BankInfoSecurity.com Webinar: Preventing TJX Type Data Breaches Airs May 15
Summary
Between the Federal Trade Commission launching an investigation into the theft, and a number of banks filing a class action lawsuit against the retailer, BankInfoSecurity.com offers an educational webinar for financial institutions on data protection.Presenters include Susan Orr, a former FDIC regulator, William Henley, Director of IT Risk Management at the Office of Thrift Supervision, and Joe Christensen, Vice President of Security and Compliance at PBT Payment Solutions, (formerly CardSystems).Financial institutions face reputation loss and waning customer confidence in the event of a massive data breach – even if it is technically outside of their control.Presenters include Susan Orr, a former FDIC regulator, William Henley, Director of IT Risk Management at the Office of Thrift Supervision, and Joe Christensen, Vice President of Security and Compliance at PBT Payment Solutions, (formerly CardSystems).Despite heavy regulatory agency guidance that strongly recommends the appropriate security controls to protect information, compliance regulations designed to protect financial institutions and their customers failed to stop the TJX breach.While the Payment Card Industry Data Security Standards issued by the major credit card companies exist, financial institutions remain carrying a majority of the losses, including loss of customer confidence.Bonus Added: Live Question and Answer Session – Following the presentation, attendees of this session will be able to ask questions from the speakers, as well as listen to information security compliance concerns from financial services organizations throughout the country.