It may be the biggest data breach we've ever seen - and an eerie harbinger of crimes to come. The Heartland Payment Systems (HPY) hack involves scores of financial institutions and tens of thousands of consumers who've had their accounts compromised by fraudsters. Crimes against processors are on the rise, and in this panel discussion you'll gain insights from:
A banking/security leader, who describes the impact of such breaches on community banking institutions;
A noted privacy attorney, who discusses the legal impact of these crimes and how to fight them;
A trusted leader of on demand information security services, who will share market insights on the latest fraud trends and what companies need to do to prevent, manage and respond to the growing security threats
This is the fraud that got everyone's attention.
When Heartland Payment Systems (HPY) revealed in January 2009 that it had been the victim of a malicious hack sometime in 2008 - that an unknown number of consumers had their account names and numbers pilfered - the payments processor became the unwitting face of fraud.
Since that crime, more than 600 financial institutions have volunteered to Information Security Media Group that they and their customers - tens of thousands of individuals - were affected and in some cases defrauded as a result of the Heartland breach.
Although no one knows for certain how big the breach was, the Heartland case nevertheless caused:
Customers to join in class action suits against the processor;
Banking institutions to band together to buck the trend of having to replace cards and placate customers after crimes committed on other organizations' watch;
The security and payments industry to re-evaluate the systems and solutions in place to protect personally identifiable information at all stops along the transaction route.
Merchants, banks, customers and vendors - they all have been affected by the Heartland breach, and their perspectives will be represented in this panel discussion about the crime and how to prevent future incidents.
Register for this webinar to see these perspectives:
An overview of the Heartland breach and its impact on banking institutions, as portrayed by Tom Field, Editorial Director of Information Security Media Group.
How one community banking institution was struck - and is now fighting back - as told by Stephen Wilson, VP of McGehee Bank.
The legal perspective - what consumers, institutions and states can do to respond, with insight from noted privacy attorney Randy Sabett.
Beyond Heartland - ways financial institutions can address the growing complexity, cost and compliance pressures of protecting their customers' most critical information, with advice from Kevin Prince, Chief Architect of Perimeter eSecurity.
Security experts say Heartland-style breaches are the wave of the future in fraud, but financial institutions now have the opportunity to buck that trend. This panel discussion is step one toward preventing further breaches.
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Field is responsible for all of ISMG's 28 global media properties and its team of journalists. He also helped to develop and lead ISMG's award-winning summit series that has brought together security practitioners and industry influencers from around the world, as well as ISMG's series of exclusive executive roundtables.
Chief Architect, Perimeter eSecurity
Named Chief Architect of Perimeter in 2008, Kevin Prince spearheads the company's technology strategy and leads the technical team, in working closely with its customers to manage all of the complexity and compliance requirements of securing information across the enterprise. With more than 19 years of expertise in Information Technology and 11 years focused on Internet security, Mr. Prince is an evangelist on Internet security topics including network security threats, fraud, identity theft, cyber terrorism and data breaches. Through regular speaking engagements, webinars, whitepapers and blog postings, Mr. Prince is dedicated to educating organizations on how to manage information complexity, meet increasingly stringent compliance and security requirements and mitigate risk.
Special Counsel, Cyber/Data/Privacy Practice Group, Cooley LLP
A former NSA crypto-engineer, Sabett brings to Cooley LLP his extensive experience in data security, privacy, licensing and IP. Sabett has managed numerous data breach responses involving major retailers, financial and healthcare organizations, and on-line service providers. He served on the Commission on Cybersecurity for the 44th Presidency and has been recognized as a leader in privacy and data security in the 2007-2014 editions of Chambers USA. Sabett is a member of the board for the Georgetown Cybersecurity Law Institute and the Northern Virginia chapter of ISSA. He also is a frequent lecturer and author, and has appeared on or been quoted by a variety of national media sources.
VP, McGehee Bank
Stephen Wilson is Vice President and Cashier at McGehee Bank, an Arkansas-based community bank with $110 million in deposits under management. Wilson started at McGehee Bank in 1977 and now has over 32 years of service at the institution. Among the many hats he wears, Wilson is directly responsible for Tellers and Bookkeeping operations for the bank's four offices.