Keeping data secure is the greatest challenge during any merger or acquisition, and the first critical step is figuring out which confidential information could be at risk of exposure.
Business associate agreements should set clear expectations for breach notification to help ensure compliance with the HITECH Act, says regulatory expert Christopher Hourihan.
Healthcare organizations need to go beyond writing good business associate agreements to develop a comprehensive vendor management program that helps minimize risk, experts advise.
Jeff Kopchik of the FDIC says too much emphasis on what's "missing" from the FFIEC's new guidance detracts from regulators' intent: providing financial institutions with a guideline for securing online transactions.
The release of the list coincides with the issuance of the Common Weakness Scoring System that allows software makers to identify vulnerabilities in their programs and buyers to determine software they acquire is secure.
Banks need to take a proactive approach toward improving their business continuity planning, and that includes updating services and evaluating business-impact assessments, says Donald Saxinger of the FDIC.
The FDIC's Donald Saxinger says vendor management programs are getting more scrutiny from regulators, especially in areas of emerging technology, such as cloud computing and mobile banking.
Working with business associates to prevent health information breaches requires far more than writing detailed contract terms on privacy and security, says regulatory expert Christopher Hourihan.
FDIC examiner Donald Saxinger says cloud computing can pose challenges when it comes to business continuity during disasters. Proactive vendor management, he says, is the best way to address potential hiccups before they become big problems.
As emerging technologies such as cloud computing and mobile banking become the norm, the FDIC's Donald Saxinger says vendor management programs must specifically address the outside risks posed by working with non-traditional financial services providers.
After one commercial customer fell victim to corporate account takeover, this institution suffered significant losses and learned that legal disputes rarely favor the bank.
The FDIC's Donald Saxinger says vendor management programs are getting more scrutiny from regulators, especially in areas of emerging technology such as cloud computing and mobile banking.
Many organizations are considering migrating from proprietary technologies to those based on free, industry-wide standards. This will not only carve out IT costs, but also help scale your IT ecosystem and potentially improve performance. To better understand the customer migration experience, the Harvard Research...
In the wake of the RSA, Epsilon and Sony PlayStation data breaches, we spoke to two global information security leaders and asked for their three biggest leadership lessons learned. Here is what they shared.
A focus on cost and speed, not on data protection, creates a security hole, a survey of cloud computing service providers reveals. Nearly two-thirds of providers say they aren't confident cloud apps are sufficiently secured.
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