Fraud is a global concern, and an area regulators and financial institutions the world-over are watching closely, says Bill Isaac. Whether a cyberthreat or mortgage fraud, investments in fraud prevention will continue, despite the state of the international economy.
Preliminary results of our inaugural Healthcare Information Security Today survey, which is still open for participation, show that only about half of healthcare organizations have a plan in place to comply with the HITECH Act breach notification rule.
Banks and commercial customers are more often working together, enabling them to catch and stop fraudulent requests for funds transfers before commercial accounts are drained.
"We face a broad threat ... and each consumer has to understand that their part in protecting both their own finances and the financial infrastructure, together, is a very large part," says Ian Harper, Pentagon Federal Credit Union.
Small businesses have room to improve when it comes to fraud prevention. And according to a recent study commissioned by TD Bank, a lack of understanding and apathy are challenges that need to be overcome.
A new, free guide on Facebook security, though geared for users, details the practices chief information security officers and other organizational security practitioners should share with their staffs to assure not only safe Internet hygiene when workers access Facebook from work, but for use with other social media...
Ocean Bank failed to implement an effective BSA/AML Compliance Program, with internal controls "reasonably designed to detect and report money laundering and other suspicious activity in a timely manner," regulators say.
As social media continues to evolve and new threats continue to emerge, organizations must constantly re-evaluate their policies and conduct risk assessments, says Andrew Kennedy, who heads up social media policy for BITS.
Organizations eager to take advantage of cloud computing need to take a step back and consider many critical privacy and security issues, says Feisal Nanji, executive director at the security consulting firm Techumen.
ICBA's Chris Lorence says all financial institutions, especially community banks, should appreciate the positive and negative effects posts on social-networking sites can have on their reputations.
The PCI Security Standards Council's new guidance for tokenization offers clarification and recommendations for merchants struggling to determine which tokenization solution is best, especially where compliance with the Payment Card Industry Data Security Standard is concerned.
As of Aug. 22, 306 major health information breaches affecting a total of almost 11.7 million individuals were included in the official federal tally. Fourteen incidents affecting a total of about 270,000 were added since July 22.
The Electronic Healthcare Network Accreditation Commission, which already accredits health information exchanges, plans to also accredit certain technology vendors that serve HIEs.
Give a man a fish, you feed him for today, the proverb says. Teach a man to fish; and you feed him for a lifetime. That adage can be applied to information security, as well.
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