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.
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.
A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
The 9/11 Commission, in its 10th anniversary report, cautions Americans and the U.S. government to treat cyberthreats more seriously than they did terrorist threats in the days and weeks before Sept. 11, 2001.
New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.
A security expert and average consumers respond differently to the eBay breach. As most customers retain a high degree of faith in online merchant security, the expert believes eBay committed a serious sin in its lack of strong authentication.
With the Senate Intelligence Committee overwhelmingly approving the Cybersecurity Information Security Management Act, common wisdom dictates the bill will head directly to the Senate floor. Not so fast.
Banking institutions must improve how they analyze cyber-threat intelligence. But without better tools, security leaders can't adequately anticipate new attacks, says Greg Garcia, the new executive director of the FSSCC.
A call center worker at the Connecticut health insurance exchange loses a backpack containing notepads containing sensitive consumer information. Investigators want to know why the paper-based information left the building.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
Embedding some information security practitioners within business units could help improve IT security awareness in many enterprises, reducing security risk, says Steve Durbin, global vice president of the Information Security Forum.
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.