Michael E. Fryzel, Chairman of the National Credit Union Administration (NCUA), has proposed a new Consumer Protection Office within the credit union regulatory agency. In an exclusive interview, Fryzel discusses:
Details of his proposed Consumer Protection Office;
Timeline for discussion and possible adoption of...
Risk management is a common theme across and within businesses, and at North Carolina State University the Enterprise Risk Management (ERM) program is attracting notice from prospective employers and students alike. Mark Beasley, head of the school's ERM initiative, discusses:
What makes the program unique;
The...
Want to work in information security within the Defense Department (DoD)? Then you either have the appropriate professional certification when you start the job, or you attain one within six months.
"Prospective candidates for DoD jobs cannot be denied a job if they don't hold the certification," says George Bieber...
How strongly do consumers embrace electronic bill payments, and do they really want mobile banking as much as industry analysts say they do?
These were the questions on Dennis Simmons' mind when his trade organization, SWACHA, the electronics payments resource, launched a recent survey on consumer usage of...
Vendor Management: Banking/security leaders all know they need to get a better handle on it - but how?
Charlie Miller, former director of vendor governance at Merrill Lynch, offers his insight on improving vendor management, including:
The biggest challenges facing banking institutions;
Where to start the...
Government websites in the United States and South Korea have been attacked, and the South Korean government believes North Korea is behind these virtual assaults.
With the U.S. Supreme Court's ruling on Cuomo v. ClearingHouse, the door is now wide open for state attorneys general to step in and monitor regulatory compliance at national banks. And according to Gregory Taylor, VP and associate general counsel at the American Bankers Association, this new scrutiny could come soon....
In another high-profile insider theft case involving a financial services company, the U.S. Justice Department and FBI agents arrested a former Goldman Sachs computer programmer on July 3, charging that he stole computer codes linked to the Wall Street trading firm's high-speed transaction platform.
According to...
Should individual states mandate that businesses comply with the Payment Card Industry's Data Security Standard (PCI DSS)?
The answer is "yes," according to Nevada, which has passed a new law that, as of next year, requires businesses to comply with PCI when collecting or transmitting payment card...
In the first step of its move toward end-to-end encryption, Heartland Payment Systems (HPY) last week completed the first phase of its pilot project.
Heartland, the sixth biggest payments processor, earlier this year announced that it was hit with a data breach, wherein credit card numbers and debit card...
The July 4th holiday weekend started off with a bang late Thursday when federal regulators announced the closings of seven banks - six of them in Illinois, one in Texas.
The seven failed institutions include: Founders Bank, Worth, IL.; Millennium State Bank of Texas, Dallas, TX; The First National Bank of Danville,...
You've spent years in information security, toiling your way to the top - to the CISO role. What's next? What are your career options, and how should you prepare for exploring them?
Jennifer Bayuk is the former CISO at Bear Stearns & Co. She became an independent consultant after the company was acquired by...
So, the Obama administration has presented its cybersecurity plan establishing the practice as a major, new national priority.
What does this mean for information security careers?
Security experts that work closely with the government offer insights on the direction the new administration has taken regarding...
The board of the Federal Deposit Insurance Corp. (FDIC) on Thursday voted to ask for comment on a proposal that would set higher limits for private equity firms purchasing failed banks. Under the proposal, private equity investors that would want to buy any failed banks would be limited from lending to investors and...
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