The Banking Industry

Security Testing Comes of Age

Updated: 2011-04-30 19:21:25

Four years ago, the Council of Registered Ethical Security Testers began as an organization to bring standardization to the penetration testing industry. Today, CREST's scope is expanding across industries and global regions, says president Ian Glover.

First Choice Community Bank and The Park Avenue Bank of Ga. Close

Updated: 2011-04-30 19:21:25

Bank of the Ozarks, Little Rock, Arkansas, acquired the banking operations, including all the deposits, of two Georgia-based banks. To protect depositors, the Federal Deposit Insurance Corporation entered into purchase and assumption agreements with Bank of the Ozarks.

First National Bank of Central Florida and Cortez Community Bank, Fla., Close

Updated: 2011-04-30 19:21:25

Premier American Bank, National Association, Miami, Florida, acquired the banking operations, including all the deposits, of two Florida-based banks. To protect depositors, the Federal Deposit Insurance Corporation entered into purchase and assumption agreements with Premier American Bank, N.A.

5 Banks, 1 CU Closed on April 29

Updated: 2011-04-30 19:21:25

48 Failed Institutions so Far in 2011Federal and state banking regulators closed five banks and one credit union on Friday, April 29.

Utah Central Credit Union Closes

Updated: 2011-04-30 19:21:25

The Utah Department of Financial Institutions today appointed the National Credit Union Administration as the liquidating agent for Utah Central Credit Union of Salt Lake City.

Inside the 2011 Verizon Breach Report

Updated: 2011-04-30 19:21:25

Investigator Bryan Sartin on the Hot Trends and TargetsThe latest Verizon Data Breach Investigations Report is out, and the good news is: The number of compromised records is down. The troubling news is: The number of breaches is up. Bryan Sartin, one of the report authors, explains why.

Community Central Bank, Mount Clemens, Mich. Closes

Updated: 2011-04-30 19:21:25

Community Central Bank, Mount Clemens, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, which appointed the Federal Deposit Insurance Corporation as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Talmer Bank & Trust, Troy, Michigan, formerly known as First Michigan Bank, to assume all of the deposits of Community Central Bank.

BankInfoSecurity Editor's Choice for April 2011

Updated: 2011-04-30 19:21:25

A review of the month's top stories by Managing Editor Tracy Kitten: A well-crafted e-mail tricked an RSA employee into opening a phishy e-mail that launched a sophisticated attack on the company's information systems, and the list of big-name corporations and brands affected by the Epsilon e-mail breach tops 100.

Hidden Files on iPhone Pose Risk

Updated: 2011-04-30 19:21:25

IT security and privacy lawyer David Navetta says revelations that mobile devices such as the iPhone, iPad and Android maintain hidden files tracking users locations could pose a threat to organizations, regardless of whether the devices are owned by individual employees, the company or government agency for which they work.

China Wire Fraud: Warning to Banks

Updated: 2011-04-30 19:21:25

Stronger Authentication Can't Wait for New GuidanceIn the absence of the FFIEC's new guidance, industry experts say banks need to act now to help mitigate online risks associated with commercial accounts. "You can be sure the attacks won't abate until banks fight back," says Gartner's Avivah Litan.

Why Europe is Taking on the World's Biggest Banks

Updated: 2011-04-29 17:39:40

Two European Commission probes into whether large financial firms illegally control the market for credit default swaps could drastically alter the derivatives business.

Big Bucks and Hired Guns: Why Financial Reform Is Stalling

Updated: 2011-04-25 10:47:05

Wall Street is splashing the cash in its campaign to weaken Dodd-Frank. And it's winning.

The Finanser's Week: 18th April - 24th April 2011

Updated: 2011-04-24 07:11:04

Cross Selling In Banking Starts With Education

Updated: 2011-04-21 15:08:21

, Home About Us Product News Contact Testimonials Blog Cross Selling In Banking Starts With Education Posted by Brad Maher on Thu , April 21, 2011 If your consumers don’t know all the products services your institution offers , how are they supposed to ask about them or better yet , buy them Education will create value if you provide it in such a way that it is useful and timely . There is a lot of financial information’ available in the market , mostly designed to tease you with bits of good information then go for the kill the sell . Education is not a priority in these cases and cross selling is not a . priority Institutions have the ability to create one of two experiences for their banking consumers : A Selling experience or an Educational experience . It is understood that consumers

A long break ...

Updated: 2011-04-21 07:55:00

Things worth reading: 21st April 2011

Updated: 2011-04-21 06:17:27

Bad Credit: Why S&P Sidled Into Politics With Its U.S. Debt Warning

Updated: 2011-04-20 17:10:28

One thing to remember about credit rating agencies is that investors largely ignore them. Especially when they're carrying water for political interests.

Things worth reading: 20th April 2011

Updated: 2011-04-20 07:06:04

Things worth reading: 19th April 2011

Updated: 2011-04-19 06:53:11

Things worth reading: 18th April 2011

Updated: 2011-04-18 06:52:28

The Finanser's Week: 11th April - 17th April 2011

Updated: 2011-04-17 07:08:28

5 Reasons Goldman Sachs Should Fire Lloyd Blankfein

Updated: 2011-04-15 19:34:47

The Wall Street firm's CEO has turned the company into the world's most notorious investment bank. Here's why it's time for him to go.

Contango Lesson: How Koch Industries Raises Gas Prices

Updated: 2011-04-15 11:51:06

The chemicals and energy company doesn't speculate on the price of oil -- it manipulates it. How? By stockpiling crude until the time is right to sell.