Articles

SOC What? SOC1 v SOC2

The difference between SOC1 and SOC2 reports. One of the key concepts we will go over in our discussion about vendor management at the IBA Workshop on March 26th will be “third party assurance.”    Clients often ask me what the difference between a SOC1 and SOC2...

TRAC Webinar Wednesday: Effectively Managing your Vendors

Upcoming TRAC Webinar: Effectively Managing your Vendors Join us for a Webinar on February 12 One common pain point that we hear from banks is the responsibility of managing their Third Party Vendors. It can be a time consuming process for a community bank to effectively man...

Security Expert Bruce Schneier Leaves BT for Co3 Systems

Security Expert changes jobs. News of Bruce Schneier’s departure from BT was leaked publicly last month. The famed security expert will now be taking on the position of CTO of Co3 Systems, an incident response management startup. Schneier says that the timing was right for h...

Cyber-Criminals Vandalize ATMs to Install Malware

Hackers target machines with higher percentage of large bills. Researchers revealed at the Chaos Computing Congress in Germany a breach by thieves involving the vandalizing of public ATM machines. The hackers removed a section of several ATM machines in order to infect the ...

Massive Security Breach at Target Leaves Shoppers Vulnerable to Theft

Millions of credit cards and debit cards stolen A data breach at Target stores nationwide has left millions of customers vulnerable to having their bank account drained by thieves. The type of information stolen was “track data” and could be used by criminals to create repl...

How TRAC Can Help You!

Corporate Account Take Over: How CaTRAC Can Help Join us for a Webinar on January 15 We have all heard that Corporate Account Take Over (CATO) is a growing problem for community banks, but many banks are taking the wait and see approach. There is not one silver bullet that c...

The Bitcoin Protocol Explained

What is the logic behind crypto-currencies like Bitcoin? You may have read articles around the web claiming to know the future of the controversial digital currency known as Bitcoin. Many of these articles fail to go far enough in depth to formulate any kind of legitimate o...

New Type of Malware Uses Sound to Cross Air Gaps

Researchers using high-frequency sound transmission have developed a prototype malware. A unique kind of malware has been successfully developed and tested by researchers from Germany’s Fraunhofer Institute for Communication, Information Processing, and Ergonomics. The malw...

Hackers Stash Reveals Stolen Online Credentials from Facebook, Google, and ADP Payroll Services

Investigators uncovering a stockpile of online usernames and passwords find social media sites hardest hit. A mysterious group of hackers have reportedly succeeded in stealing over 2 million username and password combinations from popular online service sites. Investigators...

Awareness Poster: Who’s Going Through Your Trash?

Do you know what happens to your trash after you throw it away? It’s not something a lot of people sit to ponder on a daily basis. In truth, your trash doesn’t just magically disappear once it’s taken out to the dumpster. It sits there for quite some time, ...