Heartland Payment Systems, the sixth-largest payments processor in the U.S., announced Monday that its processing systems were breached in 2008, exposing an undetermined number of consumers to potential fraud.
Meanwhile, Forcht Bank, one of the 10 largest banks in Kentucky, told its customers it would begin...
Reported data breaches increased by nearly half in 2008, and 12 percent of the total hacks were at financial institutions - up from 7 percent in 2007.
This is the news from the Identity Theft Resource Center's (ITRC) 2008 breach report, which shows that 2008's 656 reported breaches were up 47 percent over 2007's...
Check fraud. Crimes against children and the elderly. These are among the current faces of Identity Theft, and experts expect to see even more of these opportunistic crimes in 2009.
To help prevent these crimes - and to help banking institutions to protect their customers - Linda Foley, founder of the Identity...
A Unified Approach for IT, Audit and Operation Teams
Are you confident your network is secure and meeting IT security policies?
Does your organization have an internal security policy?
Can you measure and enforce your IT compliance against that policy?
Are your critical security risks being identified and...
High-privilege administrative accounts hold the keys to gain access to the most sensitive IT processes and proprietary data - yet this level of access is far too often based on little more than trust alone. In this whitepaper, Enterprise Management Associates (EMA) examines this critical issue in IT security...
This whitepaper presents an overview of the security options that can help thwart fraud today and into the future, including multi-factor authentication and fraud detection solutions. With a clear understanding of the tools available and a way to effectively begin and evolve, organizations can take the essential steps...
Resource allocation - the people, places and things - is one of the most overlooked aspects of Business Continuity planning.
In this exclusive interview, crime and information security expert Dana Turner offers insights on:
What resource allocation truly means for financial institutions;
Unique challenges...
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their customers and critical financial/informational...
A former Countrywide Financial Corp. employee was arrested by the Federal Bureau of Investigation earlier this month in Los Angeles for stealing and selling sensitive personal information, including social security numbers on an estimated 2 million mortgage loan applicants from around the country for the last two...
Interview with Cyber Crime Expert Eric Fiterman
In the wake of the arrests of 11 hackers tied to the TJX data breach, security experts everywhere are warning of bigger, bolder threats to come.
So, what should banking institutions have learned from TJX-style breaches, and what can they do now to protect their...
This week's arrest of 11 alleged hackers accused of stealing more than 40 million credit and debit card numbers may be only the "tip of the iceberg," security experts say.
In the largest identity theft case ever prosecuted by the US Department of Justice, 11 alleged hackers from around the globe face up to life in...
Was it the largest synchronized security update in the history of the Internet?
On Tuesday, a coordinated patch was released by security researcher Dan Kaminsky of IO Active, fixing a vulnerability that exists in all Domain Name System (DNS) servers.
What does that mean for financial institutions? Patches are...
Financial institutions are increasingly better prepared for a pandemic disaster, but cyber security attacks are a growing concern.
This is the message from the current and past chairmen of the Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC).
George...
The Federal Reserve Banks have 12 information security control deficiencies that must be improved, according to a new report from the U.S. Government Accountability Office (GAO).
On Monday, June 16, the GAO issued its annual audit report in connection with its requirement to audit the financial statements of the...
The Federal Deposit Insurance Corporation (FDIC) has made progress with its internal security controls, but still needs to make significant improvements to its security management practices.
This is the key finding of a recent report issued by the Government Accountability Office (GAO) in an audit of the banking...
