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SC Magazine
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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
Two suspects skim cards at the ATM door
Dan Kaplan
February 08, 2012
Two men have been charged with applying a new take on ATM skimming fraud -- placing the data-stealing device on the card reader at the door, not on the actual cash machine.
MasterCard announces product future around EMV
Greg Masters
February 07, 2012
The EMV standard, widely considered an effective way to curb counterfeit card fraud because it requires a microchip to be embedded in a credit or debit card or on a mobile device, is gradually picking up steam in the U.S.
SEC accuses Latvian man of hacking brokerage accounts
Dan Kaplan
January 31, 2012
The federal Securities and Exchange Commission has charged a Latvian man with participating in a scheme that manipulated the value of more than 100 New York Stock Exchange and Nasdaq stocks.
Visa advises on more secure credit card transactions
Dan Kaplan
January 16, 2012
Visa has issued best practices that detail how retailers, card issuers and processors can upgrade their credit card transaction technology to a chip-based model, so to avoid burdensome complexity, cost and time to market.
Secret Service charges Romanian man with ATM fraud
Dan Kaplan
January 09, 2012
A Romanian citizen, with an expired U.S. visa, has been arrested on charges of serving as the "installer" of skimming devices on some 40 ATMs in the New York City area.
more »
Financial features
Features
Paying dividends: Financial Services Roundtable
Illena Armstrong
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
Illena Armstrong
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.
more »
The News Team Blog
Can Anonymous force its victims to reconsider their actions?
Hugh Thompson, an adjunct professor at Columbia and program committee chairman of the RSA Conference, got me thinking that, in the face of hacktivism, security these days also means deliberating business practices.
more »
The Data Breach Blog
Phishing email leads to Denver area health care breach
Hackers may have accessed the personal health data belonging to patients of Denver area-based Metro Community Provider Network, a nonprofit health care provider for low-income individuals and families.
more »
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