Pressure to comply with regulatory efforts such as Sarbanes-Oxley and Gramm-Leach-Bliley is the key driver of enterprisewide encryption efforts, according to security professionals at 112 financial services companies surveyed by InfoTech, yet just over half of those surveyed said that encryption of data at rest is “a high priority for their organizations.” Less than a third said they think their firms are doing “an adequate job of encrypting data at rest.” Fifty-seven percent plan new encryption efforts in the near future. @ More results from Enterprise Encryption in the Financial Services Sector are available at SM Online.
The Federal Trade Commission (FTC) has sent warning letters to 10 data brokers after an investigation indicated that they might be willing to sell personal information in violation of the Fair Credit Reporting Act (FCRA).
John Madinger, who has extensive experience as an IRS criminal investigator, has written an outstanding introduction to the complex world of money laundering. It includes interesting sections on the history of money and of money laundering along with other forms of financial crime.