Although there have not yet been any confirmed reports of financial fraud associated with a major data breach at the Utah Department of Health last year, the potential for costly fraud is huge, contends Al Pascual of Javelin Strategy and Research.
In light of evolving fraud threats, financial institutions increasingly are turning to two-factor authentication solutions. Alex Doll, CEO of OneID, offers advice to help institutions make the right choices.
In an interview about the myths and realities of two-factor authentication, Doll discusses:
It isn't just the quantity of cyber-attacks that's staggering; it's the quality. The average hacker now has access to nation-state-level attack capabilities, says James Lyne of Sophos. How can organizations defend?
Hacktivists' phase 3 DDoS attacks against U.S. financial services firms have entered their eighth week, and FS-ISAC spokesman Greg Garcia says concerns are mounting that a criminal element to the attacks could emerge.
A 143-point drop in the Dow Jones Industrial Average proves the power of social media and the havoc it can cause when an account gets hacked. It's time for social media companies to tighten the authentication process.
The UK government pledges at Infosecurity Europe to help businesses improve cybersecurity. But it's going to take more than vouchers and training to address Europe's top threats to security and privacy.