Three banks and one credit union were closed by state and federal banking regulators on Friday, July 8. These failures raise the year's tally to 66 failed institutions.
William Lynn, the former national security adviser to the late Sen. Edward Kennedy, helped foster DoD's strategy to protect the military's and nation's digital assets, including the standup of the U.S. Cyber Command.
Business associate agreements should set clear expectations for breach notification to help ensure compliance with the HITECH Act, says regulatory expert Christopher Hourihan.
Multifactor authentication and layered security are steps financial institutions should take to protect their customers. But certain strategies are more problematic than successful when it comes to preventing fraud.
A Twitter posting by Pacific Northwest National Laboratory, which conducts IT security research and development, says: "A sophisticated cyberattack has shut down Internet and e-mail at PNNL. Full access will be restored once we can repel further attacks."
The U.S. Department of Health and Human Services' Office for Civil Rights entered into a resolution agreement with the University of California at Los Angeles Health System to settle violations of the HIPAA Privacy and Security Rules.
As more criminals target branch ATMs, industry experts wonder if links to insider fraud might not be to blame. Recent brazen attacks prove even in a bank or credit union lobby, ATM skimming can strike.
As more criminals target branch ATMs, industry experts wonder if links to insider fraud might not be to blame. Recent brazen attacks prove even in a bank or credit union lobby, ATM skimming can strike.
The use of social media raises risk management issues, and education is the key to overcoming the common misperception that "you can say anything you want on social media and not have any consequences," says compliance specialist Roy Snell.
"Professionals like me now understand that we are the ambassadors for ethical behavior and should actively encourage other employees to adhere to it," says Alessandro Moretti, a senior risk and security executive.
Despite increased incidents, major U.S. card issuers receive poor marks for card fraud prevention, according to a new study from Javelin Strategy & Research. The biggest area of concern: card-not-present fraud.
Health insurer WellPoint Inc. has reached a settlement with the Indiana Attorney General's office over a delayed notification about a consumer data breach that affected the records of 32,051 people.
New mobile technology is behind a growing public concern about Internet security, says former Transportation Security Administration CISO Patricia Titus, who now holds the same post at Unisys.
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