All Entries Tagged With: "Financial"
Financial Data Breach Sources
Some good analysis from a post on Perimeter.
“In the study we just released on financial institution data breaches between 200 and 2008 we analyze the breach sources.
Hacking accounts for 42 percent of incidents but 55 percent of records compromised. This is the largest percent of incidents and records which is why financial [...]
Continuity Engine releases “Community”
Continuity Engine, a company started in 2008 by former Founder of Perimeter eSecurity Andy Greenawalt, has just release their flagship product “Community”, a social networking concept with a compliance a business focus for financial institutions.
Community enables financial institutions to work together to create and manage complex documents that are required by federal and [...]
Financial Services Companies Have The Data Hackers Want
In the newly published study on financail data security breaches between 2000 and 2008, it reports that 12 percent of data breach incidents come from financial services companies, but account for over one third of all records compromised.
Financial services companies are often targeted by criminals because that is where the “crown jewels” are. [...]
Financial Data Breach Study by Kevin Prince of Perimeter eSecurity
A new financial institution data breach study has recently been published by Kevin Prince of Perimeter eSecurity. It analyzes breaches between 2000 and 2008. While several aspects of the study deserve individual discussion and attention, it is interesting that Kevin Prince did a podcast interview with BankInfoSecurity. In the podcast Kevin answers [...]
Regulations & IT Governance Frameworks 101
With so many regulations and IT governance frameworks out there, it can be confusing to keep them all straight. I recently saw a whitepaper put out by Qualys that had (I thought) a really go brief description of the major ones. Here it is:
Regulations
SOX – The Sarbanes-Oxley Act of 2002 requires strict internal [...]
How strong is the PCI shield?
Heartland CEO Bob Carr announced that they will fight any lawsuit because they were PCI certified at the time of the breach. Others including Hannaford plan to use the PCI shield as a way to protect their pocketbooks from lawsuits.
If being PCI certification meant that 1) your network was free from hackers, [...]
RBS WorldPay Breach tied to Massive ATM Fraud
Criminals stole 9 million dollars in a well coordinated attack. They used less than 100 cloned ATM cards at 130 ATMs in 49 different cities all in less than one hour.
http://www.myfoxny.com/dpp/news/090202_FBI_Investigates_9_Million_ATM_Scam
http://blog.wired.com/27bstroke6/2009/02/atm.html
Breach Source Trending
View the trending of incidents and records compromised between 2003 and 2008 for the top 5 breach sources.
2008 Financial Services Companies Data Breach Stats
Data Breach Statistics for Financial Services Companies for 2008
Financial Services Companies Data Breach Stats 2000-2008
Financial Services Companies Data Breach Stats 2000-2008