"The cloud is not such a special technology necessarily that it is exempt from a security perspective, but is just another implementation of IT, and is a natural evolution of where we come from," Federal CIO Vivek Kundra says.
In separate interviews, attorney Tom Maxwell and Marcus Vander Wall of the NCUA discuss how banking institutions can fight back against mortgage fraud.
The FTC says that consumers were hit with one-time charges of $10 or less, and then their payments were routed through fake corporations to Eastern European and Central Asia bank accounts.
According to FTC spokesperson Frank Dorman, this agreement has no bearing on state-chartered credit unions or any other entities, which still face the Dec. 31 enforcement date.
The payment card industry is constantly challenged by a shifting terrain of fraud attacks. In recent years, attention has focused on massive breaches of cardholder data occurring through retailers and other institutions. But we're now seeing an abrupt rise in the incidence of card compromises resulting from attacks on...
Already in the first six months of 2010, financial institutions have been involved with more than half the total data breaches they suffered in 2009 - and experts don't see the pace decreasing.
Cybersecurity Coordinator Howard Schmidt unveils a White House blueprint to create an online environment where people and business can complete transactions in confidence.
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