Links in “Banks”
- Time to Separate IT and InfoSec Roles?
While information technology and information security have historically been lumped together, their roles are distinct, with one serving as the architect and the other as the fire code. [12/30/14]
- After EMV, Will Credit Unions and Banks Be Next Hacking Targets?
Thatâs what some industry security experts are concerned about. EMV chip-and-PIN technology will make it more difficult for hackers to obtain consumer information from the big retailers and so hackers may redouble their efforts to hack into credit unions and banks. [12/29/14]
- Could a Photograph of a Finger Allow Hackers to Exploit Fingerprint Biometrics?
Group uses public photo of a German government official and a computer program to reproduce the official's fingerprint to overcome security measures. The group hopes to highlight the potential exploits in newer technology. Perhaps biometrics alone will not be enough. Perhaps rumors of the impending death of the password have been exaggerated. [12/29/14]
- Hackers Seek to Exploit Latest Air Tragedy
This weekend's disappearance of an Indonesia AirAsia flight gives cyber criminals an opportunity to lure users to websites purporting to offer the latest news in order to steal their personal information. Insensitive headlines, such as âMissing AirAsia flight QZ850 has been found and that all its passengers are safe and alive,â is designed to bait users to click on the link, which redirects users to the malicious websites. [12/29/14]
- Judge Orders Credit Suisse to Face the Music
New York's Supreme Court rejects Credit Suisse's request to dismiss a $10 billion lawsuit by the state's attorney general accusing the Swiss bank of fraud in the sales of mortgage-backed securities before the 2008 financial crisis. The move is expected to strengthen NY's hand in punishing other banks for bad behavior tied to the recession. [12/29/14]
- How Heavy Regulatory Burdens on Banks Fueled Ocwen’s Disaster
Ocwen's portfolio grew rapidly over the last two years largely from banks seeking to deal with heavy regulatory burdens. The rapid expansion attracted regulatory scrutiny, resulting in a $150 million fine, the removal of its founder, and a precipitous drop in its stock price. [12/24/14]
- Bankers to DoD: Exempt Us
Several trade associations submitted a letter to the Department of Defense on proposed revisions to its Military Loan Act, including a call to exempt depository institutions. Here's a summary of the 59-page letter. [12/23/14]
- Risk Watch 43: What the Cold War Can Teach Us About Enterprise Risk Management
Enterprise risk management can seem daunting, because it takes a very complex ecosystem like financial institutions and requires the employees to protect their organization from myriad threats, all the while working to achieve the institutionâs goals. In this video, AffirmX EVP and Director of Risk Management Ken Agle explainsâby way of the Cold Warâone method institutions can use to improve their enterprise risk management. [12/23/14]
- Guilt-free Outsourcing and Other Tech Takeaways from 2014
At one time, outsourcing initiatives for financial institutions were looked upon as some level of management failure. Today it is considered a vital part of the banking business. This is one of four tech trends that became clear in 2014. [12/23/14]
- You’ll Be Breached. Here’s What to Do When It Happens
If recent headlines have taught us anything, it is that it's not a question of whether your institution will be breached, but when. Here are five steps to implement before the inevitable occurs. [12/23/14]
