"There are still a lot of inexperienced people out there that are passing themselves off as experts," says Scott Laliberte, managing director of Protiviti, outlining the common challenges of penetration testing.
According to FINRA, Citi's negligence in adequately supervising Tamara Moon, a former sales assistant at a Citi branch in Palo Alto, Calif., resulted in $749,978 being skimmed from the accounts of 22 Citi customers.
The state has been without a fulltime chief information security officer since Mark Weatherford left last summer to become vice president and chief security officer of the North American Electric Reliability Corp.
As fraud continues to evolve and affect financial institutions, careers are plentiful for fraud-fighting professionals, says Jean-Francois Legault, a fraud investigations specialist with Deloitte and Touche.
"The consequences of computer hacks are much different than they used to be," says cybersecurity expert Joseph Steinberg, following the sentencing of three convicted fraudsters.
"I don't think there's any connection [to] the investments banks will make in fraud prevention," says Doug Johnson of the ABA. "It's not about making budget cuts; it's about protecting the customer relationship and ensuring security."
Trust has been a murky trait on the Internet since its inception. Remember the New Yorker cartoon? A dog, sitting by a PC, says: "On the Internet, nobody knows you're a dog." It's hard to trust what you see on the Net. That's more true today than ever.
A consumer advocacy group is calling attention to a little-known fact about seven federal breach notification bills pending in Congress: They would leave certain healthcare information unprotected.
As banks and credit unions work toward compliance with the FFIEC's updated online authentication guidance, they need to place their efforts and attentions on risk assessments, says Doug Johnson of the ABA.
Early results from the Healthcare Information Security Today survey show that insider threats, such as records snooping and ID theft, are perceived to be the most significant security threats to healthcare organizations.
A U.S. District Court in Maine has affirmed a magistrate's May recommendation to deny a motion for a jury trial filed in the ACH-related fraud case between PATCO Construction Inc. and Ocean Bank.
"These reforms were developed to remedy what had become routine in Washington: IT projects running over budget, falling behind schedule, or failing to deliver promised functionality," Federal CIO Steven VanRoekel says.
The Health Net Inc. breach that was believed to have affected about 2 million individuals may be larger than originally stated, according to new information from the insurer.
The Office of the National Coordinator for Health IT has issued an advance notice of proposed rulemaking, seeking public comment on metadata standards to support nationwide electronic health information exchange.
When it comes to social media, organizations have to be vigilant and consistent with risk assessments that closely monitor and evaluate emerging threats, says Andrew Kennedy of BITS.
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