Servers at Virginia Commonwealth University were recently hacked, potentially exposing Social Security numbers for more than 176,000 faculty, staff, students and affiliates at the university and the VCU Health System.
Winning senior executive support for information security spending requires "a solid business case of justifications," says Christopher Paidhrin, security compliance officer at PeaceHealth Southwest Medical Center.
The bust of six Estonians for one of the biggest online frauds ever is reminiscent of another type of organized crime: drugs. Despite the similarities, there's one big difference between drugs and online crimes.
Mobile banking is a 'must-have' today, but the foray into this new financial-services arena comes with risk. Consistent review and implementation of security layers and controls is the only strategic way to tackle emerging mobile offers.
U.S. and Estonian authorities have broken up one of the largest Internet crime schemes that allegedly netted $14 million in fraudulent advertising fees and infected 4 million computers in 100 countries.
Bank of America's Keith Gordon says securing the mobile channel is much like securing any other banking channel: Controlling risks requires layers of security and controls. But educating customers plays a key security function, too.
Security concerns are the top barrier between consumers and mobile banking. Yet, only 17 percent of institutions have integrated consumer education into their mobile strategies. Javelin's Mary Monahan offers three tips to improve awareness.
The U.S. government is circulating a draft document of seven high-level categories detailing tasks, skills and job titles of IT security occupations that should help organizations to architect more effectively their staffs to safeguard data and systems.
An estimated 650,000 customers have recently switched from big banks to community banks and credit unions. But are these smaller institutions prepared for the new demand for security and fraud prevention?