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Finance

Here is the latest information on IT security relating to the financial sector, including breaking news and timely feature articles and opinions contributed by industry leaders.

Latest Financial News and Opinions

Wrigley Field fans targeted by skimming scam

May 02, 2012

A group of six has been charged in the latest scam to defraud bank customers through the use of skimming devices, a trend that has seen a noticeable uptick in arrests and prosecutions over the past year.
 

Russian cyber crime market more organized, lucrative

April 24, 2012

Traditional mafia groups are entering the cyber crime scene in Russia, which is leading to more centralization and professionalization -- and bigger profits.
 

Third person pleads in New England skimming racket

April 17, 2012

A third defendant accused of participating in an ATM skimming spree that hit banks in Connecticut, Massachusetts and Rhode Island has pleaded guilty.
 

Visa warns of phone phishing after Global Payments breach

April 11, 2012

Visa is advising its customers to be wary of phone scams in which fraudsters request their credit card information under the guise that they need it for "security reasons" in light of the major data breach that affected Global Payments, according to a Tuesday alert from Visa.
 

Visa expels Global Payments following 1.5M-card breach

April 02, 2012

Global Payments, a major credit card processor based in Atlanta, is off Visa's approved list after it confirmed it was breached of some 1.5 million card numbers. The incident, however, is still shrouded in some mystery.
 

Financial features

Features

Paying dividends: Financial Services Roundtable

December 01, 2011

While the financial services industry traditionally has been quicker to embrace cybersecurity than other verticals, the challenges it faces, like meeting compliance and deterring fraud, never let up.
 
Features

Cutting the red tape: SC Roundtable

October 03, 2011

As agencies are forced to do more with less, government security pros at a recent SC Magazine Roundtable discussion said they are being challenged to fight emerging threats and secure new technologies.
 
Features

Ashwin Altekar security risk manager, Heartland Payment Systems

May 12, 2011

Ashwin Altekar, security risk manager at Heartland Payment Systems, says he must first understand the level of risk that technologies create for customers, and then implement controls that manage that risk so it is invisible to customers.
 
Features

Me and my job: Fares Alraie of Royal Bank of Canada

Fares Alraie software security specialist, Royal Bank of Canada March 01, 2011

Development teams often ignore application security requirements in order to meet all their hard-pressed deadlines and requirements, says Fares Alraie software security specialist at the Royal Bank of Canada.
 
Features

Me and My Job: Steven Jones, Synovus Financial Corp.

Steven Jones, director, information security, VP, Synovus Financial Corp. January 03, 2011

A monthly Q&A with an IT security professional.
 

The News Team Blog

On CISPA: Threat info sharing shouldn't be a spy project

Private and public sectors must take seriously the need to share threat data to prevent cyber attacks, but a heavy-handed approach like CISPA places us at far greater risk as a country.
 
The Data Breach Blog

Unencrypted hospital laptop exposes 2k patient records

An employee of the Boston Children's Hospital lost a laptop holding patient information.
 
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