In the wake of a year of attacks waged against banking institutions by Izz ad-Din al-Qassam Cyber Fighters, the FS-ISAC's Bill Nelson and the ABA's Doug Johnson say the need to regularly update DDoS preparedness is a critical lesson learned.
When building a business continuity plan, banking institutions too often overlook certain key processes that must be maintained after a cyber-attack or a disaster, says Dan Shannon of core banking processor FIS.
Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
Banking institutions have done a poor job of educating consumers about payments fraud prevention, says Aite analyst Shirley Inscoe. "Banks need to figure out how to communicate with consumers in a way consumers understand."
The old saw of a blind squirrel fortuitously finding an acorn reminds the Atlantic Council's Jason Healey of cyber-assailants from third-rate cyber-power Iran, believed to be behind DDoS attacks on U.S. banks.
Organizations won't effectively share cyberthreat intelligence until they have more efficient ways of gathering and prioritizing data, says EMC's Kathleen Moriarty, author of a new report about information sharing weaknesses....
The best ideas to secure the Internet do not come from the top-down government approach imposed by some foreign governments, but from the openness derived by a multi-stakeholder process, says Christopher Painter, America's top cyber diplomat.
The hotline, the communications link established between Washington and Moscow during the Cold War to avert a nuclear war, is being used to warn of potential cyber and environmental crises, the State Department's Christopher Painter says.