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Bank Systems & Technology February 5, 2009 Maria Bruno-Britz |
Deloitte Says Financial Crisis May Lead to Security Crisis for Banks Problems with liquidity and customer retention aren't the only challenges that banks will face in 2009. The pressures brought on by the financial crisis are actually increasing banks' vulnerabilities to data breaches.  |
Bank Technology News April 2009 Rebecca Sausner |
Compliance, IAM Top Security Plans Security regulatory compliance and identity and access management were the top two security initiatives in financial services in 2008, just as they were the year before.  |
Bank Technology News September 2005 |
Giving Enterprise Security a Bigger Spotlight Financial IT Security's mission is to provide insight, analysis and commentary about the security challenges before financial institutions - and the innovative technologies and services designed to thwart security breaches.  |
Wall Street & Technology October 23, 2007 Melanie Rodier |
How Are U.S. Businesses and Lawmakers Responding to Data Breaches? Nearly 77 million individuals have been affected by data breaches so far this year. But even after suffering a data breach, many businesses failed to implement encryption solutions or seek legal counsel.  |
Wall Street & Technology November 27, 2007 Melanie Rodier |
Identity Theft Top Priority for State Legislators More than 1,300 bills covering a range of issues that could impact financial institutions currently are pending before the 50 U.S. state legislatures.  |
Bank Systems & Technology July 12, 2007 Larry Greenemeier |
Link Between Data Breaches And ID Theft Unclear, GAO Reports A U.S. Government Accountability Office report indicates that while the amount of information lost or stolen is disturbing, it's difficult to prove that these breaches lead to identity theft.  |
Wall Street & Technology November 21, 2006 Gregory Framke |
Ask The Experts: Customer Account Security Security risks are very real for financial institutions, whether they serve customers at a retail branch or over the Internet.  |
CRM September 7, 2012 Dale Dabbs |
Protect Your Most Valuable Business Assets--Your Customers Optimal CRM incorporates data protection best practices to curtail identity theft.  |
Bank Systems & Technology November 20, 2008 Orla O'Sullivan |
Best Practices on Data Breaches The task of informing consumers of a breach falls on banks. How the institutions do that is key to how they will be perceived by their customers.  |
Bank Technology News November 2001 David Rountree |
Taking Care of Customer Data A privacy breach in the banking industry may carry ominous legal ramifications, but they pale in comparison to the effects of a blown reputation...  |
InternetNews January 7, 2011 |
ITRC Seeks Full Data Breach Disclosure With major data breaches on the rise, the Identity Theft Resource Center is urging the formation of a centralized, searchable repository for the public to keep track of what institutions have seen their information compromised.  |
U.S. Banker October 2007 Lee Conrad |
Privacy Push: Banks Chafe Against Move To Block Use of SS Numbers Two major federal efforts to curb the widespread use of Social Security numbers are putting banks-the largest private-sector users of those nine sensitive numbers-on defense.  |
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 May 28, 2004 Sean Michael Kerner |
Financial Firms in Hackers' Crosshairs A new survey says IT security attacks on financial institutions have doubled.  |
Bank Technology News February 2007 Andrea Klein |
Losses Rise If Reputation is Compromised The banking industry has begun to recognize the true cost of a tarnished reputation. The next and more challenging step for many is mitigating reputational risk, especially as it relates to online security breaches.  |
Bank Technology News July 2005 |
Securing Customer Data Gets Tougher Each Day When bankers refer to fraud publicly, it often comes off as if the theft does not involve human beings. But behind the recent spate of data breaches are people-on both sides of the problem. Want to make a CEO wince? Talk about fraud in real terms.  |
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 Systems & Technology June 1, 2005 Deena M. Amato-McCoy |
Virtual Lock-Down Although executives are well aware of the risks surrounding the security of their internal information, companies around the globe still fail to safeguard themselves from potential threats.  |
CRM January 19, 2015 Maria Minsker |
Cybersecurity Is Not Just About Protection, but Detection Too Enterprises must prepare to tackle inevitable breaches in 2015.  |
Wall Street & Technology January 5, 2007 Cory Levine |
The Trouble With Customers and Their Data The cost of customer data exposure is increasing, and the financial services industry is trying to reconcile the price of customer data protection with the increasingly disconcerting ramifications of its loss.  |
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.  |
Wall Street & Technology October 23, 2007 Melanie Rodier |
Financial Firms Continue to Struggle to Plug Security Loopholes New technologies, such as pattern analysis, as well as awareness and training can help financial services firms keep hackers at bay.  |
InternetNews November 11, 2005 Jim Wagner |
Report: ID Theft Haunting Bank Customers Banks need to address the growing concern among their customers over ID theft, or risk losing them.  |
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.  |
InternetNews August 3, 2010 |
Health Care Orgs Endure Data Breach Epidemic Hospitals, medical centers and physicians' offices have been responsible for a disproportionately large number of data breaches so far this year, according to one security study.  |
