Finance

Here is the latest information on IT security relating to the financial sector, including breaking news and timely feature articles and opinions contributed by industry leaders.

Latest Financial News

Romanian accused of email address theft pleads guilty

Dan Kaplan January 15, 2010

Another Romanian citizen has admitted to his role in a massive phishing campaign that delivered fraudulent emails to victims, prosecutors in Connecticut announced Thursday.
 

Heartland settles with Visa; funds to go to issuing banks

Dan Kaplan January 08, 2010

Breached processor Heartland Payment Systems has agreed to a settlement with Visa worth up to $60 million.
 

Parties agree to settlement over Countrywide data breach

Dan Kaplan December 29, 2009

A federal judge in Kentucky has granted preliminary approval to settle a class-action lawsuit relating to a data breach that pinned millions of Countrywide Financial customers against the mortgage company.
 

Citibank refutes reported hack by Russian gang

Greg Masters December 22, 2009

Citigroup is denying a report on Tuesday that its systems were breached of tens of millions of dollars.
 

Web attacks are financial boon for crooks, Cisco finds

Angela Moscaritolo December 08, 2009

Spam and spyware still are profitable for cybercriminals, but the big money is in banking trojans and other web exploits, Cisco's annual security report has found.
 

Financial Opinions

Do you know where your user IDs and passwords are?

Bharat Nair, VP, Delfigo Security August 20, 2009

Surprisingly, a majority of enterprises still use IDs and passwords as their only standard authentication criteria. This is true among many industries and companies of all sizes. Unfortunately, there are many reasons why this is no longer adequate in an enterprise environment.
 

Protect yourself from business partners

Jeffrey Rogers, chief architect, Risk Advisory Services, Unisys July 23, 2009

Corporate and public-sector organizations are working with more business partners than ever before -- and the number will continue to grow. Outsourcing, offshoring, supply-chain management, workflow management, value chains and emerging markets: These each signal a warning to information security managers.
 

How to choose a QIRA

Mark Carney, managing director, FishNet Security July 22, 2009

During a breach containment process, you may be required to call in a Qualified Incident Response Assessor to conduct a thorough investigation and forensic analysis.
 

Database encryption: Top tips for protecting your company's most sensitive data

Christian Kirsch, senior manager, international product marketing, THALES Information Systems Security March 23, 2009

Strong security is all about reducing the attack surface available to hackers and malicious users.
 

CASE STUDY: Stock Yards Bank & Trust

Greg Masters February 13, 2009

A biometric solution helps Stock Yards Bank & Trust manage passwords and aids in compliance efforts.
 

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The News Team Blog

SC Magazine's try at predicting 2010

One of the great unintended consequences of my job, having covered the IT security space for nearly four years, is my great inability to accurately gauge the awareness that mainstream America has for cyber-risks.
 
The Data Breach Blog

Payroll processing firm Ceridian Corp. hacked

A hacker recently attacked the payroll processing firm Ceridian Corp. of Bloomington, Minn. and gained access to sensitive information of employees working at 1,900 companies nationwide.