Our financial industry has been plagued with financial crimes like phishing, fraud, critical data leakage, security lapses and anti-money laundering experiences. Cyber security has become an extremely important challenge for the banks. Failure in cyber security not only impacts operations, reputations and core processes, but public’s confidence in financial services also gets hampered. The […]
A recent Healthcare Edition of the 2016 Vormetric Data Threat Report (DTR) observed that despite feeling vulnerable to data threats, IT security leaders are prioritizing and focusing more on Compliance. 96% are already bracing for an attack on the personal information, and almost 63% of them experienced a past data breach, with nearly one […]
The Electronic Fund Transfer Act (EFTA, 12 CFR 1005) was passed by the U.S. Congress in 1978 and signed by President Jimmy Carter, to establish the rights and liabilities of consumers as well as the responsibilities of all participants in electronic funds transfer activities.
If your institution is still debating the future of Remittance Transfers (RT), you’re not alone. Despite a fast-approaching deadline, many banks […]
CEO Ed Sattar recently spoke at The Next Generation Oil & Gas Pipeline Security conference in Houston, Texas on February 17-19.
Designed to provide a fully comprehensive platform to security experts in all aspects of oil and gas protection, the conference focused on the latest developments in pipeline monitoring and security technology and how […]
The Financial Industry Regulatory Authority (FINRA) announced late in 2013 that Barclays – one of the top 10 largest banks in the world – amounted violations resulting in over $3.75 million in fines. For the last decade, the British bank failed to properly retain and maintain electronic records, emails, and instant messages.
Among the records […]
Lets go back in time.
Target – the third largest US retailer – on its massive data breach where up to 70 million people are involved in the massive credit card heist at Target stores ensures its clients “zero liability” for costs incurred by fraudulent charges. This age of information calls for a challenge for […]