The fear of job losses and more hard times kept consumer confidence at a near record low last month, according to the Conference Board's consumer confidence index. The index increased to 26 in March from a revised 25.3 in February, the lowest reading since data began being recorded in 1967.
The National Security Agency (NSA), through the National INFOSEC Education and Training Program (NIETP), identifies 95 universities that conform to its standard for acceptable programs in information security today. Criteria for that determination are derived from recommendations of the National Security...
In the five months since the compliance deadline for the Identity Theft Red Flags Rule, banking institutions generally are compliant. But examiners are finding issues with security awareness and vendor management.
This is the initial report from the Federal Deposit Insurance Corporation (FDIC), the largest U.S....
Treasury Secretary Timothy Geithner has now outlined the Obama Administration's plan - this time with specificity -- to buy up bad bank assets and ease the credit crunch. But what's it mean to individual financial institutions?
In an exclusive interview, John Jay of Aite Group discusses:
First reactions to...
The financial markets responded positively to Treasury Secretary Timothy Geithner's newly-announced plan to buy up bad bank assets and ease the credit crunch. And so does industry expert Peter Vinella, global head of consulting for LECG's financial services sector, who likens it to a "financial Marshall Plan" for...
The National Association of Realtors reports that sales of vacation homes and investment properties slid 30 percent last year, as tough economic conditions and tight lending requirements shut out buyers.
Endpoint virtualization is one of the hottest emerging technologies for financial institutions, which are looking to maximize secure access to and management of key applications - while also controlling costs.
In this Emerging Technologies Insights panel, we hear from:
Matthew Speare of M&T Bank on how a banking...
Omni National Bank of Atlanta, GA was closed on Friday and is the 21st bank to fail in 2009. The bank was closed by its federal regulator, the Office of the Comptroller of the Currency. The OCC appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. For one month, the FDIC entered into an agreement...
The Obama Administration has stepped forward with its plan to rebuild the troubled U.S. financial system. And the market has responded by retreating. Where did the Administration go wrong with its announcement this week, and what does the economy truly need to start to rebuild liquidity and confidence? In this...
Several top Federal Reserve officials said on Thursday that the long lasting economic downturn in the country may be in its final stages. They warn that the early stages of recovery won't be pretty.
Dallas Fed President Richard Fisher, the self-described most pessimistic member of the Federal Open Market Committee,...
Identity and access management (IAM) deals with how users within an organization are given an identity - and how it is protected, including saving critical applications, data and systems from unauthorized access while managing the identities and access rights of people both inside and outside the...
Treasury Secretary Timothy Geithner plans to show his plans for reforming financial regulation during testimony before the House Financial Services Committee today. Geithner's four-part plan will address systemic risk, regulatory gaps and holes in the regulatory system, stronger consumer and investor protection and...
The down economy pressures organizations to reduce operational expenses and discard many capital-intensive IT and security projects. What gets left behind often is a skeletal staff dealing with very basic day-to-day IT functions, with no time or resources to dedicate toward compliance, audit and core security...
Fearful of man-made, natural and pandemic disasters, organizations everywhere are adopting or improving business continuity/disaster recovery programs.
And at Norwich University, there now is a Master's of Science in Business Continuity program for mid-career professionals to hone their skills in this in-demand...
Treasury Secretary Timothy Geithner asked Congress on Tuesday for new regulatory authority over non-banking entities, including insurance companies such as AIG.
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