"A year ago, quite frankly, the capability was not there," DHS Deputy Undersecretary for Cybersecurity Mark Weatherford says. "We did not have the capacity to collaborate nearly as effectively as we do now."
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.
In a new alert, the OCC says banking institutions should be concerned about fraud attempts linked to recent distributed-denial-of-service attacks on prominent U.S. banks.
CISOs' top three priorities for 2013 are emerging threats, technology trends and filling security gaps, says RSA CISO Eddie Schwartz. But what new strategies should leaders employ to tackle these challenges?
The arrest of 10 individuals allegedly tied to a global phishing scheme that exploited Facebook is good news. But experts say banking institutions need to push stronger security and authentication to protect accounts.
Hacktivists announced Dec. 18 that they planned yet another round of distributed-denial-of-service attacks against five U.S. banks. Wells Fargo confirmed its online banking site experienced outages throughout the day.
A day after Izz ad-Din al-Qassam Cyber Fighters announced plans for a second wave of DDoS attacks, SunTrust, Bank of America and PNC experienced intermittent site issues, and U.S. Bank acknowledged the new threat.
Information sharing proved critical during the recent wave of DDoS attacks that hit leading U.S. banks. What lessons does the experience offer for organizations in other industries? Experts weigh in.
The recent wave of DDoS attacks against top U.S. banks is a wake-up call for organizations that are ill-prepared to fight against such an attack. NIST's Matthew Scholl offers strategies to mitigate the threat.
A self-proclaimed member of the hacktivist group Izz ad-Din al-Qassam Cyber Fighters says Iran is not backing DDoS attacks against leading U.S. banks. What else did he reveal about the DDoS attacks?
A key aim of the Next Generation Cyber Initiative has been to expand the FBI's ability to quickly define 'the attribution piece' of a cyberattack to help determine an appropriate response, the FBI's Richard McFeely says.
BITS, the technology division of the Financial Services Roundtable, says DDoS attacks on banking institutions are likely to continue and offers a seven-point strategy for preparation and response.
Top executives must be transparent with their stakeholders when their IT systems get attacked. Otherwise, their enterprises' reputations could be more severely damaged, says IBM Fellow Luba Cherbakov.
When it comes to fighting DDoS attacks, institutions must understand the threats against them, says Bill Wansley of Booz Allen Hamilton. Varying attack vectors require different modes of detection and prevention.
The hacktivist group Izz ad-Din al-Qassam launched a series of eight sophisticated DDoS attacks at leading U.S. banks. What lessons have been learned so far, and what additional steps can be taken?
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