When it comes to e-marketing and the reliance on third parties such as Epsilon, Nicolas Christin of Carnegie Mellon University says banks and merchants should "come clean" about the information they share with outside entities.
Communicating with customers about the incident and warning them not to click links in phishing e-mails are all these impacted institutions and companies really can do, says Jeremiah Grossman, chief technology officer of WhiteHat Security.
Privacy Attorney Lisa Sotto says the Epsilon e-mail breach is a warning about the state of data security employed by some third-party service providers. Strong contracts related to security practices must be the norm, not the exception.
"It is the biggest breach we have ever seen; and to say no financial information has been stolen is, well, understating the massive breach and concern," says Neil Schwartzman, founder and chief security specialist at CASL Consulting.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
Social engineering is the ultimate con - the bag of tricks employed by fraudsters who will lie, cheat and steal their way past your organization's security controls. Their goals: theft, fraud or espionage. Your best line of defense: Your people.
Fraud incidents are on the rise - especially in financial services and...
Join in this tactical discussion of how financial institutions are using new technologies to successfully prevent, identify and respond to security threats, no matter where they originate.
Learn how to identify, prevent and rapidly respond to user threats and data breaches
Find out how, while mitigating...
Forensics has become a hot topic for a variety of internal factors, including the importance of the Internet to everyday business and, with it, the rise of electronic fraud.
Externally, financial institutions especially feel regulatory heat in the form of FFIEC GLBA Notification Rule, SEC/NASD Rule 3010 and even he...
Learn in detail the current financial scams in circulation from phishing and lottery scams, ATM and credit card skimming, among many others.
Learn proactive defenses to prevent consumers and employers from falling victim.
In this webinar, you will be privy to the following topics of discussion:
Describe malware, crimeware intrusions and how they relate to phishing;
Overview of current attacks and help to anticipate likely trends;
Describe different ways clients are attacked, understanding of proactive defenses;