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.
International markets that have implemented EMV technology are seeing reductions in card fraud, but non-EMV markets are seeing dramatic upticks, says U.K.-based card fraud expert Neira Jones.
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...
Iris scanning is becoming old hat for authenticating individuals entering secured facilities or crossing international borders, but it remains several years away for use in providing access to IT systems.
Few community banks and credit unions have taken the necessary steps to help guard against the growing risks of patent infringement lawsuits. What lessons can they learn from larger institutions?
With lawmakers heading back to Washington, the Senate likely will take a piecemeal approach to cybersecurity legislation, says Jacob Olcott, the former counsel to a committee whose leaders introduced a draft bill.
Today's advanced threats are no secret. Focusing the correct resources on them is the true challenge, says Will Irace of Fidelis. He offers tips for harnessing the right skills and technology.
Federal indictments tied to global fraud schemes prove law enforcement is cracking down, says former federal prosecutor Kim Peretti. But increasingly these schemes are targeting smaller merchants - a worrisome trend.
It's time to start thinking about the next wave of DDoS attacks, says Neustar's Rodney Joffe. And it's time for other critical infrastructure industries - not just banks - to assess their risks.
In late July, Izz ad-Din al-Qassam Cyber Fighters announced the launch of Phase 4 of distributed-denial-of-service attacks...
Many banking institutions have done a poor job of addressing call-center fraud, says IDC analyst Jerry Silva, who offers tips on addressing the challenge of balancing customer service with security.
Operators of media sites should consider adoption of the cybersecurity framework in the aftermath of the recent domain name systems attacks aimed at The New York Times and Twitter.
Recent high-profile attacks on banking institutions and payments processors showcase the technical sophistication of cybercriminals. Organizations must prepare now for the next wave of attacks.
A new cross-device malware strain that has been linked to last year's High Roller attacks is defeating dual-factor authentication. Experts explain why banking institutions worldwide should be on alert.
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