With the issuance of the final FFIEC Authentication Guidance, institutions need to start moving forward on conformance, and taking a risk-focused approach is the first step, says Matthew Speare, SVP of IT for M&T Bank Corp.
The fight against cyberattacks is a top priority for financial institutions, and industry insiders are optimistic about President Obama's plan to thwart cyberattacks that lead to corporate account takeover and other forms of fraud.
Two electronic health records pioneers that already have earned federal EHR incentive payments stress that a robust risk management program should be an essential component of any movement from paper to electronic records.
Some 200 people have reported fraudulent debit and credit transactions hitting their accounts after dining at Margarita's Mexican Restaurant in Texas. Investigators believe a third-party vendor may have been hacked.
The Fed's ruling on interchange, mandated by the Durbin amendment, offers financial incentives for fraud-prevention investments and could fuel a U.S. move toward new card-payment technologies, like EMV.
The arrest is part of a continuing investigation into network intrusions and distributed denial of service attacks against a number of international business and intelligence agencies by what is believed to be the same hacking group.
Associations representing clinic administrators, healthcare CIOs and health information managers are asking federal regulators to go back to the drawing board on the access report provision of a proposed Accounting of Disclosures rule.
On June 28, the FFIEC released its final, formal version of its Authentication Guidance. Not even one month later, we've created three new training programs to help banking institutions understand and conform with the guidance.
There was good news and bad news in the reporting of major health information breaches in the past month. The good news: Only four incidents were added to the official federal tally. The bad news: One of those incidents affected 400,000 individuals.
The Privacy and Security Tiger Team is spelling out best practices for giving patients clear and simple guidance regarding how to safeguard electronic health records when downloading them from a hospital or a clinic.
Though America remains dominant on land, sea and air, technical and economic barriers to gain entry in cyberspace are much lower for adversaries, and as a result, place the United States' networks at great risk, GAO says.