Emerging reports now suggest other financial institutions may have been targeted by the same hackers who breached Chase. But how can we be sure? Mark Clancy of the Depository Trust & Clearing Corp. explains why the analysis is challenging.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
If JPMorgan Chase, which was considered one of the most secure organizations in the world, can be breached, then virtually all other banks likely are at risk, too. Experts explain why early detection and information sharing are key to mitigating threats.
European financial services firms and law enforcement agencies have been stepping up their efforts to trade actionable intelligence and better defend themselves against emerging malware and fraud campaigns.
Fraudsters continue to make inroads against financial institutions based in the United Kingdom - and beyond - because banks aren't working together to share information about the attacks they see, according to presenters at the London Fraud Summit.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.
Initial reports suggested that Russian hackers could behind an attack against JPMorgan Chase, and perhaps other U.S. banks. While it's still far from clear who the culprits are, experts discuss the potential hacking motivations of a nation-state.
Michael Daniel explains that among his biggest challenges as special assistant to the president is fully understanding the economics and psychology behind cybersecurity, topics that few people have mastered.