Hackers reportedly stole $250,000 from Bangladesh's Sonali Bank in 2013, in what's now the fourth case involving malware attacks and injecting fraudulent money-transfer requests into the SWIFT interbank messaging network.
E-commerce retailers face an ongoing battle: their websites are constantly hit by bots using stolen credentials to try to take over accounts. What can companies do to protect themselves? Akamai's Michael Smith offers advice.
A Japanese ATM cash-out scheme that stole $19 million from South Africa's Standard Bank in less than three hours illustrates why devising better ways to mitigate the risks posed by such schemes must be a priority for financial institutions in markets - including the U.S. - that still rely on mag stripe debit cards.
After blaming a recent spate of bank robberies on banks' poor information security practices, SWIFT has changed its tune. Now it says it wants to help financial firms spot related fraud and better share information about unfolding threats.
Healthcare entities are increasingly in the crosshairs of attackers who seek to cause business disruption. How can threat intelligence bolster cybersecurity defenses?
"Inside of healthcare, the data that's actually housed is greatly useful for a variety of nefarious purposes," says McWhorter, Chief Intelligence...
Upticks in point-of-sale fraud and surges in ATM skimming are hitting community banks hard, Doug Johnson of the American Bankers Association says in this video interview. Why are smaller institutions feeling the pain?
Walmart's lawsuit against Visa, which claims the card brand is unfairly preventing retailers from requiring that customers enter PINs when they conduct EMV debit transactions, poses important questions about fair business practices, says Liz Garner of the Merchant Advisory Group.
Officials in several nations are probing the security of the SWIFT interbank messaging system in the wake of recent hacker attacks. Can the bank-owned cooperative better police members, secure access to its network as well as spot emerging hack attacks and fraud?
Another series of SWIFT-enabled hack attacks against a bank has come to light, following the theft of $81 million from the central bank of Bangladesh and SWIFT warning that other banks are also being targeted.
Vietnam's TPBank says it successfully foiled more than $1 million in fraudulent transfer requests apparently initiated by the same hackers who targeted Bangladesh Bank and other SWIFT-using institutions with PDF reader malware.
Law enforcement agencies have scored some notable botnet-busting successes, disrupting malicious infrastructure and arresting botnet-using gangs. But cybercriminals are adapting, one top EU cybercrime investigator warns.
Nearly every major breach over the last three years - including Anthem, Target, Home Depot, Office of Personnel Management, the Internal Revenue Service, the National Security Agency - shared a crucial commonality: attackers gained entry using compromised or stolen credentials.
This range of identity-centric...
After any significant breach, many parties - ranging from customers, clients, business partners and government agencies - will demand clarity as to how and what data was stolen.
The Federal Trade Commission, for example, acts to ensure that any given organization is not negligent or reckless with private...
The Obama administration has implemented a number of cybersecurity and privacy initiatives and policies aimed at making IT more secure for the federal government and the private sector, including the cybersecurity framework, National Strategy for Trusted Identities in Cyberspace, employing encryption and sharing cyber...
Cloud computing is revolutionary evolution- it is continuous, rapid, radical, and pervasive. More than 90 percent of enterprises are leveraging public cloud computing to provide some level of business services. We have embarked on a journey into the cloud that is irreversible, largely unknown, and unknowable. Fueled...