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.
Bankers aren't waiting for the FFIEC to act on the release of its updated online authentication. Instead, they've already begun to comply with the major points recommended in the draft. And the death of Osama bin Laden has heightened concerns terrorists' efforts to launder money through legitimate banking channels.
Wire fraud incidents from China prove current security measures, including multifactor authentication, are too easy to bypass. And security pundits say it all points back to why the financial industry needs more guidance about adequate online security.
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.
After firing off a letter to Apple Computer CEO Steve Jobs that questions the secret tracking, Sen. Al Franken schedules a May 10 hearing before a Senate Judiciary subcommittee he chairs on protecting mobile privacy.
North American Clearinghouse Association, not the government, led the effort to move Food Stamps to e-payments. That's what the government wants to do with the National Strategy for Trusted Identities in Cyberspace initiative, the fed's NSTIC point man says.
About the same percentage of respondents cite China as a major source of concern for cyberattack as they did a year ago, a McAfee study reveals. What changed? Concern about the U.S. has declined, says study author Stewart Baker.
Key questions: What impact - if any - will the recent RSA and Epsilon data breaches have on the FFIEC's pending authentication update? And when will this long-awaited banking guidance finally be released?
Physicians who use social media to discuss their work, even without naming patients, risk privacy violations, a recent case in Rhode Island clearly illustrates. The case is an eye-opener for all clinicians about social networking risks.
Top executives seek the CISO's advice to help determine whether cloud computing benefits outweigh the risks. Here are the top five cloud security risks and concerns CISOs must discuss with their leaders.
While the cause of the Epsilon e-mail breach has not been publicly disclosed, the incident's aftermath has seen a growing list of organizations impacted by the breach. It also has ignited a new debate about the sensitivity of e-mail addresses.
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