Mar 19 2009 18 mins 1
TJX, Hannaford, Heartland Payment Systems. We know the names of the most infamous data breaches, but what have they really cost financial institutions? And what types of fraud should institutions look out for in the months ahead?
Perimeter eSecurity recently conducted a study of financial institution data breaches. Kevin Prince, Chief Architect of Perimeter eSecurity, discusses that study, offering insights on:
The most common types of data breaches;
What financial institutions can do to prevent them;
Fraud trends to look out for in 2009.
A well known expert in the security industry, Prince regularly trains Federal Examiners at the National Credit Union Administration (NCUA) and the Federal Financial Institutions Examination Council (FFIEC) on such topics as firewall security, remote access, virtual private networks, intrusion detection and prevention systems, and on what the examiners should look for when they examine a financial institution.
