Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?
Janet Napolitano's departure as homeland security secretary could have an adverse impact on the nation's cybersecurity policy, at least temporarily, considering the posts of deputy secretary and deputy undersecretary for cybersecurity remain vacant.
A new incident response publication coming from the National Institute of Standards and Technology will include guidance on how to form circles of trust - networks of IT security experts spanning multiple organizations, says NIST's Lee Badger.
Addressing cyber-attacks is not just a technology issue. It requires a holistic view from the entire organization, says ISACA's Jeff Spivey, who emphasizes the need for a framework approach to security.
Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
Electronic banking fraud is as rampant as ever because of the failure to address one of the core problems, says security specialist Tom Wills, who describes why focusing only on technology to defeat Trojans will never work.
Our analysis of U.S. government labor statistics shows a sizable increase in the IT security workforce. But the way the occupation is defined may have as much to do with the increase as the number of jobs themselves.
A unit of the U.S. Commerce Department overreacted to perceived malware infections and unnecessarily spent more than half of its IT budget to mitigate the situation, according to an inspector general audit.