Successful wire fraud attacks cause losses averaging between $100,000 to 200,000 per victim. So, it's not surprising that banks are being sued by business customers for alleged failures to prevent fraud via ACH.
It's been well over a year since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. How should banking institutions prepare for the hundreds of new regulations expected to come as a result of this landmark legislation?
About 4.9 million patients treated in San Antonio area military treatment facilities since 1992 have been affected by a health information breach involving the theft of backup tapes for electronic health records.
The Department of Homeland Security becomes the first federal agency to award a task order using a General Services Administration's blanket purchase agreement for an infrastructure-as-a-service, cloud-computing offering, says GSA Assistant Commissioner Mary Davie.
With the announcement of a breach affecting 4.9 million patients in the Defense Department's TRICARE healthcare program, there have now been five incidents that each affected at least 1 million individuals since the HIPAA breach notification rule took effect.
Melissa Hathaway doubts Congress will enact a cybersecurity law. "I fear we will continue to watch the bills 'sit here and wait, while a few key congressmen sit and debate. It's not easy to become a law," she writes, citing a kid's jingle.