Social engineering is the ultimate con - the bag of tricks employed by fraudsters who will lie, cheat and steal their way past your organization's security controls. Their goals: theft, fraud or espionage. Your best line of defense: Your people.
Fraud incidents are on the rise - especially in financial services and...
Interview with David Jevans, Director, Anti-Phishing Working Group
Phishing, vishing, whaling - there are a growing number of electronic social engineering threats to unsuspecting consumers and their identities. Financial institutions and their customers increasingly are targets of these attacks. But they're also...
Imagine the scenario: Your institution has a customer who does all of his banking online -- bill pay, transfers, account balances. This customer calls after seeing an unauthorized transaction. After tracing the account transfers, which were wired overseas, you find the customer's computer loaded with crimeware. Your...
It's not always easy to decide to stop doing business with a person or entity. In fact, it might be a decision that many bankers aren't willing to face. However, when an institution sees a growing amount of fraud losses on a customer's online banking account due to their negligence,
Diana Kelley, partner at Security Curve, an information security advisory company that performs PCI audits shares her insights into the PCI issues facing both financial institutions and retailers.
Kelley, a former information security analyst at Burton Group, was previously an information security advisor at top...
More than 5,000 customer records from 40 international financial institutions were discovered last month on a computer server in Malaysia.
Dubbed a "crime server" by Finjan, the information security vendor that discovered it, this machine held more than 1.4 gigabytes of business and personal data stolen from...
Let the countdown begin.
As of May 1, U.S. financial institutions have just six months left to comply with the new Identity Theft Red Flag Rules, which (among other things) mandate new levels of documentation, training and awareness.
Red Flags is one of the top regulatory priorities of the year, and for many...
Arizona Central Credit Union of Phoenix, AZ., was hit with a phishing attack via text message to its members in March. While the attack was distributed on a small scale and didn't have much impact, the incident did roust the credit union staff into quick action.
Sadly, such incidents are a familiar...
One midwestern credit union (which prefers to remain anonymous), with nearly $200 million in assets and more than 30,000 members, has been phished four times -- the most recent in 2006, with three of those incidents occurring within a 90-day period.
So what do you do if your financial institution's brand is...
The hackers that broke into Hannaford Brothers, a northeast U.S. grocery chain, may have spawned other attacks, including one at Okemo Resorts in Ludlow VT. As law enforcement and forensic experts continue to sift through the evidence of these attacks, the retailer and the ski resort remain mum on further...
Learn about the latest findings on the impact of identity fraud on your financial institution and your customers:
Why banking customers are shying away from the online banking channel
How stolen identities are used to defraud your customers and damage your brand
Which banking channels are most vulnerable to...
The best offense is a good defense, especially when it comes to fighting criminal hackers.
Dr. Markus Jakobsson, principal scientist at Palo Alto Research Center and an adjunct associate professor at Indiana University, and Zulfikar Ramzan, a Senior Principal Researcher in the Advanced Threat Research Group at...
Risk management and the insider threat.
These are the two dominant themes emerging from the conversations and presentations at the RSA Conference in San Francisco this week.
From the keynote stage to the expo floor, with stops in between at the program sessions, information security experts, vendors and...
When Michael Barrett, CISO of PayPal, joined the company two years ago, he asked how senior leaders were fighting the phishing problem.
"Technically, we don't have a phishing problem," he was told.
Yes, scores of PayPal customers were inundated daily with fake emails attempting to lure them to fake websites,...
Imagine living in a country where electronic voting is universal, there are 39 million Internet users, and 25 million of them are also Internet banking users.
Welcome to Brazil, whose online banking services and lessons-learned were presented to attendees at the RSA Conference on Tuesday.
According to Maria...
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