You know your organization's social media policy is a good one when it starts sounding less like a checklist and more like common sense, says Sherrie Madia, social media expert and author.
Village View Escrow's suit against its former institution, Professional Business Bank, raises questions about "good faith," reasonable security and FFIEC authentication guidance compliance.
Social media, mobility and cloud computing are new areas of risk for organizations, and risk managers need to go back to the fundamentals of understanding the information they are protecting, says Robert Stroud, ISACA's international vice president.
A Georgia hospital has informed 7,500 patients that they may have been affected by a breach incident involving the theft of personal information that could have been used to commit federal income tax fraud.
A revised, downsized plan to launch a national database of certain federal healthcare claims data is being implemented despite ongoing concerns from privacy advocates.
The new FFIEC online authentication guidance update is a good "cookbook" for financial institutions to apply layered security, says Avivah Litan of Gartner.
The FFIEC's updated online authentication guidance urges banks and credit unions to do better jobs of authenticating and identifying devices, areas that aren't bolstering the kind of security they could, says security expert Ori Eisen.
Doug Johnson of the American Bankers Association says banking institutions should spend the next five months focusing on their risk assessments, as they work to meet the FFIEC's new authentication guidance update.
Federal regulators won't speculate about how many more financial institutions could be shuttered in 2011, but the number isn't expected to exceed 2010, the most recent "peak" year for failures.
Operation Night Clone, launched in November 2010, led to the arrest of 61 international suspects for the parts they played in an elaborate card-skimming scheme that spanned three continents.
As international ACH transactions increase, banking institutions can't just think about passing a security compliance audit. Effective and efficient monitoring will be keys to mitigating fraud risks.
Now that the FFIEC's updated online authentication guidance is out, banking institutions need to move forward in preparation for 2012 compliance, says Julie McNelley, banking fraud analyst for Aite Group.
The Government Accountability Office has issued a report chastising the Centers for Medicare and Medicaid Services for delays in fully implementing its Integrated Data Repository used to crack down on fraud.
"Our role is changing in the fact that we see fraud being perpetrated in a new manner everyday via malicious software, banking Trojans and online theft," says Jean-François Legault, senior manager of forensics and dispute services at Deloitte.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.eu, you agree to our use of cookies.
