Communication is key in the wake of a cyber-attack, says Dennis Simmons of SWACHA, who explains how simulated attack drills will help banks overcome their information sharing challenges.
A prolonged federal shutdown in which many IT security personnel have been furloughed could make it much more difficult for the government to recruit and retain needed cybersecurity experts.
Adobe is notifying 2.9 million customers that their personal information has been compromised as a result of a breach into the software company's network. Source code for numerous products was also illegally accessed.
Regulators need to do a better job of notifying banks promptly when they find severe security flaws at third parties, especially core banking processors. And community banks need to collaborate on assessments of third-party risks.
In the wake of an ongoing stream of merchant and payment processing breaches, the FDIC is reminding smaller banking institutions that they are ultimately responsible for ensuring the security of cardholder data.
Mitigating card risks associated with retail malware attacks and POS vulnerabilities is a focus of updates to the PCI Data Security Standard, say Bob Russo and Troy Leach of the PCI Security Standards Council.
Successfully implementing the SANS 20 Critical Security Controls requires far more than just deploying systems, platforms or services. Experts offer insights on effective strategies for leveraging technical controls.
Hackers allegedly trafficking in personally identifiable data have reportedly breached the computers of three major data aggregators, raising doubts about knowledge-based authentication as a tool to verify identity.
Faced with the growing threat of breaches, cyber-attacks and fraud, more organizations are building robust incident response strategies that identify how an investigation would proceed. Experts offer insights on effective investigation management.
More than 1,000 banks will test their incident response strategies by participating in a simulated cyber-attack exercise. SWACHA's Dennis Simmons says the drill, which is open to more participants, will help bolster defenses.
Comptroller of the Currency Thomas Curry's comments in a Sept. 18 speech could be an early indication that regulators will put more pressure on banks and service providers to fill cybersecurity gaps, some observers say.
Termination of an employee after a breach should be reserved for repeat offenders, individuals who show a total disregard for the rules, those who seek to harm another or the most egregious incidents, security expert Mac McMillan contends.
Banks have a critical role to play in helping other industries with DDoS mitigation, as DDoS targets are expected to shift. Attacks against U.S. banks are proving increasingly ineffective because banks have enhanced their defenses.
In the wake of a year of attacks waged against banking institutions by Izz ad-Din al-Qassam Cyber Fighters, the FS-ISAC's Bill Nelson and the ABA's Doug Johnson say the need to regularly update DDoS preparedness is a critical lesson learned.
In this week's breach roundup, read about the latest incidents, including the Medical University of South Carolina notifying 7,000 individuals that their credit card information was compromised as a result of a card processor breach.
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