The Reserve Bank of India's new information security guidelines are expansive, and as a result can actually help improve the overall maturity for Indian financial institutions, says Vishal Salvi of HDFC Bank.
File transfer protocol remains a practice within banking institutions of all sizes. But how can banking/security leaders ensure secure FTP that will protect and track critical data? These thought leaders offer strategies.
"Let's face it: Banking relies on a trust relationship," says Matt Speare of M&T Bank. "Any...
The arrests of three Seattle-area men for their involvement in two separate ATM-skimming schemes highlight technological and social vulnerabilities that international fraudsters have learned to exploit with ease.
Government officials have confirmed a potential threat by al-Qaida against the United States as the nation approaches the 10th anniversary of the Sept.11, 2001 terrorist attacks that hit the World Trade Center and Pentagon.
Stanford Hospital & Clinics reports that a business associate's subcontractor caused a health information breach when information about 20,000 patients treated in the hospital's emergency department was posted on a website.
Provisions in legislation introduced by Sen. Richard Blumenthal, D-Conn., target companies that store online data for more than 10,000 people to assure their customers' personally identifiable information is protected.
"Everyone from the Fed down knew about this and chose to let it go," says mortgage fraud expert L.T. Lafferty. "As a result of that regulatory complacency, the market continues to be plagued with fraudulent activity."
Three Seattle area men have been arrested for their alleged involvement in separate ATM skimming schemes that drained more than half a million dollars from retail customer accounts in at least six states.
Nearly 7.9 million Americans were affected by almost 30,800 health information breaches between September 2009, when a federal healthcare breach notification rule took effect, and the end of 2010, according to a new report to Congress.
"Our proposal would give judges the authority they need to adequately punish serious offenders and to make these penalties commensurate with the same type of conduct occurring offline," Associate Deputy Attorney General James Baker tells Congress.
The Treasury Department's Office of Terrorism and Financial Intelligence has worked to prevent anti-money laundering and illegal cash flow from reaching the hands of terrorist groups, but more needs to be done to further mitigate risks, says Treasury Assistant Secretary Daniel L. Glaser.
News that two Seattle residents were sentenced last week in a prescription fraud case offers yet another eye-opening reminder of the need to guard against fraudulent activity by staff members at hospitals and clinics.
The Office of the National Coordinator for Health Information Technology has formally launched Query Health, a project to test standards for querying data from electronic health records to conduct research.