From the exposure of thousands of Citi cardholders to the Michaels debit breach, fraud continues to impact card issuers. Involving the consumer in prevention is a step financial institutions must take, says Javelin's Phil Blank.
"The first step is for banks to admit there is a problem before they can address it, and many bankers are still in denial," says Shirley Inscoe, author of the book "Insidious: How Trusted Employees Steal Millions and Why It's So Hard for Banks to Stop Them."
The U.S. government wants to move many services online, but the inability to authenticate customers and develop Trusted Identities has kept agencies from making the transition. This is a problem that could soon be resolved, says Mike Ozburn, principal of Booz Allen Hamilton.
"These are projects that were already...
Beth Israel Deaconess Medical Center in Boston is notifying more than 2,000 of its patients about an unusual potential health information breach incident involving a computer virus that transmitted data to an unknown location.
Social media, mobility and cloud computing are new areas of risk for organizations, and risk managers need to go back to the fundamentals of understanding the information they are protecting, says Robert Stroud, ISACA's international vice president.
A Georgia hospital has informed 7,500 patients that they may have been affected by a breach incident involving the theft of personal information that could have been used to commit federal income tax fraud.
In one of the largest health information breaches reported so far this year, Spartanburg Regional Healthcare System in South Carolina has notified 400,000 of an incident involving the theft of a desktop computer from an employee's car.
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.