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.
Banks need to ensure they continuously monitor their cloud vendors, says Troy Wunderlich of Washington Trust, a community bank in Spokane, who outlines his institution's strategy for vendor management.
The State Department's top cyberdiplomat, Chris Painter, explains how the United States is helping other nations beef up their laws and policies to battle cybercrime and improve international collaboration on cyberthreats.
Major agencies continue to struggle with implementing the Federal Information Security Management Act, which governs government cybersecurity, more than a decade after its enactment, according to a GAO report.
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.
With the prospect of a federal government shutdown, and its implications for IT security, it's worth considering what happened in Minnesota two years ago, when a similar budget squabble shuttered state operations for 20 days.
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.