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SC Magazine's Security Vertical Focus: Financial Services is the place to go for information on IT security relating to the financial sector, including breaking news, our ThreatStats compilation of critical trends, reviews of security products, and timely feature articles and opinions contributed by industry leaders. This week: As long as there has been credit granting there have been customers committing first party fraud.
Visit Financial Services Security Vertical Focus.
Bryan Cote, senior product manager, Ecora March 10, 2008
Not long ago, audits were a sporadic occurrence for an IT department. While most regulatory mandates included sections that addressed IT controls, these sections were not the initial focus of auditors, so they were largely ignored. In today's security environment, it no longer makes sense to think of each of these audits as a one-off event.
Prat Moghe, founder/CTO, Tizor Systems March 04, 2008
Business process outsourcing (BPO) is a common practice these days, but the benefits of BPO also come with an increase in risk. This requires a new way of looking at data security — as an "inside-out" threat environment - that is, from the data core out and as a problem of insiders that needs to be monitored. Here is a primer for dealing with the security challenges posed by BPO.
Thirty-eight people living in New York have been charged with leveraging stolen consumer data to create bogus credit cards that were then used to purchase high-priced goods, such as computers and televisions, authorities said.
A group of U.S. senators have introduced a bi-partisan bill aimed at stopping phishing, but some privacy advocates are worried that website registrants will have to forfeit too much personal information.
A student loan company has settled with the Federal Trade Commission over charges it did not offer reliable security for its customers' personal information.
Spam originating from popular webmail services are spiking now that junk mailers have found ways to evade the challenge-response requirements for opening an account, a new study from email security firm MessageLabs reveals.
Ofer Shezaf, vice president of security research, Breach Security February 04, 2008
Data-theft attacks against web applications have expanded in scope—from attempts to extract credit card information from e-commerce sites to scraping entire libraries of valuable information from subscription-based sites.
Phil Dunkelberger, president and CEO, PGP Corporation February 26, 2008
Tools to encrypt sensitive data have been with us at least since the reign of Julius Caesar, who used a simple letter-shifting code to communicate with his generals. Encryption now is on the front lines of the war on data theft, tipping the battle in favor of the "good guys."
Chris Sullivan, vice president of customer solutions, Courion February 20, 2008
High-profile data breaches and compliance incidents - such as the recent rogue trading scandal at Societe Generale in France - have given a second meaning to ROI: "Risk of Insiders."
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