A new cyberattack trend report from Europol notes that while online criminals continue to refine their capabilities, old and unsophisticated attacks too often still succeed, thanks to poor digital hygiene and a lack of security by design and user awareness.
Four years after the FFIEC issued its updated authentication guidance, many banking institutions say account takeover losses have gone up, a new survey shows. John LaCour of PhishLabs explains why institutions' reactive approach to fraud is failing.
Cisco announced plans to pay $635 million to purchase cloud security firm OpenDNS to better secure the "Internet of Everything." OpenDNS says the acquisition will leave its products and personnel intact.
It's been two years since the FFIEC issued updated guidance for online-banking transactions. But how effective have banks' conformance strategies actually been at curbing fraud? Experts weigh in.
Spear-phishing attacks are up and targeting individuals across all industries, according to a new warning from the FBI. Security experts advise how organizations can better detect and prevent attacks.
Attacks aimed at mobile devices are progressing much more rapidly than any attacks ever waged against PCs. Organizations are in danger if they don't pay attention, says anti-phishing expert Dave Jevans.
Customers want to be involved with their banking security, but few institutions allow them to play active roles in fraud prevention. What has to change?
We all know the online shopping risks consumers face on CyberMonday. But how does the BYOD mobile computing trend impact risks to organizations from their own employees shopping on the job?
Consumers say convenience outweighs risk when it comes to banking online. And the ABA's Nessa Feddis says online banking is actually more secure than most industry pundits suggest.
As details about the Epsilon e-mail breach unfold, the list of affected companies grows, including major banks and merchants. Here is the latest list of the companies known to have been impacted by the incident.
Communicating with customers about the incident and warning them not to click links in phishing e-mails are all these impacted institutions and companies really can do, says Jeremiah Grossman, chief technology officer of WhiteHat Security.
"It is the biggest breach we have ever seen; and to say no financial information has been stolen is, well, understating the massive breach and concern," says Neil Schwartzman, founder and chief security specialist at CASL Consulting.
"While these arrests may make some think twice, the vast majority of criminal enterprises will keep pursuing the millions to be made from flawed security systems." - Robert Siciliano, ID theft expert
From Bear Stearns to IndyMac, Eliot Spitzer to Bernard Madoff, AIG to WaMu, BCP to TARP...2008 has been an historic year for banking institutions. And everybody from regulatory examiners to practitioners and service providers looks forward to closing the books on the old year and ringing in the new.
As we head into...
Financial institutions should brace themselves for more malicious attacks, as the recent Threat Horizon 2010 report from the Information Security Forum (ISF) warns of an increase in such threats -- including attacks from organized crime and industrial espionage.
"In general, financial services probably represent...
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