Heartbleed, Shellshock, targeted attacks - the security threats to banking institutions are legion. And there are new banks can get better at detecting these evolving threats, says Solutionary's Jeremy Nichols.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
The hackers who breached JPMorgan Chase also infiltrated about nine other financial institutions, and may be operating from Russia, according to one news report. But security experts caution against jumping to conclusions over attackers' identities or motives.
If JPMorgan Chase, which was considered one of the most secure organizations in the world, can be breached, then virtually all other banks likely are at risk, too. Experts explain why early detection and information sharing are key to mitigating threats.
The development of authentication technologies that could replace the password is "nearing a tipping point," but there's still several years of work to do, says Jeremy Grant, who oversees the National Strategy for Trusted Identities in Cyberspace.
The Justice Department announces that four alleged members of an international hacking ring have been charged with stealing intellectual property valued at $100 million, including a U.S. Army Apache helicopter simulator and Microsoft Xbox prototypes.
The automated version of the IT risk management and governance framework should save project leaders 30 to 60 hours of work over a manual process of building a secure IT system, ISACA President Robert Stroud says.
In a wide-ranging interview, the acclaimed expert on cybersecurity strategy addresses the cyberthreat posed by ISIS and explains why Congress is unlikely to enact significant cybersecurity legislation this year.
As news of the Shellshock bug continues to spread, CISOs in all sectors are taking steps to mitigate the risks posed by the vulnerability. Likewise, regulators and industry groups have ramped up dissemination of alerts.