Data security breaches add millions of dollars to bottom line expenses, but there is also the immeasurable cost of security breaches on your brand that affect future revenue and growth. Virtually every financial institution today exchanges large amounts of information both inside and outside the organization....
Imagine the scenario: Your institution has a customer who does all of his banking online -- bill pay, transfers, account balances. This customer calls after seeing an unauthorized transaction. After tracing the account transfers, which were wired overseas, you find the customer's computer loaded with crimeware. Your...
More than 5,000 customer records from 40 international financial institutions were discovered last month on a computer server in Malaysia.
Dubbed a "crime server" by Finjan, the information security vendor that discovered it, this machine held more than 1.4 gigabytes of business and personal data stolen from...
At a time when consumer confidence in banking institutions is shaken by economic crises, the Customer Relationship is everything. Now more than ever, businesses must bank on next-generation security solutions
Register for this webinar to learn how:
Customer trust is being impacted by phishing and identity theft;...
Arizona Central Credit Union of Phoenix, AZ., was hit with a phishing attack via text message to its members in March. While the attack was distributed on a small scale and didn't have much impact, the incident did roust the credit union staff into quick action.
Sadly, such incidents are a familiar...
One midwestern credit union (which prefers to remain anonymous), with nearly $200 million in assets and more than 30,000 members, has been phished four times -- the most recent in 2006, with three of those incidents occurring within a 90-day period.
So what do you do if your financial institution's brand is...
Interview with Kim Matlon, Business Continuity/Crisis Management Expert
Workplace violence - it's one of the most common but least understood risks to all businesses.
From robberies gone awry to bullies in the workplace to domestic anger spilling over from home, the workplace is rife for violent situations. In...
The best offense is a good defense, especially when it comes to fighting criminal hackers.
Dr. Markus Jakobsson, principal scientist at Palo Alto Research Center and an adjunct associate professor at Indiana University, and Zulfikar Ramzan, a Senior Principal Researcher in the Advanced Threat Research Group at...
Ken Rijock is a former banking attorney at an international law firm. He's also a former money launderer.
He spent the 1980s as a money launderer and advisor to drug traffickers, until he was arrested and served a U.S. federal prison sentence for racketeering and money laundering. While serving his sentence, he...
Risk management and the insider threat.
These are the two dominant themes emerging from the conversations and presentations at the RSA Conference in San Francisco this week.
From the keynote stage to the expo floor, with stops in between at the program sessions, information security experts, vendors and...
Imagine living in a country where electronic voting is universal, there are 39 million Internet users, and 25 million of them are also Internet banking users.
Welcome to Brazil, whose online banking services and lessons-learned were presented to attendees at the RSA Conference on Tuesday.
According to Maria...
Bank of America is well known for its mobile banking services. Currently, the institution has 750,000 mobile banking customers receiving services on 400 different kinds of devices.
But did you realize that one of the ways BoA secures its electronic offerings is by providing its customers with abuse reporting...
Interviews Shed Light on Topics of Unique Interest to Banking/Security Executives
The annual RSA Conference is a showplace for the who's who of security solutions vendors. The event showroom is lined with scores of the industry's leading vendors - no one individual could hope to see them all.
So, the Information...
The price tag for The TJX Companies, Inc.(NYSE: TJX) to settle with MasterCard and its card-issuing banks is $24 million. This settlement, announced this week, comes on the heels of the TJX settlement with the Federal Trade Commission in late March.
While many in the industry see the FTC's settlement (no fines, but...
What happens if your institution suffers an ATM skimming attack and customer accounts have been compromised? Or if a payments processor is hacked and thousands of your credit/debit cardholders are potentially exposed to fraud?
These aren't hypothetical breaches; they've occurred. Repeatedly. And they prove that an...
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