Data breaches and prevention strategies
- March 18, 2011
Former computer programmer snatched code for the firm’s proprietary trading platform on last day of work.
- October 13, 2010
In the wake of the global economic crisis, many financial firms are struggling to meet tough regulations while defending against both accidental data leakage and a constant barrage of external attacks.
- September 30, 2010
Foreigners in the United States on student visas were lured into opening bank accounts to funnel stolen money overseas.
- August 06, 2010
Suspect allegedly part of hacking ring that masterminded sophisticated attack against payment processor.
- July 28, 2010
Suspect allegedly developed and sold the malware behind massive botnet that was used to steal bank account information.
- July 25, 2010
Insider fraud is a complex problem in the financial industry. Here's a look at some of the technology available to help banks thwart it.
- July 06, 2010
Prosecutors say ex-contractor stole data from 2,000 bank employees and siphoned $1.1 million from nonprofits.
- January 21, 2010
Proposed $60 million settlement for Visa card issuers offers little breach compensation and releases Heartland's acquiring banks from liability, attorneys argue
- January 15, 2010
Shared passwords and usernames used by two subsidiaries may have exposed sensitive data of 1.2 million customers
- January 13, 2010
Intruder accesses login credentials of 8,378 customers at Suffolk County National Bank
- January 11, 2010
Study of data security breaches reported last year shows rise in hacker attacks and insider theft over accidental data exposure
- January 08, 2010
Fund will pay up to $60 million to credit and debit card issuers for their losses from Heartland data security breach
- December 23, 2009
Payment processor will pay up to $2.4 million to affected cardholders in proposed settlement
- December 18, 2009
Processor said the settlement resolves "issues between the two parties" as a result of its massive data security breach.
- November 30, 2009
SearchFinancialSecurity recently caught up with Avivah Litan, vice president and distinguished analyst at Gartner, to discuss how banks can protect their customers' accounts.
- October 30, 2009
New York technician stole the identities of more than 150 bank employees and victimized charities in a $1.1 million fraud scam
- October 20, 2009
Breach exposed the personal data of 13,740 people and violated a court order stemming from the massive 2005 ChoicePoint breach, Federal Trade Commission says
- October 20, 2009
Unisys survey shows lack of consumer confidence in financial institutions to protect sensitive data as well as increased willingness to use biometrics technology
- October 08, 2009
Couple victimized by a data security breach alleges their bank's online security lagged industry standards.
- September 28, 2009
Federal judge in California rules that Google must deactivate Gmail account that bank accidentally sent sensitive customer information to
- September 23, 2009
Actimize survey shows financial institutions see insider fraud threat growing as economic recession puts pressure on employees
- September 08, 2009
Security experts say the customizable and readily available Zeus Trojan is stealing banking credentials to siphon money from accounts. The bank Trojan has advanced capabilities and can allow criminals to alter a form on a legitimate banking website ...
- September 03, 2009
Settlement will reimburse four banks for some of their expenses related to the data security breach disclosed by the retailer in 2007
- August 11, 2009
Payment processor will promote VeriFone's technology for end-to-end encryption of payment card data to its merchants.
- July 07, 2009
FBI arrests former employee of financial-services firm for allegedly stealing underlying code for trading platform.
- June 15, 2009
Download a number of the compelling presentations from the 2009 Financial Information Security Decisions conference.
- June 04, 2009
Financial institutions are using Twitter and other social networking services to communicate with customers but experts say they need to be aware of the security risks.
- June 03, 2009
Trustwave investigators say sophisticated malware used in Eastern Europe allows attackers to steal track data, PINs and cash from infected ATMs.
- May 28, 2009
Insurance company's job application website compromised, potentially exposing Social Security numbers of former and current employees
- May 07, 2009
In a conference call with investors, Heartland Payment Systems CEO Bob Carr said the breach directly contributed to the company's $2.5 million loss for the quarter.
- April 27, 2009
An IT analyst and his brother allegedly used stolen data, including sensitive bank employee information, to obtain loans.
- April 14, 2009
Upheaval in the financial-services industry has put the spotlight on financial information security. Experts share ways to keep sensitive information secure during an M&A.
- February 24, 2009
Heartland CEO Robert Carr said the company still can't reasonably estimate the potential impact of the data breach on its day-to-day operations.
- February 13, 2009
Trio arrested in Florida after allegedly using stolen credit card numbers for purchases at local Wal-Marts, officials said.
- February 11, 2009
Data protection, information leakage and identity and access management were a top priority for financial industry CISOs, according to a new survey.
- February 10, 2009
Research firm says the number of identity fraud victims increased last year but early detection cut consumer losses.
- February 09, 2009
Legal action comes in wake of breach at payment processor and massive ATM scam.
- February 05, 2009
Computer hacking ring uses payment card data stolen from RBS WorldPay in ATM scam.
- January 29, 2009
Fired contract worker is accused of creating malicious script set to wipe out the mortgage company's data.
- January 28, 2009
Financial institutions notify customers and reissue or block payment cards affected by the intrusion at payment processor.
- January 20, 2009
Experts say breach costs are far reaching and could lead banks and merchants to find alternative payment methods.
- January 07, 2009
The financial-services industry is better at security than others, but it still sees an uptick in breach reports, according to a new study.
- October 27, 2008
Smaller banks place a priority on protecting customer data and plan to spend more on security technology, according to a new survey.
- September 04, 2008
Learn what led to the data breach at State Street and how you can avoid such breaches at your financial firm.
- June 03, 2008
The Bank of New York Mellon.is encrypting its back up tapes after approximately 4.5 million affected by breaches.
- May 30, 2008
State Street encrypted its data, but a contractor unencrypted it and lost the disk drive containing the information on thousands of accounts.
- May 15, 2008
A slowing economy requires security pros in the financial-services industry to sharpen their survival skills.
- April 22, 2008
The online mortgage lending exchange site said several of its former employees shared their passwords with unapproved lenders to access customer records.
- April 10, 2008
Data protection is about fixing broken business practices rather than bolting on DLP products, three security officers said during an RSA Conference 2008 panel discussion.
- March 03, 2008
Research conducted at the University of California, Berkeley highlights which companies are targeted most by identity thieves.
- February 13, 2008
When Colin Crook offers advice on how companies should deal a security breach, he speaks from experience. He was CTO of Citicorp [now Citigroup, parent company of Citibank] over 10 years ago when a hacker penetrated the company's network....
- February 04, 2008
Despite growing data breach dangers as a result of trusted insiders, many firms are failing to implement a strong access governance program, according to a recent survey.
- January 17, 2008
TJX will face a lawsuit from three New England banking associations as well as individual banks. The Massachusetts Bankers Association is inviting others to join the suit.
- January 17, 2008
Companies continue to lack a response plan and fail to implement appropriate encryption technologies, according to a survey of more than 700 IT executives and security officers.
- January 17, 2008
Companies are searching for ways to prevent sensitive information from slipping out of their networks, but various technologies to address the problem have their drawbacks.