The arrest of 10 individuals allegedly tied to a global phishing scheme that exploited Facebook is good news. But experts say banking institutions need to push stronger security and authentication to protect accounts.
Eurograbber got banks' attention after compromising out-of-band authentication in Europe. But researchers say it's the knowledge of the hackers behind the attack, not the Trojan, that's most concerning.
South Carolina's Revenue Department went nearly a year without a chief information security officer before its tax system was hacked this summer. The agency's chief says the state couldn't find a qualified candidate for the job that pays $100,000 a year.
Small attacks aimed at merchants are proving the most fruitful for hackers, recent analysis from Verizon shows. But risk expert Wade Baker says there are steps banking institutions can take to respond.