When a database breach occurs, consumer notification continues to be a public problem, and it's time for the federal government to step in, says Linda Foley, co-founder of the non-profit Identity Theft Resource Center.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
A Florida hospital is notifying approximately 40,000 of its emergency room patients about a breach incident involving stolen paper records that it believes might have affected about 1,500 of those patients.
Washington has become the third state to pass legislation incorporating the Payment Card Industry Data Security Standard (PCI) to help financial institutions recover costs from credit/debit card breaches.
Mobile Payment Systems, Social Media, Facebook and LinkedIn. These are among the targets of the modern-day money launderer, and it behooves your institution to understand and prepare for them. Register for this webinar to hear directly from money-laundering investigator Kevin Sullivan:
Learn in detail the current financial scams in circulation from phishing and lottery scams, ATM and credit card skimming, among many others.
Learn proactive defenses to prevent consumers and employers from falling victim.