A new twist in the ongoing online security battle between banks and their commercial customers was reported this week after a corporate account in Omaha, Neb., was hit with thousands in fraudulent ACH transactions.
Experts advise healthcare organizations that are considering using cloud computing to ask vendors tough questions about privacy and security and carefully consider whether they need additional liability insurance coverage to address the risks involved.
In the age of high-profile attacks, such as a distributed denial-of-service attack against South Korean websites, organizations are shifting their focus in terms of cybersecurity, McAfee CTO/Public Sector Phyllis Schneck says.
This $38 billion bank has invested a great deal of time and effort into its online security program, continuously conducting risk assessments and making strides to ensure commercial customers stay informed about evolving online-banking risks.
The Department of Veterans Affairs is seeking advice from cloud computing vendors on the feasibility of using commercial software-as-a-service collaborative tools that eventually could meet the needs of all of its 134,000 medical personnel.
Because social media pose significant risks to patient privacy, healthcare organizations need to develop detailed social media policies. But unfortunately, many organizations have yet to take that action.
"Organized crime sees that this is a good business to come in, exploit and take advantage of the loopholes," says L.T. Lafferty, criminal defense attorney and mortgage fraud expert, on the schemes that cost banks billions each year.
Federal CIO Steve VanRoekel says the freeze extension would "reinforce the importance of curtailing the proliferation of standalone .gov sites and infrastructure. Should agencies need to establish new web content during this timeframe, they should leverage existing .gov sites."