It was the scandal that rocked the banking world. French Bank Societe Generale recently revealed details of a disaster created by a rogue insider who cost the institution $7.2 billion in fraudulent trades. It was the biggest such scandal in history.
We recently spoke with Linda Najim and Jason Gaswirth of Diamond...
With the heightened demands of regulatory compliance and e-discovery, managed message security and archiving is a huge challenge for financial institutions. Read this interview for expert advice from Lee Rothman, Sales Engineer at MessageLabs Inc., on archiving, including:
Today's top challenges;
How other...
The insider threat is at the forefront of financial institution concerns these days, and a huge part of mitigating that threat is improving identity and access management. Read this interview for insights from Subhash Tantry, CEO of Fox Technologies, on:
Five principles of an effective access control management...
Security Strategies from Lee Rothman of MessageLabs
With the heightened demands of regulatory compliance and e-discovery, managed message security and archiving is a huge challenge for financial institutions. Listen to this interview for expert advice from Lee Rothman, Sales Engineer at MessageLabs Inc., on...
Howard Sprow, vice president of Business Continuity Planning for the Securities Industry and Financial Markets Association (SIFMA) is a long-time leader in emergency management issues in the financial services industry. Recently we interviewed him on SIFMA's work in business continuity and pandemic planning.
When it comes to pandemic preparation at U.S. financial institutions, it's a case of good news/bad news.
Bad news first: Many midsized and smaller financial institutions are not fully compliant with the recent FFIEC pandemic guidance and don't have formalized pandemic preparedness plans yet in place.
But the good...
Interview with Philip Alexander, Information Security Officer
Offshore outsourcing - it's a topic that stirs great debate among banking/security leaders. Proponents tout the potential cost-savings and easy access to top talent. Opponents point to cultural, infrastructural and, yes, security concerns inherent in...
Roberta J. Witty, CISSP and research vice president at Gartner, has more than 30 years of experience in information technology, including positions at major financial institutions. Witty recently chaired Gartner's Business Continuity Management summit held in early March. We caught up with her, and she shared her...
The hurricanes that devastated the Gulf Coast regions in the summer and fall of 2005 are nothing new to most people. The personal tragedies, loss of life and property were well documented by the national media.
But what about the story of one financial institution that weathered the storms and emerged intact - its...
Debit card fraud is one of the most prevalent security threats against banking institutions and customers alike. In this interview, Daniel McIntyre, information security and business recovery analyst with Superior Bank of Birmingham, AL., shares his insight on:
The magnitude of the debit card threat;
Strategies...
Identity theft can sometimes go unnoticed if the theft is small, or it can cost consumers tens of thousands of dollars and ruin credit scores for years. Below is information about identity protection to help reduce the risk of identity theft.
The good news is: The financial services industry is "head and shoulders" above other industries when it comes to being prepared for a pandemic disaster.
The bad news is: There's still a ton of work to be done before banking institutions can say they're truly ready to face such a crisis.
Ultimately, when an institution's plan is complete, there should be four "pillars" in its strategy, says Regina Phelps, an internationally known expert in business continuity planning and emergency management.
Your complaint is an essential resource for local, state, and federal law enforcement officials. Law enforcers review consumer complaints to spot trends and build cases against hackers, identity thieves, and scam artists.
Here's how to file a complaint about various types of Internet-related problems.
It's important to protect your personal information, and to take certain steps quickly to minimize the potential damage from identity theft if your information is accidentally disclosed or deliberately stolen.
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