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U.S. Banker August 2005 Glen Fest |
Banks Flounder in Muddy Data-Regulation Waters Is new interagency guidance that clear?  |
OCC Bulletin April 14, 2005 |
Response Programs for Unauthorized Access to Customer Information and Customer Notice: Final Guidance The guidance interprets the Interagency Guidelines Establishing Information Security Standards (Security Guidelines) and addresses how financial institutions should implement a response program to address unauthorized access to customer information.  |
Bank Technology News January 2006 Glen Fest |
Data Breach Notification: States Differ On When To Sound The Alarm Legislative action on how and when banks should sound the alarm when there's been a data breach has lagged on the federal level, leading to a broad mix of state measures.  |
InternetNews March 25, 2005 Jim Wagner |
Feds Push Banks on Security Alerts After several high-profile private data leaks, the Federal Reserve and regulators advise banks to immediately notify customers of security breaches.  |
InternetNews January 12, 2007 Roy Mark |
Data Breach Law Back in Senate Businesses and government agencies would have to notify consumers under certain circumstances of data breaches under legislation introduced by U.S. Sen. Dianne Feinstein.  |
InternetNews April 12, 2005 Roy Mark |
Feinstein Tightens ID Theft Proposal California Democrat calls for national notification law just before Senate hearing.  |
InternetNews June 16, 2005 Roy Mark |
Senate Takes up Data Security Law FTC commissioners set to testify before panel that will enforce any new data privacy laws.  |
InternetNews May 11, 2005 Roy Mark |
Senate Debating Data Privacy Changes Senate Commerce Committee opens series of hearing on data broker practices.  |
Bank Systems & Technology May 1, 2006 Larry Greenemeier |
Growth Can Be Risky Business Most banks are expecting healthy growth over the next few years on the strength of their retail banking operations, according to a recent study. But are banks focusing enough on the issue of data security?  |
InternetNews July 10, 2007 Roy Mark |
Many Breaches, Few ID Thefts Data breaches are frequent, but evidence of actual identity theft resulting from the breaches is limited, according to a new report by the General Accountability Office.  |
InternetNews February 6, 2007 Roy Mark |
Concealment a Crime in Latest Data Breach Bill Additional legislation calls for criminal penalties for concealing breaches and consumer notification of 'significant' breaches.  |
InternetNews February 22, 2007 Roy Mark |
Retailers to Hold Data-Breach Bag? Proposed legislation in Massachusetts would make retailers financially responsible for breaches of their databases that lead to consumer identity theft.  |
InternetNews July 10, 2009 Alex Goldman |
Calif. Heath Firms Claim 800+ Breaches in 2009 New laws prompt an overwhelming number of reported incidents of inappropriate data access.  |
Bank Technology News May 2007 Larry Ponemon |
Consumer Privacy: Top Banks Must Guard Against Breach of Faith The good news for banks, according to a study, is that most customers trust them with their personal data. The bad news is that one misstep will cost them dearly.  |
U.S. Banker June 2007 Holly Sraeel |
Accountability at Issue in Data Security Failings Enforcing stiffer criminal penalties is one way to hold merchants and data brokers more accountable. This is good news for banks.  |
Bank Systems & Technology December 1, 2005 Eileen Colkin Cuneo |
Dealing With Data Theft After the Fact When a security breech occurs, a company handling it right can flip the negative into a positive and earn customers' respect and appreciation. If they handle it wrong, and the business will fight the stigma of being an untrustworthy organization indefinitely.  |
Bank Technology News April 2007 Holly Sraeel |
In the U.S., Privacy Isn't Always Convenient, Or Wanted While banks nationwide wrestle to comply with state privacy and breach notification laws, the TJX phenomenon brings the issue of consumer privacy into sharper focus: If Americans are inconvenienced in any way, they'll forgo privacy.  |
CFO March 1, 2007 Rob Garver |
Nothing to Bank On Bank executives will undoubtedly spend much of the next year assessing the likelihood and impact of new rules, while at the same time trying to keep earnings growth on its upward trend.  |
InternetNews April 13, 2005 Roy Mark |
Data Brokers Step Into Senate Panel's Fire Compliance with the California law on disclosing data breaches has resulted in a series of embarrassing public-data hijacking admissions. The Senate is now grilling data brokers and considering federal legislation.  |
InternetNews August 4, 2006 Roy Mark |
Data Breaches And Congress A roundup of where federal data breach security laws stand.  |
InternetNews May 6, 2005 Roy Mark |
Data Breach Law: Why Tech Doesn't Get It A national disclosure law is gaining steam but tech appears only steamed.  |
InternetNews January 9, 2009 Richard Adhikari |
New Data Breach, Privacy Bills in Congress If at first you don't succeed, try, try again.  |
Bank Systems & Technology April 28, 2008 Paul L. Lee |
Integrating Systems Essential to AML and SAR Compliance To follow regulators' requirements, banks must leverage and coordinate compliance, risk management and IT department efforts.  |
Bank Technology News January 2007 Glen Fest |
Legal: Breaches in Court: No Harm, No Foul Several times in the past year, data breach victims have argued the potential for harm is enough to make banks and other firms pay. Judges have soundly disagreed.  |
The Motley Fool March 16, 2005 Rich Smith |
Banker Dons a Black Hat In written testimony to the congressional committee investigating the security of customer data, Bank of America argued that the law should not require companies to inform their customers of security breaches that put their data at risk.  |
Bank Technology News December 2007 |
Scoring Banks' Compliance With FFIEC Guidelines Compliance with FFIEC guidelines brought out the worst in many bankers. So how did banks do in terms of compliance?  |
InternetNews July 15, 2005 Roy Mark |
