Cybercriminals are stepping up their attacks on financial institutions by gaining control of customer devices with highly advanced man-in-the-browser (MitB) malware and spear-phishing attacks. They then conduct real-time credential theft and take over accounts. The main reason for cybercriminals' continued success is...
U.S. banking institutions are reluctant to acknowledge - much less discuss - ongoing DDoS attacks. But in recent regulatory statements, the nation's largest banks are candid about DDoS and its impact.
Call center fraud is becoming a bigger problem for banks and credit unions, and one new scheme identified by a community bank in Georgia illustrates how scams are getting more difficult to detect.
Illinois-based bank holding company QCR decided to make a shift in its online-banking platform strategy after a risk assessment revealed security enhancements and customer experience improvements were needed.
History shows that DDoS phase 3 may end soon, and banking institutions can expect an even more powerful 4th wave. "There is little reason for the attacks to cease," says Javelin's Al Pascual.
How are banking institutions reducing losses linked to account takeover incidents? Bill Nelson of the FS-ISAC describes new approaches institutions are taking to address this lingering fraud problem.
New and proposed FFIEC guidance for fraud prevention and social media spurred Bank of the West in March to launch a viral campaign aimed at fraud awareness. What are the campaign's key elements?
Every enterprise has high-value information that is vital to its success. As cyber-attack techniques become more sophisticated your "digital gold" is increasingly vulnerable. Today's cyber threats have changed in sophistication, in focus, and in their potential impact on your business.
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From sophisticated Trojans to mobile malware, UK banking institutions and their customers are under attack by an evolving array of threats. At the same time, the regulatory landscape is shifting - the Financial Services Authority has split into two new agencies, and it also has conducted a review that will result in...
A new ruling in the Choice Escrow vs. BancorpSouth case finds that refusing fraud-prevention tools offered by banks can shift liability for fraud losses back on commercial customers. What does this ruling mean for other institutions?
Banking fraud is a sophisticated global business carried out by organized, professional criminal gangs. To effectively combat the fraudsters, banks and credit unions must be at their best. Based on Guardian Analytics' fraud analysts' collective 50 years of practical field experience, this white paper presents proven...
DDoS attacks, mobile malware and tax fraud are growing concerns for U.S. banks. But what's the top threat these institutions and their customers face in 2013? Nancy Guglielmo of BITS offers her insights.
Hacktivists have formally launched their third wave of distributed-denial-of-service attacks on U.S. banking institutions, and their botnet is growing. How should institutions prepare to defend?
From sophisticated malware to socially-engineered schemes, banking institutions of all sizes are under constant, multi-channel attack. How can they respond? Daniel Ingevaldson of Easy Solutions shares ideas.
The PATCO fraud case shows why banking institutions cannot rely on compliance to ensure security. In an RSA 2013 preview, attorney Joseph Burton discusses legal lessons from the PATCO settlement.
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