Police say financial specialist Librado Wright spent months siphoning more than $500,000 from Wachovia Bank's customer accounts. But when he attempted to withdraw the funds, the bank had a surprise for him.
A new intelligence community report to Congress shows how the proliferation of new technologies, such as portable devices that connect to the Internet, will create new espionage opportunities for malicious actors.
The draft publication defines high-priority requirements for standards, official guidance and technology developments that need to be met in order for agencies to accelerate their migration of existing IT systems to the cloud computing model.
On Tuesday, Bank of America caved in to competitive and public pressure, reversing its decision to impose a fee for consumer debit transactions. So, now where will institutions find new revenue to help fight fraud?
Online risks, card skimming and data leakage are the top threats to Asia Pacific and Indian banks, and financial institutions are just starting to implement security measures and regulations to combat the growing threat landscape, says Gartner's Matthew Cheung.
Researchers at security vendor Symantec say they've been in contact with a 20-something Chinese man who may be behind a series of attacks against U.S. businesses with the aim to steal intellectual property.
"I've been working with a top tier bank to try to develop continuity strategies to implement during this kind of disaster, and it's not a trivial problem," says financial security consultant Jerry Silva.
ID theft expert Joanna Crane wonders whether banks, government agencies and healthcare providers do enough to assist consumers with ID theft recovery, saying consumer expectations are often loftier than what's being done to meet the demand.
Today ends National Cybersecurity Month, and one thing is clear: cybersecurity awareness does not equate secure cyber. "The market still doesn't appreciate how much good cybersecurity is worth," Rep. Jim Langevin says.