Two members of the PCI Standards Council who are database security experts say the way to prevent a TJX-type breach from happening at your institution is simple -- be compliant with the Payment Card Industry Data Security Standard.
FinCEN and OCC Assess Civil Penalties Against Union Bank in Deferred Prosecution Agreement Union Bank of California, N.A., a wholly-owned subsidiary of UnionBanCal Corporation, based in San Francisco, earlier this month entered into a deferred prosecution agreement regarding charges of failing to maintain an effective...
CA Bill Would Make Bad Security Costly To Retailers Move over data breach notification laws: There’s a tough new bill in town, under which banks and credit unions could get money back from breached retailers that didn’t do right in protecting credit or debit card information. This new data breach...
Detailed user-level auditing for your UNIX and Linux environment is essential to achieving business-critical goals like regulatory compliance (e.g., GLBA, SOX, PCI, etc.), protection against insider attacks, and the ability to troubleshoot and diagnose system availability issues.
Centrify's auditing, access control...
Analysts at Gartner and IDC identify “super user†access as the root of three of the top eight common sources of compliance risks. But what can you do about it? Listen to this podcast addressing the following questions:What is the super user?What security risks do super user accounts create?What steps can...
Analysts at Gartner and IDC identify “super user†access as the root of three of the top eight common sources of compliance risks. But what can you do about it?
Listen to this podcast addressing the following questions:
What is the super user?
What security risks do super user accounts create?...
The recent revisions to the Bank Secrecy/Anti-Money Laundering Exam Manual are being seen as a move in the right direction by those close to the subject. According to Sepideh Behram, Senior Compliance Counsel at the American Bankers Association, the revisions made to the 2007 version reflect “certain points of...
The management of electronic data used to be a “nice thing to do.†Nowadays, the proper archiving, retention and monitoring, filtering and encryption of electronic data isn’t an option but imperative for financial institutions in order to meet compliance with regulations and federal law, including...
Research reveals that despite the importance internal auditors and corporate compliance professionals put on making sure the right controls are in place for access to systems and data, 70 percent of respondents in a recent survey of auditors said it is critical to IT compliance, the majority said there are...
Every time I see the movie “Rebel Without a Cause†I think what James Dean’s character would end up like when he went into the workforce. And I wonder how long he would last at most financial institutions.
Do you, as a information security professional feel like you’re surrounded by rebels...
Driven by increasing regulatory scrutiny and the need to protect key corporate assets such as intellectual property, compliance and issues surrounding data leakage have risen to the top of the list of priorities for today's financial institutions. Federal US legislation such as GLBA, as well as state laws such as...
The often repeated "Information Security isn't a destination, but a continuous journey," rings true for financial institution's information security professionals. What is taken along on any journey? A map showing where you've been and where you plan to go is usually needed, unless you want to wander aimlessly. In...
The latest report by the IT Policy Compliance Group finds that nine of ten companies are exposed to financial risk from data losses and thefts that can be cost-effectively avoided. The report, “Why Compliance Pays – Reputations and Revenues at Risk,†finds the majority of the 475 firms surveyed must...
Companies are scrambling to meet the Payment Card Industry (PCI) Data Security Standard (DSS). Financial institutions and merchants alike have to be in compliance - or face financial penalties and loss of processing privileges. This is new ground for many organizations, introducing a whole new set of technologies and...
Gramm-Leach-Bliley Act (GLBA) regulations require organizations to protect themselves against unauthorized access, anticipated hazards and risks threatening the security or integrity of consumer financial information. GLBA has introduced a great deal more rigor in how banks and credit unions have to handle, manage and...
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