Spear phishing, or targeted phishing, schemes are the industry's most concerning trend, according to a new report from the APWG. So, what can we do to curb phishing attacks? Executives at BITS and FS-ISAC have a new idea.
What steps can smaller organizations and their vendors take to ensure security and regulatory compliance? They must transcend what researcher Wendy Nather calls the 'Security Poverty Line.' See how.
Losses linked to debit fraud now exceed losses connected to check fraud, according to a new survey by the American Bankers Association. How are banks responding to the threat?
Recently discovered viruses, consisting of Trojans and other malware, at City College of San Francisco have stolen personal banking information and other data from perhaps tens of thousands of students, faculty and administrators, says John Rizzo, president of the board of trustees.
Improved collaboration and communication between small businesses and financial institutions is the first step toward improving online security, says Mark Patterson, an ACH fraud victim. What else would help?
Online shoe and clothing retailer Zappos.com has issued an e-mail alert to more than 24 million customers regarding a newly-discovered data breach of an internal network.
Cyberhackers are increasing their efforts to target online credentials. And phishing attacks waged against accountholders at Chase in the U.S. and Barclays in the U.K. have made it clear that banking accounts are the target.
Steven VanRoekel says the mobile revolution will fundamentally change the way the federal government serves the public and its employees. But in outlining the Federal Mobile Strategy, the federal CIO hardly mentions security and privacy.
John Carlson sees the evolution of technology introducing new threats to financial institutions. So, how will BITS' new VP of cybersecurity and fraud prevention help banks mitigate those risks?
As U.S. banking institutions work to conform with the FFIEC Authentication Guidance, are they now doing better jobs of detecting and preventing incidents of ACH and wire fraud?
"Banks and businesses have to realize: It's not a matter of 'if' when it comes to these attacks," says Barry Rich, CFO of Tennessee's CapitalMark Bank & Trust. "it's just a matter of when."
ACH/Wire fraud was the big story in 2010 and helped influence the updated FFIEC Authentication Guidance. So, have incidents of corporate account takeover decreased in 2011, or are we just hearing less about them?
In their efforts to enforce security layers and multifactor authentication, are banks and credit unions still missing a core problem - the real vulnerabilities fraudsters are banking on?
How prepared are most U.S. banks and credit unions are the first wave of exams since issuance of the FFIEC Authentication Guidance? Insights from industry experts might surprise you.
As 2012 nears and federal regulators prepare to examine financial institutions for conformance with the FFIEC Authentication Guidance, just how prepared are banks and credit unions? The answer may surprise you.
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