Bank Systems & Technology March 5, 2010 Penny Crosman |
Most Banks Lack Key Data Privacy, Security Controls A Ponemon Institute study finds that while most financial services firms take some steps toward data security, many come up short in critical areas.  |
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.  |
CRM May 2015 Leonard Klie |
Data Security Should Be in Everyone's Job Description Protecting valuable customer information should begin in the contact center and end in the executive suite.  |
The Motley Fool September 14, 2007 Rick Aristotle Munarriz |
Is Your Brokerage Account Safe? A security breach at TD AMERITRADE creates headaches. With identity theft on the rise, it wouldn't hurt to ask your broker what's it's doing to prevent something like this from happening to you.  |
InternetNews April 7, 2008 Judy Mottl |
Storage: The New Frontier in Data Protection It's no longer all about the perimeter, says NetApp's Tim Russell at Storage Network World: Instead, IT needs to focus on storage as costs and regulations mount.  |
Managed Care November 2006 Ed Silverman |
Loss of Protected Patient Information Real Danger for Health Care Plans There are plenty of ways that confidential data can escape managed care organizations, and the consequences can be major. Can you trust your employees?  |
Insurance & Technology August 12, 2005 Gregg Keizer |
ID Theft in Regulatory Spotlight The growing online menace of identity and data theft has resulted in the introduction of another bill to address the problem. The Identify Theft Protection Act is the 10th identity theft bill put into play this session.  |
Bank Systems & Technology February 29, 2008 Nancy Feig |
Internal Fraud Still a Danger as Banks Adjust Strategy Internal fraud occurs every day at banks across the world. New internal fraud-detection technologies allow banks to identify suspicious employee behavior.  |
Wall Street & Technology December 12, 2007 Melanie Rodier |
Data Breaches Costly For Financial Firms Data breaches are costly for any company, but according to a 2007 study, the average total cost for an incident is much higher in the financial sector.  |
Bank Systems & Technology January 31, 2006 Susana Schwartz |
Identity Theft Laws Elevate Security to the C-Level Numerous breaches in customer data security in 2005 have fueled calls for federal legislation that could lead to onerous security demands on financial institutions that hold consumer information.  |
CFO January 1, 2006 John McPartlin |
Hackers Find Backers Large organizations should prepare themselves for more-clever and more-targeted attacks against their security infrastructures this year. Computer crime is now a game for professionals. Are companies prepared to respond?  |
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.  |
Bank Systems & Technology June 2, 2004 Cynthia Ramsaran |
Outsourcing Obstacles Banks can save money with offshore outsourcing, but they need a plan to navigate the choppy waters.  |
Bank Technology News March 2007 Michael Sisk |
Consumer Security: Trust Isn't Just a Token Concern A survey shows unexpected consumer willingness to try new Web security measures. For banks, it's not just about making them feel safe - it's about driving business forward.  |
InternetNews July 28, 2005 Roy Mark |
ID Theft Bill Wends Through Senate The proposed law calls for full disclosure to consumers when sensitive personal data is breached or lost.  |
Bank Technology News October 2005 Michael Dumiak |
Protecting Customer Data: Grappling With Lost Data, Broken Trust Data loss is an institution's worst nightmare. And with high profile cases like CardSystems, the largest players are playing damage control with customers-and facing the ire of Congress.  |
U.S. Banker July 2005 Holly Sraeel |
Want to Make a CEO Wince? Talk About Fraud. When bankers refer to fraud in public, it often comes off as if the theft does not involve a human being. Behind the financial losses and data breaches are people-on both sides of the problem.  |
Wall Street & Technology February 14, 2006 |
Vetting Fraud Solutions As competition in the fraud management space increases, Boston-based Aite Group has issued recommendations for financial institutions on how best to leverage vendors' emerging value propositions.  |
Bank Systems & Technology November 3, 2003 Ivan Schneider |
Information Security: Room for Improvement Financial institutions could do better, but the unique concerns of the industry will result in valuable lessons to share with other industries and government.  |
Wall Street & Technology November 12, 2008 Melanie Rodier |
Insider Fraud Is Involed in 60 Percent of Data Breaches Rogue employees have the potential to devastate a bank. But up to 50 percent of all insider fraud incidents go unreported, Celent says.  |
CRM September 2012 Kelly Liyakasa |
Cracking the Code on Cyber Crimes Despite efforts to proactively protect customer data, computer intrusions and online fraud are on the rise.  |
CFO March 1, 2009 Bob Violino |
As the Economy Sinks, Data Breaches Rise Many companies still fail to address rudimentary security issues. Despite budget pressures, they can't afford to ignore them much longer.  |
CIO March 9, 2012 Stephanie Overby |
IT Service Providers and Customers Battle Over Data Breaches IT outsourcing providers and their customers are fighting hard over data security liability limits at the negotiating table, and the issue is going to get more contentious in the cloud.  |
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.  |
Insurance & Technology March 7, 2006 Peggy Bresnick Kendler |
Who Goes There? Insurance industry executives discuss how controlling access to information through identity management is key to securing critical client and corporate data.  |