When building a business continuity plan, banking institutions too often overlook certain key processes that must be maintained after a cyber-attack or a disaster, says Dan Shannon of core banking processor FIS.
Federal authorities are warning banking institutions and government agencies about a wave of DDoS attacks that could strike on 9/11. Learn what steps the FBI suggests should be taken to mitigate the threat.
John Streufert, the DHS director overseeing the rollout of a federal continuous diagnostic initiative to mitigate IT systems vulnerabilities, expects that many state and local governments will participate in the program.
Scientists are discovering ways to make quantum key distribution a more cost-effective and efficient way to securely share encryption keys, but there's still a long way to go before the methods can be practically applied.
Even with the latest disclosures of the efforts the National Security Agency goes through to decrypt Internet communications, enterprises can take specific steps to protect their information from prying eyes.
Citi's settlement with two states over a breach that exposed 360,000 cards will likely set an example for other states. One expert says banking institutions will likely pay more damages when accounts are compromised.
In his four years as a top DHS cybersecurity policymaker, Bruce McConnell learned that to build trust with the public, the federal government must be more transparent in the way it approaches security and privacy.
The massive initiative to deploy continuous monitoring at U.S. federal government agencies will be done in phases, with the initial rollout occurring over three years, the Department of Homeland Security's John Streufert says.
Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
"We've made the investments in our shields, they must work" - this statement must have been decried by legions of ancient soldiers as this age-old defense decayed before their eyes and they were crushed on the battlefield. In fact, the graveyard is littered with 'proven' defense strategies which, given time, have...