A new banking Trojan known as Gozi Prinimalka, which researchers say has been targeted to hit at least 30 U.S. institutions, can circumvent many fraud-detection and prevention defenses. So what prevention steps should financial institutions take?
Cyber crime attacks result in serious financial consequences, according to results from the HP Ponemon 2012 Cost of Cyber Crime Study. A better understanding of the attacks can be useful to prioritize security investments and strategies.
A group of highly respected IT security thought leaders is calling on the Obama administration to exercise existing powers to strengthen the processes the federal government employs to secure its information systems.
Employing cloud computing services could help organizations defend against the type of distributed denial of service attacks that have temporarily crippled the online service of major American banks, says NIST's Matthew Scholl.
HSBC Holdings, a British multinational bank, is the 10th financial institution to suffer online outages as a result of a distributed denial of service attack in recent weeks. What was the impact of the attack?
BB&T Corp. confirms it's been hit by a DDoS attack, making it the ninth U.S. bank to be targeted in five weeks. The online outage at BB&T comes on the heels of the attack that hit Capital One on Oct. 16.
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As DDoS attacks on banks continue, institutions can take immediate steps to lessen the impact on customer experience and reduce fraud risks. Jason Malo of CEB TowerGroup offers insight.