State agencies transferred information containing unencrypted, personal information to unsecured servers between January and May 2010, but the exposure was not discovered until two weeks ago, Texas Comptroller Susan Combs says.
Sens. John Kerry and John McCain introdcued legislation that would balance individual privacy rights while allowing businesses to collect consumer information that could be used to market products and services.
Most furloughed federal employees would have had to turn in their BlackBerries and other mobile devices in a U.S. government shutdown. Just as well, using the technology could have resulted in an employee landing in the slammer.
NACHA has posted an alert about a targeted phishing scam that appears to be hitting recipients up for ACH transaction details. Reports of phishing e-mails appearing to be from the Internal Revenue Service have also cropped up this week.
After the revelation of Operation Aurora, the term began to take on a different meaning. "In essence," IBM's X-Force report says, "APT became associated with any targeted, sophisticated or complex attack regardless of the attacker, motive, origin or method of operation."
Fraud, risk management emerging technologies -- these issues know no boundaries. That's why we're launching a series of new international BankInfoSecurity sites to draw proper attention to local issues that impact the global banking industry.
Banking/security leaders aren't crazy about banking regulators telling them they could have done a better job detecting ACH fraud, and they're eager for more specific guidance on what to do going forward.
Recent incidents of corporate account takeover have pushed regulators, associations and practitioners to call for greater awareness and more collaboration between commercial customers and banks. But is there an ROI to enhanced awareness?
Speculation about the pending update to online authentication guidance has been circulating around water coolers for months now. "A [disclosure] like this could make it more challenging for the regulators," says attorney David Navetta.