Congress should consider enacting legislation allowing the government to regulate how the private sector handles and stores data to battle the growing problem of data breaches, Rep. Yvette Clarke says.
Over the past two years, the Financial Crimes Enforcement Network (FinCEN) has been talking with large institutions about how they're performing anti-money laundering programs and complying with the Bank Secrecy Act (BSA).
On Tuesday, FinCEN Director James Freis released the findings in a report, "Financial...
Governance, risk and compliance - GRC - are priorities for information security leaders of all organizations. And these priorities have only been underscored by the economic recession and elevated scrutiny of businesses and government agencies.
In an exclusive interview on GRC trends, Chris McClean, analyst with...
The Federal Deposit Insurance Corporation (FDIC) recently established an Advisory Committee on Community Banking. One of its 14 committee members is Charles Brown, chairman and CEO of Insignia Bank in Sarasota, FL.
A fresh string of phishing attacks have struck financial institutions nationwide over the past two weeks, with customers of 10 banks and credit unions in California, New York, Pennsylvania and Wisconsin receiving fraudulent text messages or automated phone calls.
These incidents are concurrent with a new report...
An international phishing operation was smashed on Wednesday by the US Federal Bureau of Investigation and law enforcement in Egypt.
The case called "Operation Phish Phry" has the largest number of defendants ever charged in a cyber crime case. A total of 53 people across the country and 47 people in Egypt were...
Interview with Dave Jevans of the Anti-Phishing Working Group
On Oct. 7, the U.S. government announced the results of "Operation Phish Phry," which saw 100 suspects in two countries charged with being part of a major multinational phishing ring.
And although these indictments are the most ever in a cyber crime...
There is no such thing as the hack-proof computer.
Once we accept that reality, the next challenge is to acknowledge that a certain amount of IT risk is a part of conducting business. Risks also come in many different forms. I'm often asked which is worse -- regulatory, policy or compliance risk? I believe it may...
Money-laundering is one of the most common and complex financial crimes to be committed. Learn exactly what you need to know about the specific statutes and regulations that govern the crime.
Register for this webinar to receive first-hand advice from a veteran anti-money laundering investigator on:
Key...
Money-laundering is one of the most common and complex financial crimes to be committed. Learn exactly what you need to know about the specific statutes and regulations that govern the crime.
Register for this webinar to receive first-hand advice from a veteran anti-money laundering investigator on:
Key...
Bogus security software applications are among the types of electronic crimes that grew 585 percent over the first half of this year, according to a new study.
The Anti Phishing Working Group's (APWG) latest report shows that rogue anti-malware programs, infected computers and crimeware broke new records in the...
It's been a year since the financial services industry was first rocked by the global recession. The 'crisis of confidence' resulted in scores of bank failures, major mergers and acquisitions, and a very public cry for regulatory reform.
Three more banks were closed by state and federal regulators on Friday, Oct. 2, raising the year's tally to 112 failed institutions.
Warren Bank of Warren, Mich., Jennings State Bank of Spring Grove, Minn., and Southern Colorado National Bank of Pueblo, Colo., all were closed and their deposits acquired by other...
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