Category Archives: Uncategorized

10 Ways to Protect Yourself From Computer Fraud

Install and keep anti-virus/anti-spyware software updated on your computer and phone. Only do business with trusted firms.  Do not open email attachments or click links from unknown sources. Don’t store personal or business information, passwords or account numbers online. Use … Continue reading

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Industry Recommendations to Reduce Malware

“Taking an ecosystem view is imperative. Our security work focuses on collaboration between financial services and others to protect the cyber ecosystem – a critical endeavor for the industry, the economy and for national security.” –Greg Rattray, BITS SVP of … Continue reading

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Retirement Savings Threatened by Proposed Rule

Individual retirement accounts (IRAs) are the fastest growing accounts in the United States and currently hold a larger portion of retirement assets than pension funds.  However, a recent proposal has been made by the Department of Labor’s Employee Benefits Security … Continue reading

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Richard Davis Defends Banking Profession

In a time when scrutiny of the banking system and its professionals has reached its peak, Richard Davis calls for pause in a recent American Banker article.  Davis argues that the constant negative light that is shed on the banking … Continue reading

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Cybersecurity Top of Mind on the Hill – BITS President Testifies

On May 25, BITS President Leigh Williams testified before the House Judiciary Committee Intellectual Property, Competition and the Internet Subcommittee on “Cybersecurity: Innovative Solutions to Challenging Problems.”  The hearing focused on provisions of the Obama Administration’s Cybersecurity Legislative Proposal released … Continue reading

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Regulator Roundtable on Social Media

This week William Henley, BITS Senior Vice President for Regulation, was one of two moderators at the Regulator Roundtable on Social Media organized by SocialWare and LIMRA. Discussion focused mainly around the competing interests of marketing, communications and security issues, … Continue reading

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Securing Financial Services in Cyberspace

At the FS-ISAC & BITS Summit on May 2-4, 500 financial services, technology, risk management and security professionals contributed their perspectives on the highly dynamic cybersecurity landscape and industry-wide efforts to improve resilience. Stakeholders met to share their experiences and … Continue reading

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PODCAST: Chris Porter, Senior Risk Analyst at Verizon Business, Discusses the 2011 Verizon Data Breach Investigations Report

Listen to internet radio with ITAC on Blog Talk Radio Data loss through cyber attacks decreased sharply in 2010, but the total number of breaches was higher than ever, according to the “2011 Verizon Data Breach Investigations Report,” which officially … Continue reading

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Independent Voices #18: Proposed Debit Interchange Rule

 “It is possible that that exemption will not be effective in the marketplace.” -Chairman Bernanke THE FEDERAL RESERVE

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Independent Voices #17: Proposed Debit Interchange Rule

 “[W]e believe the proposal takes an unnecessarily narrow approach to the recovery of costs that would be allowable under the law and are recognized and indisputably part of conducting a debit card business. This has long-term safety and soundness consequences … Continue reading

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