Skimming incidents at bank branch ATMs and vestibules are adding up to huge losses. One bank says it could easily lose $50,000 over one weekend at a single ATM. So, what can institutions do to deter and detect skimmers?
"Given that the data tested against our network consisted of sign-in ID-password pairs, and that the overwhelming majority of the pairs resulted in failed matching attempts, it is likely the data came from another source and not from our networks," says CISO Phillip Reitinger.
"I think the New York Stock Exchange was probably prepared for this sort of thing anyway," says security researcher Wendy Nather. "One threat, more or less, is not going to make a difference in the security measures they have in place."
The growing IT security profession - which shows virtually no unemployment, according to government data - remains the domain of white and Asian men with a scarcity of women, African Americans and Latinos.
The Department of Homeland Security is undertaking nine private and three public cloud computing initiatives, establishing private cloud services to manage sensitive but unclassified information while using the public cloud for non-sensitive data.
These arrests also highlight the U.S. vulnerability to crimes involving payment cards with magnetic stripes. "The U.S. is a criminal's playground right now," says John Buzzard of FICO Card Alert Service.
A children's health system is offering free credit monitoring to 1.6 million after the loss of backup tapes. It's the second major breach incident revealed in recent weeks involving lost or stolen backup tapes.
Although the Nationwide Health Information Exchange standards eventually will help pave the way for HIEs to share information, security risks related to the "weakest link in the chain" must be addressed, says consultant Patti Dodgen.
President Obama issues an executive order to establish a task force aimed to prevent potentially damaging and embarrassing exposure of government secrets, 10 months after a quarter-million secret diplomatic cables were leaked.