Federal agencies have recently reported a spate of security incidents that put sensitive data at risk. Personally identifiable information about millions of Americans has been lost, stolen, or improperly disclosed, thereby exposing those individuals to loss of privacy, identity theft, and financial crimes.
How a financial institution can create an effective incident response program to mitigate a data security breach is reported in the FDIC's winter 2006 edition of Supervisory Insights, released today. Other topics covered in today's edition are: an update on CRE lending nationwide, with a look at best practices in CRE...
Unauthorized access to sensitive customer information threatens to undermine customer confidence and the reputations of both individual financial institutions and the financial services industry. This threat is aggravated by the patchwork of state laws and federal regulations that govern unauthorized access or breach...
Why GAO Did This Study
The growth of information resellers-companies that collect and resell publicly available and private information on individuals-has raised privacy and security concerns about this industry. These companies collectively maintain large amounts of detailed personal information on nearly all...
This bill, operative July 1, 2003, would require a state agency,
or a person or business that conducts business in California, that
owns or licenses computerized data that includes personal
information, as defined, to disclose in specified ways, any breach of
the security of the data, as defined, to any resident...
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