The participation of Microsoft and other software vendors in an operation to take down 1,400 Citadel botnets illustrates why more public-private collaboration is needed to tackle emerging cybercrimes, operation participants say.
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.
An organization's security is only as strong as that of its partners, says Mandiant Director Charles Carmakal, who offers insight on common attack trends emerging from recent data breach investigations.
How could global fraudsters steal $45 million from banking institutions without being detected or stopped? It was a process breakdown, not a technology failure, says fraud expert Avivah Litan of Gartner.
FS-ISAC says it aims to demystify cyberthreats by collaborating with a cyber-intelligence firm to provide financial institutions with real-world statistics and information about the industry's latest attack trends.
It isn't just a financial services issue. Organizations of all types are victimized by data security breaches and fraud schemes that compromise payment card data. What can be done to help ensure better security and PCI compliance?
When President Obama comes face to face with China's President Xi Jinping, don't expect the American commander in chief to present an ultimatum over Chinese cybersecurity assaults on critical U.S. IT systems.
Authorities have shuttered a digital currency service allegedly used to launder funds stolen in a $45 million ATM cash-out scheme exposed earlier this month. Learn why experts say lax laws paved the way for the fraud.