Cybersecurity National Action Plan

On February 9, 2016, the President implemented the Cybersecurity National Action Plan (CNAP) designed “to enhance cybersecurity awareness and protections, protect privacy, maintain public safety as well as economic and national security, and empower Americans to take better control of their digital security.” Threats against business and the government are continuing with a record number of [Read More…]

National HealthIT Week: Protecting PHI

Protecting protected health information (PHI) requires vigilance in today’s environment of increased sharing of personal information online. National HealthIT Week (Oct 5-9) highlights the importance of health IT—specifically electronic health records (EHRs) which improve the quality of healthcare delivery, increase patient safety, decrease medical errors, and strengthen the interaction between patients and healthcare providers. Protecting [Read More…]

Combating Transaction Fraud

We have all heard the news that data breaches and the subsequent identity theft of all types is the fastest growing crime in the US today. More people and businesses are being impacted for larger dollar amounts − witness the impact of the Target and Home Depot breaches. Unfortunately, there is no such thing as [Read More…]

Agency Fight against Fraud and Identity Theft

In the Final Report issued on March 28, 2014 , the office of the Treasury Inspector General for Tax Administration said that it identified and confirmed 28,076 fraudulent tax returns involving identity theft. “Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest [Read More…]

Mimimizing the Cost of a Data Breach

How much does it cost to recover from a system breach? The Ponemon Institute just released the Second Annual Cost of Cyber Crime Study with an almost $6 million price tag for the median annualized cost of a breach. We also recently learned that EMC has spent $66 million recovering from the breach of SecurID [Read More…]

FFIEC releases long awaited guidance on authentication

Federal Financial Institutions Examination Council(FFIEC) has released the long-awaited supplement to its “Authentication in an Internet Banking Environment guidance”, which was first issued by the FFIEC in October 2005. According to the FFIEC, the purpose of the Supplement to the 2005 Guidance (Supplement) is to reinforce the Guidance’s risk management framework and update the Agencies’ [Read More…]

Locking Out Your Customers Is Ill Advised

Online business enablement is one of the chief ways banks are looking to meet the cost saving and customer centricity requirements that will drive growth in the post Dodd-Frank world. Two-factor authentication will play a larger and larger role in making sure there are secure methods for allowing dispersed populations to bank as they need, [Read More…]

Multi-Factor Authentication For Customer Enablement

Online business enablement is one of the chief ways banks are looking to meet the cost saving and customer centricity requirements that will drive growth in the post Dodd-Frank world. Two-factor authentication will play a larger and larger role in making sure there are secure methods for allowing dispersed populations to bank as they need, [Read More…]

Alternative to tokens for strong authentication

The recent news about the breach at a major token based authentication provider has raised concerns with many about the security of their data and how it may have placed their current customer base at risk. Secure two factor authentication has been a standard for strong authentication which creates secure remote access. Tokens have been [Read More…]