Senate Ponders Toughest Data Protection Bill Yet
Two senior U.S. Senators introduced a wide-ranging data protection bill that would send officials from companies who do not disclose security breaches to jail for up to five years, and bring the RICO Act to bear on identity theft gangs.
Phishing Up By 226 Percent
Phishing is up dramatically over the last two months according to data released by computer maker IBM and message filtering firm Postini.
Survival of the Fittest
Survival of the fittest - the swiftest to adapt and use tools and information to their advantage - is just as true in financial services as it is in the wild.
U.S. Bank Contracts Vicor; IBM and Fiserv in Australia; Wood CNB Deploys ATMs; Synovus Picks Viewpointe; Princeton Goes West; Superior FCU Selects Symitar; Yodlee Gets PassMark; DI and Metavante Team; MasterCard Rewards GE; Standard Picks SunGard
Better Security Earns Credit For WesCorp CU
The largest corporate credit union in the United States has given security and risk management a high priority. By aligning IT projects with business goals, WesCorp CISO Christofer Hoff has reduced the company's exposure, improved business processes, and saved money.
Making the Grade
Computing is completely integrated into almost everything we do to live our lives, from banking to making travel arrangements to buying clothes and books to gossiping.
The Going Gets Hot
Is that a bead of sweat on your forehead? The list of companies suffering customer-data losses keeps growing. Here's what you can do to avoid being next.
Phishers Jump On MasterCard Breach
When MasterCard went public with news that a security breach exposed more than 40 million cards to fraud, phishers picked up on it, too, and quickly launched a campaign to piggyback on the blunder.
Senate, FTC Push For Identity Theft Law
A Senate committee pondered national identity protection legislation in a hearing Thursday that took testimony and solicited answers from all five members of the Federal Trade Commission.
Some 6,000 former and current employees of the Federal Deposit Insurance Corporation (FDIC), the agency responsible for insuring Americans' bank accounts from theft, were themselves victims of an identity breach 18 months ago.
The Citi Sleeps
Financial services firms are taking lessons from CitiFinancial and other data breaches to prevent them from occurring again.
If You Can’t Beat ’Em, Join ’Em
Community bankers are excited about the prospects for The Communities First Act, introduced by Rep. Jim Ryun (R-Kan.), a senior member of the House Financial Services Committee.
No longer just about back-office servicing, contact and call centers now provide banks with an opportunity to nurture customer relationships. Supported by integration and productivity tools, call centers have become proactive - rather than strictly reactive - channels.
First National Bank Omaha responds to customer demand for online wealth planning.
Despite increasing compliance demands, many banks still overlook enterprisewide solutions.
Bridging the Communications Gap
To provide seamless service across channels and borders, a consistent and uniform message must become the mantra of today's widely dispersed banks.
Physical vaults are no longer enough to protect bank customers' assets.