TotalBank, a subsidiary of Banco Popular that has 21 locations in South Florida, is notifying 72,500 customers that their account information was potentially exposed after an unauthorized third party gained access to the bank's computer network.
Treasury Secretary Jacob Lew this week took the precedent-setting step of publicly addressing the financial system's cybersecurity shortcomings. Learn why one expert says this could represent a policy shift for the Treasury Department.
Federal authorities say the successful prosecution of a member of an international cybercrime ring proves progress is being made in shuttering ATM cash-out schemes. But some experts say processors and prepaid cards will continue to be targeted by attackers.
Enterprises should test the processes they establish to respond to advanced persistent threat attacks, just as they vet their business continuity plans, ISACA International President Robert Stroud says.
The National Institute of Standards and Technology should use the cryptographic community to help vet the advice it gets from the National Security Agency when creating cryptography guidance, a panel of prominent experts recommends.
FFIEC guidance and case law are helping banks define what constitutes "reasonable security." In a panel discussion, three experts debate the long-term impact of two recent account takeover fraud cases.
The Department of Homeland Security confirms that "a potential intrusion" of the Office of Personnel Management's network occurred in March but says officials have not identified any loss of personally identifiable information.
Check fraud remains the No. 3 source of losses for financial institutions, Information Security Media Group's soon-to-be-released Faces of Fraud survey shows. But fraud expert Wesley Wilhelm says behavioral analytics can help mitigate the risks.