So-called patent trolling is getting attention from banking leaders and the White House. As patent attorney James Denaro points out: "Essentially every single financial institution is at risk of being accused of infringement."
The OCC's DDoS risk warnings to community banks may indicate more regulatory scrutiny is on the way. Banks should prepare for more oversight of their cyber-attack reporting and threat mitigation practices.
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
Collecting massive amounts of data on individuals, whether in the government or private sector, has become the norm in our society. It's not quite Orwellian, but it's a situation we might have to learn to live with.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.
What can U.S. and European organizations learn from Asia-Pac about advanced mobile tech and increasing cyberthreats? That's a question I hope to answer while in Singapore for RSA Conference Asia Pacific 2013.
When President Obama comes face to face with China's President Xi Jinping, don't expect the American commander in chief to present an ultimatum over Chinese cybersecurity assaults on critical U.S. IT systems.
Authorities have shuttered a digital currency service allegedly used to launder funds stolen in a $45 million ATM cash-out scheme exposed earlier this month. Learn why experts say lax laws paved the way for the fraud.