While several experts say two new cyberthreat alerts from the FFIEC are primarily designed to make sure that smaller institutions are mitigating ongoing threats, Shirley Inscoe of Aite says they could also be an indicator of new threats on the horizon.
As more mega-breaches occur, cyber-insurers will more closely assess the security risks of potential clients, leading more organizations to improve their information security programs, attorney John Yanchunis predicts.
The U.S. Department of Justice has charged two former federal agents with money laundering and wire fraud based on allegations that they attempted to profit from the investigation into the underground narcotics marketplace known as "Silk Road."
Application security is not keeping pace with evolving attacks, says Prasenjit Saha, a CEO at the consultancy Happiest Minds Technologies. One problem: lack of a standard, secure coding process in the application development life cycle.
Premera Blue Cross already is facing five class action lawsuits in the wake of its massive data breach. Meanwhile, its CEO has provided some answers to questions posed by a U.S. senator regarding the hacker attack.
Chinese officials have reportedly agreed to delay some banking-sector requirements aimed at foreign technology vendors, who were instructed to submit to rigorous audits and to add government-approved backdoors to their products.
Experts debate the value of new PCI guidance for how businesses should use penetration testing to identify network vulnerabilities that could be exploited for malicious activity. Does the new advice go far enough?
DDoS attackers have been targeting the popular code-sharing website GitHub. Security experts say the massive attacks appear to have originated from China and been designed to disrupt access to GitHub-hosted anti-censorship tools.
The House Intelligence Committee has approved cyberthreat information sharing legislation that its leaders developed. Meanwhile, a national data breach notification bill has been introduced that's modeled on language proposed by the White House.
Upticks in fraud perpetrated through mobile banking and mobile payments are a growing concern for regulators, says David Lott of the Federal Reserve Bank of Atlanta, who explains ongoing security initiatives.
While the Indian finance ministry has announced incentives for banks to curb cash transactions and encourage the use of payment cards, security experts caution CISOs about authentication and fraud risk.