Imagine the scene – it is the final battle of a prolonged war. No, we’re not talking about the Iraq war, this war is against your financial institution, and the last waves of enemy soldiers (hackers or other evildoers) are crashing in to take over customer data or computer networks. There are many...
Have you sat down in front of your screen and tried to discover why it is taking forever to download or you've found while troubleshooting there's been something added to the numerous operations that your PC computes? It may turn out to be that the source of your PC's slowing is spyware, software that was installed on...
When talking about data breaches and the need for security, whenever credit or debit cards are mentioned, the words "Payment Card Industry Data Security Standards" will appear. This apparently causes many in the financial services and retail industries to reach for that bottle of aspirin and a glass of water....
It’s an often heard comment by those in the banking industry -- the need for consistency in the examination processes that institutions must undergo. That message is being heard, and acted on. With the recent announcement by U.S. Treasury Secretary Henry Paulson of an initiative to ensure that compliance...
Research reveals that despite the importance internal auditors and corporate compliance professionals put on making sure the right controls are in place for access to systems and data, 70 percent of respondents in a recent survey of auditors said it is critical to IT compliance, the majority said there are...
Researchers from New Zealand’s Honeynet Alliance report that anyone is at risk on the internet. More increasingly attackers are now part of organized crime, set with the intent to defraud their victims.
The attackers goal: Deploy malware on a victim’s machine and to start collecting sensitive data,...
While many computer users have sent them in the past, the future of E-cards (or electronic greeting cards) may be dimmed because of the recent use of them in scams targeting consumers. Financial institutions need to educate their employees and customers more about the dangers of opening electronic greeting cards....
The number of financial institutions signed up for the upcoming nationwide pandemic exercise for the financial services industry is more than 1,200 firms. The exercise, slated to run over a 3 week period beginning on September 24, will allow financial institutions to test their business continuity plans and response...
RICHARD SWART: Hi this is Richard Swart with Information Security Media Group publishers of BankInfoSecurity.com and CUInfoSecurity.com. Today we’ll be speaking with James Kist who is a senior consultant for Icons Inc. He has more than 15 years experience in information technology and has authored courseware...
With identity theft topping the Federal Trade Commission's list of US consumers complaints, the release of a new report issued by a leading consumer advocacy group that puts a price tag of more than $7 billion on the cost of cybercrime to the US consumers is not a surprise to many familiar with the identity theft...
The idea of having as many eyes and ears on the street is any police officer’s dream come true. The same idea applies to information security officers at financial institutions. What would you think if you could add to your headcount exponentially? Unless your senior management is on a spending spree that...
How would your employees respond to a phishing email? Would they immediately forward it to your information security officer, or would they shrug it off and hit the delete key? What if they receive a call or voice message from someone asking for what (at the time) seems to be innocuous information on a customer? Have...
Every time I see the movie “Rebel Without a Cause†I think what James Dean’s character would end up like when he went into the workforce. And I wonder how long he would last at most financial institutions.
Do you, as a information security professional feel like you’re surrounded by rebels...
Information about the threats of identity theft seem to be everywhere -- media headlines, websites, billboards, television ads, and your financial institution has probably warned its customers of the problem.
The real question is – how bad is the problem? When you compare studies and reports, it can yield...
Employees play an integral role in protecting the assets of an institution, and as such, need to be adequately trained and made aware of the basic security practices which are frequently overlooked. A set-it and forget-it approach "we're protected because we have a firewall" to information security ignores end-users,...
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