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.
With the Senate Intelligence Committee overwhelmingly approving the Cybersecurity Information Security Management Act, common wisdom dictates the bill will head directly to the Senate floor. Not so fast.
Criminals have begun targeting ATMs in Western Europe using malware, as well as a new generation of stealthier skimmers designed to capture card data and PIN codes. But the stolen data is often used for fraud elsewhere, especially the U.S.
The idea of a cyber war council, reportedly proposed by a financial services industry trade group, has not received an enthusiastic reception from cybersecurity experts, some of whom question its viability to defend against cyberattacks.
The Senate Intelligence Committee, by a 12 to 3 vote, has approved the Cybersecurity Information Sharing Act of 2014, which its sponsors say would encourage the federal government and private sector to voluntarily share cyberthreat information.