Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?
Electronic banking fraud is as rampant as ever because of the failure to address one of the core problems, says security specialist Tom Wills, who describes why focusing only on technology to defeat Trojans will never work.
Despite what's now been a two-month break from hacktivists' DDoS attacks on banks, we can expect more assaults from Izz ad-Din al-Qassam Cyber Fighters. And this next wave should concern us all. Here's why.
The best argument for enactment of a federal data breach protection law to replace 46 state statutes is that physical location is not relevant in a society that relies on mobile technologies, says public policy advocate David Valdez.
Cyber-attacks are taking aim at governments, banks and organizations across numerous sectors, says former FBI investigator Shawn Henry. But how much do we know about the actors waging these attacks and who their top targets are?
Here are some questions we'd like to ask the former systems administrator at the National Security Agency to learn more about the motivation behind his leak of the U.S. government's top-secret information collection programs.
Distributed-denial-of-service attacks are perfect weapons for cybercriminals and political adversaries, says Prolexic's Scott Hammack, who explains why any organization with an online presence should brace itself for attacks.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
DDoS attacks on U.S. banks will continue, and community institutions may well be the next major targets. Rodney Joffe of Neustar offer tips for how smaller institutions can assess and mitigate DDoS risks.
In an interview about DDoS threats and defenses, Joffe discusses:
Why community banks must consider...