Prosecutors have charged a resident of Great Britain with hacking thousands of U.S. government computers, including those at the U.S. Army and a number of federal agencies, to steal massive amounts of confidential information.
Organizations must develop a "defensible response" to data breaches and fraud incidents because of the likelihood of a regulatory investigation or legal action, says attorney Kim Peretti, a former Department of Justice cybercrime prosecutor.
Our inaugural Fraud Summit on Oct. 22 at the Meadowlands in New Jersey will feature an impressive lineup of information security leaders offering timely insights about practical risk mitigation strategies.
Fraudsters are using DDoS to distract banks during account takeover attempts, says fraud prevention expert Avivah Litan, who highlights DDoS trends to watch in 2014 and reviews how attack techniques have evolved in the last year.
Security teams struggling to detect signs of threats hidden in mountains of data are attracted to big data analytics. But experts advise security professionals to take an incremental approach, starting out with smaller projects.
Although skimming attacks are still the greatest ATM fraud concern, experts warn that a new malware strain that targeted ATMs in Mexico may signal a shift and raises questions about software and operating system vulnerabilities.
An ENISA white paper provides guidance on securing industrial control systems and preparing an incident response plan. Learn why these systems, used in many sectors to perform repetitive automated tasks, are vulnerable to attack.
Banking institutions and merchants are fighting back against cyber-attacks by sharing information and assisting law enforcement investigations, says Julie Conroy of Aite, which has issued a report about account takeover and cyberfraud trends.
Russian authorities have reportedly arrested a man believed to be the author of the Blackhole exploit kit, widely used by cybercriminals to exploit vulnerabilities in Web browsers and other software to infect user computers with malware.
Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.
Despite the recent lull in al-Qassam Cyber Fighters' DDoS attacks against U.S. banks, the ABA's Doug Johnson and FS-ISAC's Bill Nelson warn banks to avoid complacency, noting that DDoS attacks pose an ongoing threat.
Knowledge-based authentication is no longer reliable, says fraud expert Avivah Litan, an analyst at Gartner. She explains why so-called behavioral authentication is the only reliable way to verify users.