additional payment processor appears to have been hacked, affecting an unknown number of banking institutions, consumers and cards.
Two banking institutions and a state banking association have reported this new breach to their...
I read the news today, oh, boy.
About another credit card processor that supposedly has been breached, exposing consumers and cards to potential fraud.
This news comes almost a month exactly after Heartland Payment Systems (HPY) went public with news of its data breach sometime in 2008.
The number of financial institutions that stepped forward to say their customers' credit or debit cards were compromised because of the Heartland Payment Systems (HPY) data breach has now reached more than 500.
Little more than a month ago, on Jan. 20, Heartland, a Princeton, NJ-based payments processor, went...
Scores of banking institutions have stepped forward and said they and their customers have been impacted by the Heartland Payment Systems data breach. But what can and should they do to understand and respond to the breach?
In an exclusive interview, Doug Johnson of the American Bankers Association...
The number of identity fraud victims has increased 22 percent in the U.S., costing 9.9 million victims a total of $48 billion in 2008.
This is the news from the fifth annual Identity Fraud Survey Report from Javelin Strategy & Research. In an exclusive interview, James Van Dyke, Javelin founder and President,...
I had an interesting email from a colleague the other day. Turns out someone he knows had recommended that he read a post of mine from January in which I discuss the value (or lack thereof) of having controls in place that don't function. He wanted to let me know about the reach of BIS and let me know that our...
Interview With Dick Langford, VP, BB&T
What happens after a major security breach such as the Heartland Payment Systems hack? 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,...
The Heartland Payment Systems data breach is on everyone's mind, and the case is in the hands now of the Federal Trade Commission (FTC) if it chooses to investigate. While the FTC will neither confirm nor deny a Heartland investigation, staff attorney Alain Sheer does offer his insight on:
How the FTC investigates...
Times are tough, and we all continue to hear about the heightened risk of the insider threat. Granted, unauthorized insider access to data has always been a concern. But the concern is increased now because of the tremendous changes that we are seeing in the economy.
Information security companies reacted quickly to the news of the Heartland Payment Systems (HPY) breach. Here is a roundup of thoughts on the breach, recommendations on how to handle personal sensitive data, and what industry thought-leaders see emerging as a result of this breach:
Two Philadelphia law firms have filed class action suits on behalf of all cardholders in the U.S. who had their credit or debit card data stolen in the Heartland Payment System (HPY) data breach. This brings to three the total number of class action lawsuits filed against the Princeton, NJ-based payments processor.
The economy is down, phishing is up, and banking customers are increasingly targeted by multi-channel fraud schemes. Now, more than ever, customer awareness efforts are key for banking/security professionals.
The list of financial institutions impacted by the Heartland Payment Systems (HPY) breach now tops 220. In related news, three men in Florida were arrested earlier this week on multiple charges of credit card fraud, and some of the card numbers they allegedly used are tied to the Heartland hack.