Spear phishing attacks are increasingly sophisticated. Banking institutions must learn more about how fraudsters dupe one's customers and employees, says a panel of three financial fraud experts.
To honor our loyal readers, and to invite even more of their comments, we're debuting a new, weekly infographic entitled ISMG Buzz, in which we offer a "best of" compilation of the latest insights.
Peruse the agenda for the Black Hat security conference that's being held this week in Las Vegas and you'll get a peek at some of the major cybersecurity challenges ahead - and potential solutions.
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.
The Target breach. Account takeover. Mobile banking. Big data analytics. If these terms mean anything to you, then stop right now and give some thought to attending our Fraud Summit in San Francisco on April 29.
President Obama has reportedly decided that the government shouldn't exploit encryption flaws, such as Heartbleed, in most instances unless there's "a clear national security or law enforcement need." But how should that need be determined?
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