MADISON, Wis. (1/19/10)--Last year was “a banner year” for information security news, and as 2010 approaches, more regulations, fines and lawsuits are occurring because of information security, according to Perimeter eSecurity. CUNA Strategic Services (CSS) is offering a free webinar Jan. 27 on how to prevent security problems. CSS will offer “Detect and Protect: Resolve to Fight Cyber Threats in 2010” at 1 p.m. CST. The webinar is 90 minutes. Perimeter will be one of three security experts on the panels. “Data security breaches are nasty business and should be avoided at all costs,” said Kevin Prince, Perimeter eSecurity chief technology officer. Prince will provide information and advice on:
* Anti-money laundering and fraud deterrence; * Network and information security; and * Identity theft protection.
Other webinar speakers include Andrew King, vice president of operations at Verafin, and Lynn Sheck, senior vice president of business development at Intersections. Verafin and Intersections are CSS providers. According to the Identity Theft Assistance Center, a nonprofit coalition of financial services companies committed to protecting members from identity theft, financial institutions and consumers need to be aware of:
* Expanded identity management; * Effects of “Red Flag” rules; * Potential regulations for consumer breaches.
Nearly 10 million Americans were victims of identity theft in 2008, and 1.6 million households experienced fraud related to compromised bank accounts or debit cards. A data breach costs a business an average of $6.65 million a year and it takes a victim roughly 44 hours to recover from identity theft, said CSS. For more information, use the link.