The Congressional Research Service recently released a report that provides an overview of state laws on identity theft. It discusses state laws that penalize identity theft, as well as state laws that assist identity theft victims, including those that permit consumers to block unauthorized persons from obtaining...
The science fiction movies from the 1960s had talking computers that interacted with humans. That was considered a far-fatched idea in its time, but the current state of technology for voice biometrics and voice recognition has brought the standard up to a level where banks, including major international entities as...
Phishing -- It’s not a matter of if it will occur at your institution -- expect phishing to happen at your institution. Phishers are not dumb. They head toward where the money is – in the customer accounts at banks and credit unions.
So what does a typical attack look like? First, they swoop in, throw...
A phishing incident response plan for financial institutions isn’t written just for good business practice, it’s also a regulatory requirement too.
While it is a challenge to put an incident response plan that meets your regulator’s minimum requirements, you also want to have a well thought out...
Ever since there have been banks, there have been bad guys trying to get the money out of them. With the rapid growth of technology, we need to not only look at our physical risks, but all of the technology we have come to live with, or that we can’t live without at our institutions.
Financial institutions need intrusion detection systems that incorporate wireless
The biggest credit-card hacking incident in history exploited a weakness in wireless network security that could have easily been fixed. The lesson for financial institutions is to plug all such weaknesses before wrongdoers discover...
Certifications are highly sought after by job seekers and employers. They are a major criterion for hiring qualified security professionals, a practice followed by most companies. The challenge for employers, and the key point, is to understand what a specific certification signifies- If a certification along with...
The focus on information security is not just a passing phase”we have seen it sustained over the past couple of years, and it continues to grow. So you can now begin to place yourself in a position to become that ideal security professional as this role evolves and expands more so for banking and financial...
At your financial institution, what would you consider as your worst threat for data loss? Hackers? Let’s face it, everyone who is trying to breach your defenses really just wants to join those insiders who are already running amuck on your network. If you’re not cognizant of the insider threat in your...
In spite of doom-and-gloom predictions following the FFIEC’s guidance announcements, financial institutions are able to balance convenience with security
As many U.S. banks and credit unions turn a corner on two-factor authentication deployments precipitated by last year’s Federal Financial Institutions...
It's always sitting there like the 800-pound gorilla in the room - the upcoming IT Audit at the institution. No one asks if it's still there, because we all know it is. We've all gone through at least one IT audit, some successfully, others of us have been handed a list of recommendations from our auditors. One of the...
We’re all guilty of it. The conversation at the table next to you in the fancy restaurant is sounding interesting and as you’re sitting nearby, you can overhear the people as they talk. Sometimes it’s innocuous tidbits of family life, other times it’s more important information, like say,...
Common sense is something all bank directors are expected to possess, bank directors with years of experience seem to be brimming with it. But if you’re a new, or relatively new appointment to a board of directors at a bank,
One of the best ways financial institutions have of protecting critical infrastructure is to monitor system logs, which contain a gold mine of information about the health of the network.
In what is being described as a “wow†product in the growing line of multi factor authentication products being developed to meet increased regulation for stronger authentication, VeriSign Inc., announced its partnership with Innovative Card Technologies, Inc., the developer of the ICT DisplayCard, to...
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