Say the words $50 billion. Sort of rolls off your tongue. I'd be really upset if my family, firm or investment company had invested money with Bernard Madoff's alleged Ponzi scheme. It is shaping up to be one of the biggest investment frauds ever.
I've heard that timing is the key to comedy; it may well be true for information security as well.
Late last week I'd sent an email to the BIS (BankInfoSecurity.com) team suggesting that they consider publishing a piece about phishing. I've been getting clobbered with a wide-range of phishing emails over the past...
From Hannaford Brothers to Countrywide, this year has been full of stories of criminal activity on the Internet, with hackers and phishers wreaking havoc on computer systems and consumers, causing credit and debit fraud numbers to soar.
What does next year hold for fraud against financial institutions? Here are 10...
Check fraud. Crimes against children and the elderly. These are among the current faces of Identity Theft, and experts expect to see even more of these opportunistic crimes in 2009.
To help prevent these crimes - and to help banking institutions to protect their customers - Linda Foley, founder of the Identity...
When most financial professionals think of the recently enacted ID Theft Red Flags Rule, they shudder, then groan. You know the feeling of that regulatory burden on your shoulders. Another regulation to comply with; when will it stop?
I just concluded a strange twenty-four hour period as relates to current events.
It started on Monday evening, when I read an Associated Press story online about how the Bush administration ignored the developing problems in the financial markets.
In response to heightened interest from readers who need the latest banking/security news in these turbulent times, Information Security Media Group (ISMG), publisher of BankInfoSecurity.com and CUinfoSecurity.com, is immediately opening access to all of its news articles.
Whereas before only registered subscribers...
Red flags, vendor management, business continuity and disaster recovery. If banking/security leaders thought that 2008 was a challenging year for keeping up with regulatory mandates, the old rock and roll song's lyrics say it best: "You ain't seen nothing yet."
Based on expert insight, the following 10 regulatory...
I'm excited about the news we're announcing today re: opening access to all of the articles on our site.
With more people able to view our stories w/o first having to register or log in, that will enable more opportunities for folks to comment on our stories, which then fuels one of my favorite parts of this job:...
What better time to be discussing identity theft?
It's Cyber Monday today - the day designated as the official start of the online holiday shopping season - and if we've learned anything in recent weeks, it's that tough economic times heighten the risk of crimes such as identity theft. So, now is a great time to...
An unpredictable market, a new financial services landscape, and an incoming Democratic administration.
This year has been full of change, and the New Year promises even more. To gain some perspective on banking/security priorities in 2009, we spoke with Christine Barry, Research Director, Aite Group LLC, who...
Interview with Dave Jevans, Chairman of the Anti-Phishing Working Group
Amidst the volatility and confusion in the marketplace, the threat of fraud is heightened - which means ... beware of phishing.
In this exclusive interview, Dave Jevans, chair of the Anti-Phishing Working Group, discusses:
The state of...
Financial institutions that want to help their customers avoid the season's thieves online will be ready & willing - ready with advice and willing to answer questions.
Here's a list of some of the top advice from computer security vendors and experts for those brave souls that will venture into Cyber Monday...
The holidays are here and the "Black Friday" of the online shopping world -- "Cyber Monday" -- is December 1. The Monday after Thanksgiving is one of the biggest online shopping days of the year. According to the 2008 eHoliday Study by Shop.org, cost-conscious shoppers are making their way online, and retailers expect...
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