I'm experiencing the New Year's phenomenon. That's what I call the very early part of each year when I struggle writing the correct date on things like checks, forms and the many other documents that require it.
Reported data breaches increased by nearly half in 2008, and 12 percent of the total hacks were at financial institutions - up from 7 percent in 2007.
This is the news from the Identity Theft Resource Center's (ITRC) 2008 breach report, which shows that 2008's 656 reported breaches were up 47 percent over 2007's...
The U.S. economy will probably deteriorate further this year, and unemployment will rise into 2010, says the U.S. Federal Reserve. The central bank says it expects GDP to decline this year, according to minutes from the Federal Reserve Board's meeting in December.
Not only is it an interesting time to be in banking; it's an interesting time to be learning about banking.
Dr. Stephen Happel is Professor of Economics at Arizona State University, and he's also a longtime instructor at the Pacific Coast Banking School in Seattle. In this exclusive interview, Happel...
Elsewhere you've read about the major news, newsmakers and security breaches of 2008. Here's a light-hearted look at some of the more strange, bizarre and down-right dumb bank robberies of the past year.
The U.S. Treasury Department gave details on Monday of a $15 billion investment in seven banks made through its Capital Purchase Program.
Treasury created the Capital Purchase Program, a part of the Troubled Asset Relief Program (TARP), to help to stabilize and strengthen the U.S. financial system.
Stupid robbery attempts are always funny, but when they happen in your backyard, well, they're even funnier.
A few weeks back, near my home in New Hampshire, a would-be robber held up a local Citizens Bank branch, and he attempted to get away with an undisclosed amount of cash.
OK, welcome to the first full work week of the New Year.
Holidays are over, 2008 is behind us, everyone is back at work this week. What's on the agenda?
Following is a list of seven key priorities - your Risk Management Marching Orders for 2009.
The Federal Deposit Insurance Corp. (FDIC) announced on Friday it has made a deal to sell failed mortgage lender IndyMac to a group of private investors for $13.9 billion. It will cost the FDIC $8.5 billion to $9.4 billion in one of the most expensive bank collapses in history.
Regulatory compliance is the backbone of a financial institution's information security program. But compliance alone isn't enough, says John Pironti of ISACA's Education Board, who advises institutions to take a risk-based, not a "checklist-based" approach to security.
The completion of the acquisition of Merrill Lynch on Thursday makes Bank of America the largest U.S. bank, nudging JP Morgan Chase and Citigroup out of the top spot with $2.7 trillion in assets.
We've already discussed some of the biggest news and breaches of 2008. But what about some of the people who made the news?
Following is a look back at some of 2008's major newsmakers - and where they are today.
From Bear Stearns to IndyMac, Eliot Spitzer to Bernard Madoff, AIG to WaMu, BCP to TARP...2008 has been an historic year for banking institutions. And everybody from regulatory examiners to practitioners and service providers looks forward to closing the books on the old year and ringing in the new.
As we head into...
Failed banking institutions - the one number that continued to grow all year.
After a year in which only three banks closed (and none the two years prior), 2008 saw 25 banks and 15 credit unions shuttered. Following is a list of the 40 banking institutions that failed in 2008.
U.S. markets close out 2008 trading on Wednesday, as futures show a mixed opening. Foreign markets were up mostly higher, including Toyko and Asian markets ending 2008 higher in the final day of trading.
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