Congress Closer to National ID Theft Law Republican lawmakers plan a committee vote on a bill requiring disclosure of both encrypted and unencrypted data breaches. The proposed bill is likely to provoke protest from the technology and financial services industries.  |
Bank Systems & Technology August 30, 2005 Maria Bruno-Britz |
Maximum Security Although all industries are susceptible to data theft, the costs in terms of reputation and dollars are particularly steep in financial services, and most banks are taking measures to reduce the risks associated with handling consumer data.  |
Bank Systems & Technology April 7, 2006 Peggy Bresnick Kendler |
Security Outlook A plethora of high-profile data breaches and concerns about identity theft have put the banking industry on high alert. To secure their information assets, banks must implement a cross-channel, multilayered approach that extends beyond technology.  |
InternetNews December 20, 2005 Jim Wagner |
Guidance Software Investigating Stolen Data Computer forensic specialist Guidance Software found itself on the receiving end of a malicious hacking attack that managed to swipe sensitive information on reportedly thousands of customers.  |
CRM June 1, 2005 Marshall Lager |
Fear and Loathing in the Database A company's CRM system might make it vulnerable to hackers, but with risk comes opportunity.  |
National Real Estate Investor February 1, 2007 Ben Johnson |
Small Banks, Big Risks In the new era of commercial real estate lending, federal regulators are pressuring even the smallest banks to upgrade their portfolio analysis capabilities to avoid the pitfalls of past downturns.  |
Bank Systems & Technology May 24, 2007 Maria Bruno-Britz |
Banks Using Security to Increase Customer Trust and Their Bottom Lines Banks realize that information security can increase client loyalty and lower costs.  |
U.S. Banker June 2006 Lee Conrad |
Banks Vent Rage Over Commercial RE Loan Rule Banks, in an uproar over regulators' proposal that warns those with high concentrations of commercial real-estate loans may have to raise their capital reserves, worry that new regulations will eat into their bottom line.  |
InternetNews September 19, 2006 Roy Mark |
Group Demands Restitution For ID Theft A federal task force on identity theft urged Congress today to require ID thieves pay victims for the time they spend restoring their credit.  |
Bank Systems & Technology August 1, 2007 Nancy Feig |
Banking Customers More and More Mistrustful of Financial Institutions It's not just security breaches that are causing consumers to lose faith in their financial institutions. Consumers in general are more demanding, and this attitude spills over into the relationships they have with their banks.  |
Bank Technology News November 2007 Glen Fest |
Online Authentication: Multifactor Race Nears Finish Line Nearly a year after half of all U.S. institutions missed the deadline to adopt stricter FFIEC guidelines for online authentication, analysts say that banks have finally, and almost universally, put their multifactor and other risk-mitigation layers in place.  |
InternetNews May 5, 2005 Roy Mark |
How Broad a Data Breach Disclosure Law? ChoicePoint and Bank of America throw support behind national disclosure law as Congress mulls the details.  |
InternetNews June 11, 2010 |
Feds Reassessing Breach Notification Laws Data breaches small and large continue to plague consumers and businesses at a record pace and lawmakers at all levels of government are now considering more proactive legislation to help thwart identity theft.  |
Bank Technology News April 2006 Glen Fest |
Fraud Prevention: Engaging More Than The Enemy Banks could improve anti-fraud measures if they provided tools that draft customers into the battle. But it's not that simple for an industry still rife with soft spots.  |
U.S. Banker June 2007 Rebecca Sausner |
Cyber Security: Insurance Not Standard Yet, But Choices Abound Typical policies now offer a range of protections, as data breaches become more problematic. But at what point should premiums be spent instead on shoring up security?  |
BusinessWeek July 3, 2006 Dean Foust |
ID Theft: More Hype Than Harm Law enforcement officials say the criminals tend not to follow through after stealing personal data.  |
Bank Systems & Technology March 29, 2006 Maria Bruno-Britz |
Sticking With the Tried and True The days when large U.S. banks could sustain their old core systems on the IT version of life support are numbered, according to TowerGroup.  |
Bank Systems & Technology June 26, 2006 Deena M. Amato-McCoy |
Closing the Door on Criminals Banks need a consistent approach to fraud assessment and prevention, otherwise they will never truly get ahead of the problem.  |
Bank Technology News August 2006 |
Sizing Up Security: Are U.S. Banks Trailing U.K. Banks? If best practices are indeed what the U.S. banking industry seeks with regard to online security, they'll likely find some of the answers across the pond.  |
InternetNews December 16, 2005 Roy Mark |
House Tables Data-Breach Law Talk Any hope of a U.S. House data-breach disclosure law this year fizzled away Thursday in the face of opposition from Democrats who contend the legislation lacks enforcement teeth.  |
InternetNews February 18, 2005 Tim Gray |
Data Theft Fallout Spreads to 145,000 Data aggregation firm ChoicePoint responds to pressure to let more people know if identity thieves have their data, which may include credit reports, addresses, and social security numbers.  |
InternetNews January 12, 2006 Roy Mark |
Data Breaches: New Year, Old Story Data breaches are off to a flying start this year. Congress does nothing about it, not even requiring companies to inform consumers of the breaches.  |
Wall Street & Technology June 29, 2005 Paul Allen |
Is It Safe? Given the virtual nature of much of our modern world, in which financial transactions are predominantly about electronic flows of data rather than hard cash, information has become a key source of risk. As a result, the new security focus is on information management.  |
PC World November 2005 Alan Stafford |
Privacy in Peril With identity thieves targeting big consumer databases, your data isn't just up for sale -- it could be up for grabs.  |