Fraud threats have changed little in the past decade. But their global scale has, and James Ratley, president of the ACFE, details how fraud examiners must change their approach to fighting these crimes in 2012.
As a former victim of online banking fraud, I know: Text alerts and interactive messaging can improve online banking security and also enhance the customer/member relationship.
Want more money to spend on your enterprise's information security programs? Deloitte's Mike Brown and Amry Junaideen say IT security managers must show their non-IT bosses how the lack of IT security would adversely affect their operations.
IT security practitioners should understand why the bits, bytes and network connections - the technologies - are important to their organization's goals. Ignorance of the mission, for IT security folks, isn't bliss.
The certificate authority system is flawed. It's like the Wild West, disjointed and unregulated, where no enforcement exists for standardized accountability.
The 9/11 attacks did not just affect America; they impacted the world. The events of that day stir frightening memories in everyone. In the end, every nation is vulnerable to terrorism.
"If left unaddressed," GAO says, "these issues will continue to increase FDIC's risk that its sensitive and financial information will be subject to unauthorized disclosure, modification or destruction."
Organizations taking proper preventative measures realize a cost savings of nearly 25 percent over those that don't, an analysis of a survey sponsored by Hewlett-Packard reveals. Still, the study shows, it takes longer to resolve cyberattacks than it did a year ago.
Security experts at this week's Gartner Security and Risk Management Summit agree: Security, not compliance, has to be the new focus. Cyberintrusions cannot be stopped, and the RSA breach should be a lesson to the industry.
Two stories stand out when I look back on the month of May: the POS PIN pad swap scheme that hit Michaels crafts stores in more than 20 states and the insider job at Bank of America that led to $10 million being stolen from some 300 customer accounts.
Wire fraud incidents from China prove current security measures, including multifactor authentication, are too easy to bypass. And security pundits say it all points back to why the financial industry needs more guidance about adequate online security.
The Social Security Administration sold the information in a database of deceased individuals that erroneous contained the Social Security numbers, dates of birth, full names and ZIP codes of living people, the inspector general reports.
The advanced persistent threat attack against RSA has raised the visibility of multifactor authentication technology to potential users. And, in the long run, that might help RSA's bottom line.
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