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News & Commentary
Content tagged with Data & Analytics posted in June 2005
Senate Ponders Toughest Data Protection Bill Yet
News  |  6/30/2005
Two senior U.S. Senators introduced a wide-ranging data protection bill that would send officials from companies who do not disclose security breaches to jail for up to five years, and bring the RICO Act to bear on identity theft gangs.
Developers’ Retirement Creates Next Y2K
News  |  6/29/2005
Modernization of core systems should be priority, says IBM.
Survival of the Fittest
News  |  6/29/2005
Survival of the fittest - the swiftest to adapt and use tools and information to their advantage - is just as true in financial services as it is in the wild.
Lost Data Tapes Likely To Be Costly for Citi
News  |  6/29/2005
Expenses include customer outreach and remediation, legal defense, and new storage architectures.
The Going Gets Hot
News  |  6/24/2005
Is that a bead of sweat on your forehead? The list of companies suffering customer-data losses keeps growing. Here's what you can do to avoid being next.
Banks Scramble To Contain Damage From CardSystems Hacking Incident
News  |  6/22/2005
Washington Mutual cancels 1,400 credit cards used to commit fraud, and others could follow suit.
Expect Class Action Lawsuits to Follow CardSystems Breach, Says Trial Lawyer
News  |  6/21/2005
Cui bono? Hacking incidents run up big legal bills and potential liabilities.
Security Breach Exposes Data On Millions Of Payment Cards
News  |  6/17/2005
As many as 40 million cards may have been exposed, making it the largest breach of personal financial data in a string of recent cases.
Visa System Targets Credit-Fraud Rings
News  |  6/17/2005
Now it's up to banks to work this latest weapon against ID theft into their systems.
Y
News  |  6/16/2005
Some 6,000 former and current employees of the Federal Deposit Insurance Corporation (FDIC), the agency responsible for insuring Americans' bank accounts from theft, were themselves victims of an identity breach 18 months ago.
More Scrutiny Applied To Protecting Data
News  |  6/10/2005
Latest incident: UPS loses Citigroup tapes with data on 3.9 million customers
Even Taxi Cabs Are Worried About Consumer Data Security
News  |  6/8/2005
TNS, a credit-card-payment service provider, has begun encrypting consumer data passing across wireless networks.
The Citi Sleeps
News  |  6/7/2005
Financial services firms are taking lessons from CitiFinancial and other data breaches to prevent them from occurring again.
Citigroup Reports Lost Tapes Contain Data On 3.9 Million Customers
News  |  6/6/2005
The incident is the latest in a string of cases involving lost or stolen consumer data.
Contact/Call Centers
News  |  6/1/2005
No longer just about back-office servicing, contact and call centers now provide banks with an opportunity to nurture customer relationships. Supported by integration and productivity tools, call centers have become proactive - rather than strictly reactive - channels.
Driving Business Speed With Technology
News  |  6/1/2005
Niraj Patel, EVP and CIO, GMAC Commercial Mortgage Corp.
Regulators to Launch Call Report Modernization Project
News  |  6/1/2005
Project reportedly is the first mandatory e-filing system for financial data in the U.S.
Groundhog Day
Commentary  |  6/1/2005
I'm as imaginative as the next editor, but I cannot shake the feeling that I have been writing essentially the same editorial over and over the past few months - exhorting bank executives to get their acts together when it comes to managing critical information securely and responsibly.


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