Too many organizations are spending far too much money on gathering big data that they cannot put to good use, such as for fraud prevention, says IDC analyst Jerry Silva, who stresses that investments must have strategic value.
Spear-phishing attacks aimed at bank employees are on the rise, and community banks and credit unions are particularly vulnerable. Learn why experts say authentication is failing to address the problem.
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.
TD Bank has been ordered to pay $52.5 million in penalties for violations of the Bank Secrecy Act and securities laws as a result of failing to file timely suspicious activity reports related to nearly $1 billion worth of transactions.
Version 3.0 of the Payment Card Industry Data Security Standard, to be released later this year, will include a focus on the standardization of compliance assessments, says Bob Russo of the PCI Security Standards Council.
NIST awards a total of $7 million in grants to five organizations to develop and pilot reliable and easy-to-use identity credentials that could help build trust in online commerce and boost the economy.
How much of a free hand should units within an enterprise have in deciding social media policy? DHS's inspector general and acting chief privacy officer don't always see eye to eye on how the department should govern social media use.
On the one-year anniversary of al-Qassam Cyber Fighters' first announcement about DDoS attacks against U.S. banks, experts discuss what may happen next, including whether the group will join forces with the Syrian Electronic Army.
Phishing attempts against bank employees are on the rise. How can institutions improve their defenses? Daniel Ingevaldson of Easy Solutions offers insights on how to combat advanced phishing techniques.
The National Institute of Standards and Technology is re-evaluating a set of its special publications because of concerns expressed by some leading cryptographers that the National Security Agency might have corrupted the guidance.