10 Most-Read Stories of 2007
You've seen the biggest stories of 2007. Now here's a list of the most popular stories of the year, as determined by our site traffic.
#10 -- Banks Feel the Heat -- For more than a week, wildfires ravaged Southern California, and financial institutions in the area were forced to temporarily close branches and initiate their emergency response plans.
#9 -- Agencies Issue Final Rules on ID Theft Red Flags --By this time next year, all U.S. financial institutions will be required to have implemented an Identity Theft Prevention Program.
#8 -- ID Theft Red Flag Rules: Now the Hard Work Begins -- The new Identity Theft Red Flag regulations announced last week are intended to make life tougher for criminals, but they are also expected to seriously complicate compliance efforts, according to financial industry experts.
#7 -- ID Theft Red Flags Update -- You already know that by this time next year, your financial institution will need to have a written identity theft prevention program. But have you considered that part of that program should include what your institution is doing to increase identity theft awareness among your customers?
#6 -- Bank of India Hack -- The announcement two weeks ago that the Bank of India website was compromised by 30 pieces of malware should be the "shot across the bow" for financial institutions here in the U.S., according to one information security researcher.
#5 -- Finance Execs React to ID Theft Red Flag Rules -- With last week's long-awaited release of the federal ID Theft Red Flag rules, financial institutions nationwide are starting to figure out "What next?"
#4 -- 10 Tips to Prevent Season's Thievings -- Educating consumers is key to identity theft prevention. Here are some best practices for your customers to follow while observing Cyber Monday.
#3 -- TJX, Visa Agree to $40.9 Million Payout for Data Breach -- The TJX Companies, Inc. (NYSE: TJX) and Visa have announced that TJX has agreed to fund up to $40.9 million for payments to certain financial institutions following the much-publicized data breach of its computer systems.
#2 -- FDIC Issues New Pre-Exam IT Questionnaire -- To keep up with ever-changing technologies and security risks, the FDIC last week released an updated version of its Information Technology (IT) examination procedures for FDIC-supervised financial institutions.
#1 -- Bank Warns of Identity Fraud Investigation -- Some customers of the New Jersey-based Commerce Bancorp have received notification from the bank that their identities may be compromised. The bank announced on Tuesday that an employee may have given out confidential customer information.