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Bank Systems & Technology November 6, 2008 Orla O'Sullivan |
2008 Data Breaches: 30 Million and Counting Roughly 30 million consumers have had sensitive personal data stolen in the 552 reported data breaches so far in 2008.  |
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.  |
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.  |
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.  |
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.  |
Bank Technology News March 2007 Holly Sraeel |
Protecting Data Online Is a Top Priority for Consumers Today, consumers recognize that fraud is no laughing matter. According to a study, 41% of respondents would decrease their use of online banking or switch institutions in the wake of a data breach.  |
InternetNews February 12, 2010 |
Study Puts Identity Theft Cost at $54B in 2009 Research firm Javelin estimates that more than 11 million Americans were victims of identity theft last year, a 12 percent increase that led to tens of billions of dollars in costs.  |
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.  |
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 March 18, 2008 Cory Levine |
Identity Fraud on the Decline Despite the hype, identity fraud is on the decline, according to a new survey. But as fraudsters return to traditional channels, such as phone lines, to steal the trusting public's personal information, few financial institutions have implemented multifactor authentication for telephone banking.  |
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.  |
CIO January 2007 |
Data Breaches Cost You More Data breaches continue to become more expensive.  |
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.  |
InternetNews June 18, 2009 Alex Goldman |
The Offline Vulnerability of Personal Data Organizations cannot substitute technology for common sense in the handling of personal information, warns a new report.  |
Bank Systems & Technology November 20, 2008 Orla O'Sullivan |
Fighting Fraud With Texts The shock felt by consumers who finally learn that their credit card issuers have flagged their accounts for fraud could largely be avoided if they were to receive text alerts immediately once the suspicious activity occurred.  |
Wall Street & Technology April 14, 2006 |
Identity Fraud Is Finding Fewer U.S. Victims Despite a rise in phishing activity and the increased regularity of reported data breaches, instances of identity fraud in the United States actually decreased in 2005.  |
PC Magazine May 1, 2009 Matthew D. Sarrel |
Identity Theft: It's Out of Your Hands The most important thing you have is you, right? And online, you are your identity. If xyz.com doesn't value you enough to keep you safe, then does that company really deserve your business?  |
InternetNews August 5, 2010 |
Another Laptop Theft Exposes 21K Patients' Data Philadelphia's Thomas Jefferson University Hospital is in the process of notifying more than 21,000 patients that a stolen laptop has exposed some of their most sensitive personal information.  |
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.  |
InternetNews January 30, 2006 Sean Michael Kerner |
ID Theft And Internet Fraud Declining? New studies indicate that the Internet isn't as dangerous as other places.  |
Insurance & Technology February 6, 2008 Melanie Rodier |
Data Breaches Increasingly Costly, Especially in Financial Services As the number of data breaches reported annually continues to surge, the costs incurred by companies that report incidents also are increasing  |
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.  |
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.  |
InternetNews May 26, 2006 Clint Boulton |
Sacred Heart Data Hacked Sacred Heart University became the latest school to fall victim to a computer hack, which exposed the personal information of as many as 135,000 students and alumni.  |
InternetNews September 13, 2010 |
CCNY Student Data Exposed in Laptop Heist Some 7,000-plus students attending the City College of New York are learning that some of their most sensitive personal information was exposed when a school laptop was stolen last month.  |
InternetNews March 2, 2009 Richard Adhikari |
ID Theft Threat Grows With 1M Already Hit in '09 A new report shows identify theft is off to a rapid start this year - and the figures could be even worse than expected.  |
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 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.  |
Wall Street & Technology November 26, 2007 Melanie Rodier |
Data Security: An Increasingly Daunting Task With breaches on the rise, consumer confidence waining, more data privacy regulations in the pipeline and a focus on outsourcing, financial services institutions must ensure they are protecting customer data -- both internally and externally.  |
InternetNews March 9, 2011 |
Data Breach Recovery Getting More Expensive Report says the cost enterprises have to pay to fix security and restore operations after a data breach continue to grow.  |
InternetNews May 23, 2006 Roy Mark |
VA Data Breach Stirs Washington In the second-largest data breach on record -- and the biggest Social Security numbers breach ever - the Department of Veterans Affairs disclosed Monday approximately 26.5 million veterans are at risk of identity theft.  |
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.  |
InternetNews May 26, 2005 Tim Gray |
BofA Steps up Authenticity Plan Bank of America moved quickly to restore its reputation this week, announcing a new online authentication service it says will help prevent online fraud and identity theft.  |
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.  |
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.  |
InternetNews July 9, 2010 |
Hackers Raid University of Maine's Servers The social security numbers and other personal data of over 4,500 students were compromised in the attack.  |
InternetNews September 23, 2005 Roy Mark |
Senate Turns Attention to Data Privacy The Senate Judiciary Committee expects to vote next week on legislation making it a crime for data brokers to conceal a security breach involving personal data and increasing penalties for computer fraud when the act involves personal data.  |
Bank Technology News March 1, 2008 Glen Fest |
Thwarted On-Line, Crime Looks to Past A new identity theft report survey finds a continuing overall decline in fraud numbers and victims, but unfortunately a rapidly rising number of "vishing" and other hands-on alternatives to catching consumers off guard.  |
Bank Technology News February 2007 Holly Sraeel |
ID Theft Needs Little Fuel to Fan The Flames. Or Does It? With financial crime -- particularly cybercrime -- becoming more sophisticated among for-profit criminals, some industry observers argue that ID fraud is rising, and that many victims are still unaware of it.  |
InternetNews April 16, 2009 Alex Goldman |
Security Lapses Aplenty Despite Growing Threats A study by Verizon Business's RISK team reveals some disconcerting shortcomings in companies' security.  |
InternetNews December 29, 2009 |
Penn State Breach Continues University Data Woes Latest in a string of security incidents at universities compromises personal information of more than 30,000 students.  |
InternetNews January 17, 2007 Ed Sutherland |
Less Data, More Security Will data minimization be the key to enhancing data security? Experts say it's a trend to watch.  |
InternetNews January 26, 2010 |
Average Cost of Data Breach $6.75m in 2009 New study from Ponemon Institute and PGP Corp. shows rising costs for businesses associated with data breaches.  |
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.  |
InternetNews May 24, 2006 Roy Mark |
House Panel Moves on Data Breach Bill With data breaches back in the news, national legislation begins to percolate.  |
InternetNews September 22, 2005 Roy Mark |
Roberts Vote Could Stall Data Privacy Law Judiciary Committee may vote today on mandating national breach disclosure law.  |
InternetNews November 28, 2007 Andy Patrizio |
Report Details Real Costs of Data Breaches Some experts say breaches aren't just an embarrassment to your IT department: They're a leech on the bottom line.  |
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 February 10, 2010 |
New Hack Attack Tags Payroll Processor Payroll processing giant Ceridian is warning some of its customers that a hacker managed to access its Internet system in December, exposing the personal data of more than 27,000 workers.  |
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.  |