The National Credit Union Administration is the second federal regulator to issue a warning about fraud risks linked to DDoS. One legal expert says banking institutions must heed the warning.
How do we lessen the risks posed by mobile devices and their apps, along with direct access provided to proprietary corporate data and networks? Here are five clear, actionable ways to mitigate your risks.
Seven banking institutions that are seeking recovery of losses suffered after Heartland's 2008 breach have appealed a lower court's dismissal of their negligence claims against the N.J. processor.
IT security provider Mandiant issues a comprehensive report documenting how a Chinese army unit has for years been hacking into the computers of businesses and governments in mostly English-speaking nations, especially the United States.
Bashas' network attack highlights how PCI compliant companies can still be breached. So what steps should merchants take to ensure better security, and how should banks help them?
Even the brightest technologists aren't immune from cyber-attacks. Just ask Facebook. The social-media company says it fell victim to a sophisticated attack in which an exploit allowed malware to be installed on employees' laptops.
Some of the largest banks in the U.S. were unable to ward off sophisticated DDoS attacks, so what can smaller organizations do? Plenty, says Marty Meyer, President of Corero Network Security.
"We simply did not follow the best practices we recommend to our customers by making certain our product was on all physical and virtual machines within Bit9," says Chief Executive Patrick Morley.
Security threats to healthcare organizations are on the rise - and so are regulatory requirements. Kim Singletary of McAfee discusses the top breach prevention and response challenges for healthcare organizations in 2013.
The Federal Reserve confirms it's been breached. What message does this attack send to banking institutions and their vendors about the heightened urgency to implement security best practices?
The compromise of hundreds of payment cards, apparently tied to fraud worldwide, has been linked to a network hack affecting an Arizona supermarket chain. And the attack involved a new kind of malware, the chain says.
"The attackers were extremely sophisticated, and we believe other companies and organizations have also been recently similarly attacked," Twitter's Bob Lord says.
"We felt that it was very important to come out with this and say this was how easy it is for them to break into any U.S. company, and here's how they're doing it," The New York Times' Nicole Perlroth says.
Although a hacktivist group says it has suspended distributed-denial-of-service attacks on U.S. banking institutions, banking and security leaders aren't convinced. "Banks should certainly remain on guard," says Gartner's Avivah Litan.
Using technology to prevent breaches is insufficient. Security leaders also must address the human factor, making sure staff members receive appropriate training on clear-cut policies - before it's too late.
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