Banks have a critical role to play in helping other industries with DDoS mitigation, as DDoS targets are expected to shift. Attacks against U.S. banks are proving increasingly ineffective because banks have enhanced their defenses.
Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
Account takeover fraud is growing globally, and it's not just banks that are suffering, says analyst Julie Conroy. Here, Conroy explains why fraudsters continually have the upper hand.
A new cross-device malware strain that has been linked to last year's High Roller attacks is defeating dual-factor authentication. Experts explain why banking institutions worldwide should be on alert.
White House Cybersecurity Coordinator Michael Daniel sees significant savings in continuous diagnostics because the automated approach to identifying systems vulnerabilities could replace costly checklist compliance reporting.
At $1.5 million, it's one of the largest account takeover incidents on record. Attorneys review the Efficient Services Escrow case and ask who will be held responsible - the customer or the bank?
While user education is valuable, needed and helpful, there is one problem with this approach - it only partially works, and partially working is simply not good enough, security expert George Tubin contends.
What struggles do smaller financial institutions face when it comes to implementing anomaly detection practices and procedures? Former federal banking examiner Amy McHugh offers insight.
Former federal banking examiner Amy McHugh says detailed risk assessments have to be a priority. And recent legal decisions and settlements in disputes involving corporate account takeover prove why.
Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?
Hacktivists may have halted their attacks, but DDoS strikes against U.S. banks continue. Download-flooding attacks that took aim at two banks last week demonstrate the need for continued vigilance.
Reports of account takeover incidents have increased in the last 18 months, yet losses have remained steady, says former federal banking examiner Amy McHugh, who analyzes what security measures are working and what still needs to be done.
A new precedent in ACH and wire fraud liability could be set if Choice Escrow is successful in its appeal to have a lower court's ruling overturned. Legal experts explain why this could prove to be the new benchmark.
Advanced threats and mobile security were the buzzwords of the Gartner Security & Risk Management Summit. What new insights did thought-leaders share, and how can they reshape our security posture?
Former federal banking examiner Amy McHugh says banks can learn a lot from recent legal decisions and settlements in account takeover cases, including which authentication and online-banking security investments they should make.
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