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.
"I am hoping for some turn around, but overhang in troubled real estate, unemployment and debt levels are negatives," says Christie Sciacca, former FDIC official.
This week's top news and views: Mobile and online P2P services offer banks and credit unions a competitive edge, and a new Aite report proves internal fraud is more damaging than most banks realize.
Mobile and online P2P services offer banks and credit unions a competitive edge, and a new Aite report proves internal fraud is more damaging than most banks realize.
On Jan. 14, a new workgroup advising federal regulators dug into the difficult task of figuring out whether a presidential council's recommendations for electronic health record interoperability are feasible.
When it comes to fraud prevention, things are going to be different in 2011. It's clear that fraud in the United States has reached a tipping point, and financial institutions are at the center of it all.
The hospital that is treating Rep. Gabrielle Giffords, D-Ariz., and other victims of the Jan. 8 shooting incident in Tucson, Ariz., deserves accolades not only for its care for the victims, but also for calling attention to an important privacy issue.
Devising strategies for ensuring social media are not used in ways that violate patient privacy is one of the top trends for 2011, says Lisa Gallagher, senior director of privacy and security at the Healthcare Information and Management Systems Society.
Anti-fraud activist Jim Woodhill is a man with a plan - or at least he soon will be. By the end of March, he expects to have a task force and plan in place to help banks and businesses conquer ACH fraud and corporate account takeover.
Philip Andreae was there when EMV was born, and he plans to see the EMV evolution through, until it becomes a global standard embraced throughout the world.
While IT employment numbers may be lagging, there is strong hope within information security, which is emerging as the hot sector for career prospects in 2011.
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