Four banking institutions - two banks and two credit unions - were closed by state and federal regulators late this past week.
These latest closings bring to 24 the total number of failed institutions so far in 2010.
When it comes to protecting your organization and your customers from a data breach, what is considered "reasonable security?"
This question is at the center of several ongoing lawsuits, and how the courts answer it may be one of the biggest stories of 2010.
Shedding light on this hot topic is David Navetta,...
The Federal Trade Commission announced on Monday that is has notified nearly 100 organizations that their peer-to-peer (P2P) file-sharing networks have been sharing information with the wrong people.
It's been almost a year since the Financial Crimes Enforcement Network (FinCEN) issued its red flag advisory about foreclosure scams. Now it looks like the agency sees another spike in mortgage modification scams hitting the U.S.
The Federal Financial Institutions Examination Council (FFIEC) has issued an updated mortgage fraud prevention guide to help examiners understand, identify and detect these schemes.
At first this court case was a curiosity: Experi-Metal Inc. (EMI), a Michigan-based metal supply company, sued Comerica Bank, claiming that the bank exposed its customers to phishing attacks.
But now this story shapes up as a significant test case for the banking industry, raising several key questions that must be...
Four banks were closed by state and federal regulators on Friday, Feb. 19. The largest of the failed institutions was La Jolla Bank, a Pasadena, CA.-based bank with $3.6 billion in assets.
There have now been 21 failed banks and credit unions so far in 2010.
Spring is the season for the phishers to come and try to take advantage of to the unsuspecting public in the form of official-looking emails talking of tax refunds, as well as claims that the government has money waiting for them.
What's one of the biggest threats to Florida banking institutions? Regulatory reform, according to Alex Sanchez, head of the Florida Bankers Association.
"We're easy targets," says Sanchez, who fears Main Street institutions will take it on the chin from legislators for economic mistakes made by Wall Street and...
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