ACH fraud victim Mark Patterson says small businesses like his welcome improved online security measures from banking institutions. But is the new FFIEC Authentication Guidance sufficient? Patterson says no.
Senate Majority Leader Harry Reid, in a letter, informed Minority Leader Mitch McConnell of his decision to bring cybersecurity legislation to the floor during the first work period of 2012 legislative session.
Banks and credit unions are feverishly working to meet the FFIEC's authentication compliance deadline next year. But experts say institutions should be looking beyond the guidance, by making investments in cross-channel fraud detection.
Sutter Health, an integrated delivery system that was in the process of encrypting all its desktop computers, reports that a device that had not yet been encrypted was recently stolen, affecting more than 4.2 million patients.
Servers at Virginia Commonwealth University were recently hacked, potentially exposing Social Security numbers for more than 176,000 faculty, staff, students and affiliates at the university and the VCU Health System.
Winning senior executive support for information security spending requires "a solid business case of justifications," says Christopher Paidhrin, security compliance officer at PeaceHealth Southwest Medical Center.
U.S. and Estonian authorities have broken up one of the largest Internet crime schemes that allegedly netted $14 million in fraudulent advertising fees and infected 4 million computers in 100 countries.
Bank of America's Keith Gordon says securing the mobile channel is much like securing any other banking channel: Controlling risks requires layers of security and controls. But educating customers plays a key security function, too.