The FFIEC's Cybersecurity Assessment Tool is already being integrated into regulators' cybersecurity examinations, says Gartner analyst Avivah Litan. But the tool has so far led to more confusion than clarity, she says, and must be enhanced in 2016.
A power blackout that recently affected about 1.4 million Ukrainians has been tied to an espionage Trojan called BlackEnergy. The attack appears to be the first time that hackers have successfully used malware to help disrupt energy-generation systems.
Fraudsters consistently work across different channels to defraud banking institutions. And now banks are getting smarter about converging those channels to fight fraud. Bill Sweeney of BAE Systems Applied Intelligence shares insights in this video interview.
To minimize the risk of business email compromise schemes and similar types of fraud, senior executives at businesses should avoid posting information about their activities on social media and other accessible forums, says security expert Chuck Easttom.
Four years after European criminals exploited EMV implementation vulnerabilities to steal an estimated $650,000, security experts say not all banks have adopted full fixes. But the payment card industry contends related mitigations are in place and working.
Organizations that discover they're victims of business email compromise exploits should immediately contact law enforcement officials to report the attacks to improve the odds of finding the perpetrators, says Assistant U.S. Attorney Camelia Lopez in this video interview.
Adobe is warning Flash users to update their software immediately in the wake of zero-day attacks that can enable attackers to take full control of vulnerable systems. This year, Adobe has patched 316 bugs in Flash. Is it time for the plug-in to die?
Hyatt warns that it's the latest hotel chain to fall victim to POS malware. It's offered scant breach-related details, but lots of bromides about taking payment card security seriously and urging customers to keep paying by card.
In the wake of Juniper Networks finding "unauthorized code" in its firewall firmware that could be used to remotely access devices and encrypted communications, Cisco is reviewing its own code for signs of tampering. Will other vendors follow suit?
The latest strain of Android malware called SlemBunk tries to trick mobile banking application users into sharing their banking, social network and other credentials, as security experts see the number of mobile malware attacks continuing to increase.
You made this mess, now you'll clean it up. That's the security message of the Federal Trade Commission's settlement with Oracle over its failure to update or eliminate older, insecure - and actively targeted - versions of Java.
In terms of malware, 2015 will go down as the year that ransomware got big, and the organized criminals behind it got bolder. IBM's Limor Kessem discusses what to expect from advanced malware variants in 2016.
FireEye has issued an emergency security alert - and related patch - to fix a serious flaw discovered by Google researchers. The episode follows FireEye earlier this year being criticized for serving an injunction against other security researchers.
Global Payments Inc. plans to buy its smaller rival, Heartland Payment Systems Inc., for $4.3 billion. Both payment transaction processors have suffered massive data breaches, and industry observers are weighing in on whether the merged companies will successfully build a strong culture of security.