An estimated 650,000 customers have recently switched from big banks to community banks and credit unions. But are these smaller institutions prepared for the new demand for security and fraud prevention?
Improving mobile device security is one of the top information security priorities for the coming year, according to our new Healthcare Information Security Today survey. And that's not surprising, given the recent surge of interest in tablets, smart phones and other mobile devices.
Improving regulatory compliance efforts is the No. 1 information security priority for healthcare organizations in the year ahead. That's a key finding of the inaugural Healthcare Information Security Today survey.
ATM skimming is a huge fraud concern for banks and credit unions. But M&T Bank says it has developed an effective anti-skimming solution - and it wants to share this product with other institutions.
In the near future, financial institutions will have new opportunities for service in emerging payments. How they define their roles, however, will depend greatly on steps they take now to put a stake in the ground.
When it comes to responding to today's high-profile information security incidents, technical abilities simply aren't enough, says Gavin Reid of Cisco's Computer Security Incident Response Team. Here are the five must-have skills for today's incident response professionals.
Police say financial specialist Librado Wright spent months siphoning more than $500,000 from Wachovia Bank's customer accounts. But when he attempted to withdraw the funds, the bank had a surprise for him.
On Tuesday, Bank of America caved in to competitive and public pressure, reversing its decision to impose a fee for consumer debit transactions. So, now where will institutions find new revenue to help fight fraud?
Online risks, card skimming and data leakage are the top threats to Asia Pacific and Indian banks, and financial institutions are just starting to implement security measures and regulations to combat the growing threat landscape, says Gartner's Matthew Cheung.
"It is clear that Internet technology represents the moment of a change equivalent to the change brought on by the printing press and the steam machine," says Kosta Peric of SWIFT.
Medtronic's announcement that it's launching an "in-depth risk/benefit analysis" following an "ethical hack" of one of its insulin pumps is good news. We hope that Medtronic and all other medical device manufacturers launch long-overdue, aggressive efforts to improve medical device safeguards.
The Department of Veterans Affairs expects to accommodate the use of in excess of 100,000 iPads and iPhones within 18 months, including a mix of government-owned and personal mobile devices, says Roger Baker, CIO.
Today ends National Cybersecurity Month, and one thing is clear: cybersecurity awareness does not equate secure cyber. "The market still doesn't appreciate how much good cybersecurity is worth," Rep. Jim Langevin says.
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