Security experts advise banking institutions to take several steps, including enhancing authentication and ramping up commercial customer education, as a result of an increase in sophisticated online banking attacks involving a new variant of Dyre malware.
In the four years that he led the National Strategy for Trusted Identities in Cyberspace, Jeremy Grant says he saw significant progress in the use of new forms of authentication - yet widespread acceptance remains years away.
As financial institutions update their defenses in light of new types attacks - from scams to network-penetrating cyber-attacks - they need to ensure they factor in all of the ways that their systems and employees might be targeted or manipulated.
Declaring a national emergency over hack attacks, President Obama signed an executive order authorizing the government to impose sanctions on hackers. But information security experts voice questions - and concerns.
Some legal and security experts are questioning the potential effectiveness of President Obama's new executive order that allows the U.S. government to block or seize the assets of individuals suspected of launching significant cyber-attacks
While several experts say two new cyberthreat alerts from the FFIEC are primarily designed to make sure that smaller institutions are mitigating ongoing threats, Shirley Inscoe of Aite says they could also be an indicator of new threats on the horizon.
As more mega-breaches occur, cyber-insurers will more closely assess the security risks of potential clients, leading more organizations to improve their information security programs, attorney John Yanchunis predicts.
Premera Blue Cross already is facing five class action lawsuits in the wake of its massive data breach. Meanwhile, its CEO has provided some answers to questions posed by a U.S. senator regarding the hacker attack.
DDoS attackers have been targeting the popular code-sharing website GitHub. Security experts say the massive attacks appear to have originated from China and been designed to disrupt access to GitHub-hosted anti-censorship tools.
The House Intelligence Committee has approved cyberthreat information sharing legislation that its leaders developed. Meanwhile, a national data breach notification bill has been introduced that's modeled on language proposed by the White House.