Bashas' network attack highlights how PCI compliant companies can still be breached. So what steps should merchants take to ensure better security, and how should banks help them?
Banks have improved DDoS defenses, but ensuring ongoing online reliability requires a more offensive measure - one that rids the Internet of vulnerable sites that can too easily be used for bot traffic.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
Information sharing is key. The more we share about attacks - vulnerabilities and vectors - the more we will learn about how the attacks are waged, who's behind them and what they're after.
It's been nearly a month since the latest DDoS attack against a U.S. banking institution. What do the hacktivists say? Are the attacks over, or can we expect to see a new round of assaults?
Banking institutions can expect more cyberattacks, including threats from nation-states, as the U.S. elections draw near. So they must take adequate security steps - and clearly explain them to their customers.
Smaller institutions could use some advice on security for mobile banking and cloud computing. But federal banking regulators apparently don't plan to issue technology-specific guidance.
The only way to put a dent in financial fraud and cybercrime is through aggressive prosecution and tough sentences for the guilty. That's why a sentencing last week in the RBS WorldPay case is disappointing.
Three years after the Heartland Payment Systems breach, Heartland and the PCI Security Standards Council are taking commendable steps to improve payments security at the merchant level.
U.S. banks are well-aware of the fraud vulnerabilities magnetic-stripe cards pose, yet few have made moves toward chip technology. The time for stalling is over.
The definition of reasonable security changes over time. And that's something the courts must consider when reviewing legal disputes over fraud liability.
Banks and credit unions are investing in enhanced fraud detection, but are they spending money on the right things? The new Faces of Fraud survey report shows too many are still confused by updated FFIEC demands.
A new survey from FS-ISAC and the ABA finds financial losses linked to ACH fraud are decreasing. What are banks doing differently, and what technology investments are reaping the most rewards?
Restaurant chain Penn Station's transparent response to a card breach that hit 65 of its locations provides an example of the right way to handle post-breach communications.
Why did hackers target the federal Thrift Savings Plan? Details from the FBI and the TSP have been sketchy, and Sen. Susan Collins is demanding more information - including the reasons behind the delayed notification.
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