financial institutions news from FierceCIO

In a remarkable twist to a cyber tale, a Texas bank is suing a customer for failing to protect its online account. The dispute involves Hillary Machinery Inc., of Plano, Texas, and Lubbock-based... Read more...

The financial services sector is putting up new defenses against cyberattacks with a dress rehearsal of how to deal with a hack attack before it happens. The Financial Services Information Sharing... Read more...

Experts have spotted a new spam attack that targets a financial transfer system handling trillions of dollars in transactions annually; it turns out it's yet another case of fake emails. The spam... Read more...

These days, it appears that the threats to your data are coming from the inside, as well as from the outside. In a new survey, 70 percent of financial institutions say they have experienced a case of... Read more...

A California man was sentenced to 15 months in prison last week after pleading guilty to a major scam involving opening tens of thousands of bogus online brokerage accounts. Michael Largent, 22, of... Read more...

Financial services companies are looking for help in protecting themselves from hackers and data thieves, and to get the best protection, they are tapping external security providers. An article from... Read more...

When you think about organized crime, you might picture Marlon Brando in The Godfather. But these days, organized crime has a far different venue: It's in cyberspace. A new report by Verizon... Read more...

There could be a silver lining to the Wall Street meltdown. While no one really knows how the financial crisis will affect IT in the long term, some experts are predicting IT jobs in some areas may... Read more...

IT departments, take note: New federal rules aimed at curbing identity theft take effect on Nov. 1. The Federal Trade Commission regulations require financial institutions, and other creditors that... Read more...

In a game of musical chairs among financial institutions, Citi has hired Marty Lippert away from Royal Bank of Canada as its new CIO and corporate operations and technology COO. He replaces Marvin... Read more...