Interview With Dick Langford, VP, BB&T
What happens after a major security breach such as the Heartland Payment Systems hack? How do banking institutions go about notifying their customers - whose responsibility is it?
At BB&T in Winston-Salem, NC, the role is filled by Dick Langford, Vice President and Manager,...
The Heartland Payment Systems data breach is on everyone's mind, and the case is in the hands now of the Federal Trade Commission (FTC) if it chooses to investigate. While the FTC will neither confirm nor deny a Heartland investigation, staff attorney Alain Sheer does offer his insight on:
How the FTC investigates...
Times are tough, and we all continue to hear about the heightened risk of the insider threat. Granted, unauthorized insider access to data has always been a concern. But the concern is increased now because of the tremendous changes that we are seeing in the economy.
Five financial institutions - four banks and one credit union - closed on Friday the 13th, an indication of continuing focus on the stability of the financial services industry.
The four banks were in Illinois, Nebraska, Florida and Oregon. The credit union was located in West Virginia. So far, 13 banks and two...
Information security companies reacted quickly to the news of the Heartland Payment Systems (HPY) breach. Here is a roundup of thoughts on the breach, recommendations on how to handle personal sensitive data, and what industry thought-leaders see emerging as a result of this breach:
Two Philadelphia law firms have filed class action suits on behalf of all cardholders in the U.S. who had their credit or debit card data stolen in the Heartland Payment System (HPY) data breach. This brings to three the total number of class action lawsuits filed against the Princeton, NJ-based payments processor.
The economy is down, phishing is up, and banking customers are increasingly targeted by multi-channel fraud schemes. Now, more than ever, customer awareness efforts are key for banking/security professionals.
In another installment of our ongoing series of discussions with banking leaders, John E. McWeeney Jr., Co-President/Co-CEO NJBankers, offers insights on:
The top issues of concern to NJ banking institutions;
Thoughts on TARP and other proposed banking assistance programs;
How banks are succeeding at bolstering...
In the public eye, the federal government's Troubled Assets Relief Program (TARP) is commonly referred to as the "banking bailout." But Alex Sanchez, President/CEO of the Florida Bankers Association, wants to disabuse people of that notion.
In this exclusive interview, Sanchez shares insight on:
The list of financial institutions impacted by the Heartland Payment Systems (HPY) breach now tops 220. In related news, three men in Florida were arrested earlier this week on multiple charges of credit card fraud, and some of the card numbers they allegedly used are tied to the Heartland hack.
Since the Heartland Payment Systems (HPY) data breach became "The Story," I've been trying to keep my distance from a blogging perspective, as it's being covered quite nicely elsewhere. Besides, I'm the regulatory compliance man in the field, and while this story certainly touches on related issues, it's off to the...
The numbers are staggering as we try to get a handle on exactly how many institutions, cards and customers have been affected by the Heartland breach.
One single institution's report of the number of cards compromised by the Heartland Payment Systems (HPY) data breach - 10,000.
By the latest count, the number of institutions that have informed their card customers and members that they were hit as a result of the Heartland Payment Systems (HPY) data breach has swelled to more than 678.
Heartland, the sixth-largest payments processor in the U.S., announced on Jan. 20 that its processing...
Last week a small credit union in Maine thought it had seen the last of the Heartland Payment Systems data breach that had affected 261 of its members' credit cards. Officials now report they weren't as lucky as they thought. The number of compromised cards now has tripled, and the fraud reported may top $70,000.
The price tag of the reworked stimulus bill is $789 billion. It could pass the House and Senate before the weekend and be ready for President Obama to sign by next week.
The stimulus bill was finalized on Wednesday after last-minute wrangling on details. Some of the details that are expected to be in the final...