How Can the Financial Industry Stop Insider Threats?

JPMorgan Chase & Co. is in the news again because hackers got access to internal systems and stole sensitive information. This may have been part of a scheme to pump up the prices of stocks and sell them for quick profits. The hackers gained access through a server that wasn’t properly patched. Another problem surfaced a few months ago where a former JPMorgan employee was arrested by the FBI on charges of stealing customer...

JPMorgan Chase & Co. is in the news again because hackers got access to internal systems and stole sensitive information. This may have been...

Printers are definitely not what they used to be a decade ago. They have evolved and are becoming more involved in organizations’ networks, as well as an increase in multifaceted functions that have made them vulnerable and threaten the stability of the entire network. Hackers and insiders have made their case by causing internal and external data breaches through these printers. Nowadays although there has been a great push to secure mobile devices and...

Printers are definitely not what they used to be a decade ago. They have evolved and are becoming more involved in organizations’ networks, as...

Are we still not encrypting our data in a time when cyber-attacks have been happening to so many big names in the healthcare, retail and government? Recently, UCLA Health System’s computer network was broken into by hackers and may have accessed sensitive information on as many as 4.5 million patients. The information included names, dates of birth, Social Security numbers, Medicare and health plan identification numbers as well as some medical information such as...

Are we still not encrypting our data in a time when cyber-attacks have been happening to so many big names in the healthcare, retail...

Your employees regularly share sensitive financial information internally and with vendors, partners, external agencies, contractors, advisors, and other outsourcers. Once this information leaves your control, third parties can share it with anyone, possibly compromising your and your customer’s confidentially. This also becomes a problem if a trusted insider accidentally shares sensitive information with an unauthorized person. Financial service providers must comply with FINRA, SEC, CFPB and numerous other regulatory agency rules that require institutions...

Your employees regularly share sensitive financial information internally and with vendors, partners, external agencies, contractors, advisors, and other outsourcers. Once this information leaves your...

We all share files with those we work with, those we are friends with and those we are doing business with. Nowadays with mobile devices, email and the cloud, it is extremely easy to share files, easy enough that we may accidentally send and share them to the wrong person. Recently, the National Guard was hit with a data breach, where files containing personal information were unintentionally transferred to a “non-DoD-accredited data center by...

We all share files with those we work with, those we are friends with and those we are doing business with. Nowadays with mobile...

A recent article in CSO magazine by Maria Karlov talks about the latest wave of data breaches and attacks on corporate intellectual property. Symantec identified a group of cybercriminals, who they originally named Morpho, that target research and other intellectual property from corporations. The group is currently named Butterfly, but don’t let the name make you think they are pretty and harmless. Butterfly may be an independent group who wants to steal intellectual property...

A recent article in CSO magazine by Maria Karlov talks about the latest wave of data breaches and attacks on corporate intellectual property. Symantec...

Earlier this month, an article recorded that data breaches in 2015 are on pace to break records both in the number of breaches and records exposed. In 2014, the numbers of US data breaches tracked by the Identity Theft Resource Center hit a record high of 783, with about 86 million confirmed records exposed. So far this year, as of June 30, the number of breaches reached 400 and additionally, about 118 million records...

Earlier this month, an article recorded that data breaches in 2015 are on pace to break records both in the number of breaches and...

It is no doubt that 2015 is on record pace for the number of data breaches compared to previous years. However, typically we would assume that these data breaches would happen in such industries as healthcare, finance, retail or the government. We would have never thought that this would enter the area of professional sports teams. Now we know it is happening inside America’s favorite pastime, baseball, and it’s reaching national and worldwide headlines....

It is no doubt that 2015 is on record pace for the number of data breaches compared to previous years. However, typically we would...

On July 1, Connecticut’s Governor Dannel Malloy signed legislation that expands the current definition of personal information and now requires new data breach security terms and conditions in every state contract dealing with confidential information. From this article, the bill also states, “Not later than October 1, 2017, each company shall implement and maintain a comprehensive information security program to safeguard the personal information of insureds and enrollees that is compiled or maintained by...

On July 1, Connecticut’s Governor Dannel Malloy signed legislation that expands the current definition of personal information and now requires new data breach security...

Every time we look to the news we find at least one data breach incident, some more minor than others. However, at that time it was businesses in retail, finance or in healthcare. Now we look to the news and we discover that more and more data breaches are focused on the government. From third party contractors that deal with government to household names such as the Internal Revenue Service, The White House, and...

Every time we look to the news we find at least one data breach incident, some more minor than others. However, at that time...

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