Disciplining IT and IT security managers following a breach of their systems rarely happens, and perhaps there's a good reason they shouldn't be punished.
In one of the largest health information breaches reported so far this year, Spartanburg Regional Healthcare System in South Carolina has notified 400,000 of an incident involving the theft of a desktop computer from an employee's car.
As international ACH transactions increase, banking institutions can't just think about passing a security compliance audit. Effective and efficient monitoring will be keys to mitigating fraud risks.
Now that the FFIEC's updated online authentication guidance is out, banking institutions need to move forward in preparation for 2012 compliance, says Julie McNelley, banking fraud analyst for Aite Group.
The U.S. Department of Health and Human Services' Office for Civil Rights entered into a resolution agreement with the University of California at Los Angeles Health System to settle violations of the HIPAA Privacy and Security Rules.
RSA customers who feel victimized by last March's breach of the security vendor's computers have viable options that include continued use of the SecurID authentication tokens, those offered by competitors, or something entirely different: biometrics.
Despite increased incidents, major U.S. card issuers receive poor marks for card fraud prevention, according to a new study from Javelin Strategy & Research. The biggest area of concern: card-not-present fraud.
Health insurer WellPoint Inc. has reached a settlement with the Indiana Attorney General's office over a delayed notification about a consumer data breach that affected the records of 32,051 people.
New mobile technology is behind a growing public concern about Internet security, says former Transportation Security Administration CISO Patricia Titus, who now holds the same post at Unisys.
"Any other bank could have just as easily been victimized," says banking fraud expert Shirley Inscoe, following the arrest of a former Citigroup executive charged with embezzling more than $19 million.
People's view of cybersecurity will need to broaden over the next few years, says IT expert Robert Brammer. That's why a consortium has been established to conduct research on the security of computer systems, as well as other areas where computerization has excelled.
Eddie Schwartz, the new - and first - chief security officer of RSA, says the IT security provider hit by a sophisticated advanced-persistent-threat attack in March is focusing internal security on efforts to reduce the time an intruder can go undetected.
The database has become the main target for hackers and negligent insiders, as the insider breach at Bank of America showed. A recent survey highlights the need for financial institutions to enhance security measures to mitigate threats and losses.
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