The PATCO fraud dispute could have been settled in 2009, says co-owner Mark Patterson. Why did the case drag on, and what can banking institutions and fraud victims learn from PATCO's recent settlement?
South Carolina's Revenue Department went nearly a year without a chief information security officer before its tax system was hacked this summer. The agency's chief says the state couldn't find a qualified candidate for the job that pays $100,000 a year.
An insider fraud scheme at a financial institution highlights how executives with too much power can abuse the system. What steps could have been taken to prevent the losses that ultimately led to this institution's failure?
Small attacks aimed at merchants are proving the most fruitful for hackers, recent analysis from Verizon shows. But risk expert Wade Baker says there are steps banking institutions can take to respond.
Given the magnitude of sensitive information on Social Security Administration computers, the inspector general says, any loss of confidentiality, integrity or availability of systems or data could have a significant impact on the nation's economy.
The recent wave of DDoS attacks against top U.S. banks is a wake-up call for organizations that are ill-prepared to fight against such an attack. NIST's Matthew Scholl offers strategies to mitigate the threat.
Developing a bring-your-own-device
policy that's well-integrated with an organization's overall information security strategy requires a multi-disciplinary, collaborative approach, says attorney Stephen Wu.
Credit and debit fraud is growing, and that uptick is leading to the loss of customers for issuing banks. But a new global study finds consumers want to work more with institutions to detect and prevent fraud.