Financial losses tied to fraud against bank accounts increased about 12 percent from 2012 to 2014, but banks are not to blame. To the contrary, the ABA argues that banks are actually making significant strides in their fraud prevention efforts.
Cybercriminals are in mourning after the shocking announcement from Oracle that it will deep-six its beloved Java Web browser plug-in technology, owing to browser makers failing to support "standards based" plug-ins.
Banking institutions and associations are demanding that the Federal Financial Institutions Examination Council make significant changes to its Cybersecurity Assessment Tool. What action, if any, will regulators take in response?
The FFIEC's Cybersecurity Assessment Tool needs to be redesigned, as the tool's current design sets institutions up for cyber-risk assessment failure. Industry leaders say they're hopeful that change is on the way because the FFIEC is reviewing a second wave of comments about the tool's efficacy.
The discovery of a serious remote code execution flaw in Trend Micro's consumer security software - now patched - is a reminder that even security software has code-level flaws. But shouldn't security vendors be held to a higher standard than others?
The primary mission of the new Global Cyber Alliance is to identify measurable ways to mitigate cyberthreats facing the public and private sectors, says Phil Reitlinger, a former DHS official and Sony CISO, who heads the new group.
Reports on the Ukrainian energy supplier hack have left many crucial questions unanswered: Who was involved, did malware directly trigger a blackout and are other suppliers at risk from similar attacks? Cybersecurity experts offer potential answers.
The FFIEC's Cybersecurity Assessment Tool is already being integrated into regulators' cybersecurity examinations, says Gartner analyst Avivah Litan. But the tool has so far led to more confusion than clarity, she says, and must be enhanced in 2016.
An inspector general report on a Federal Reserve audit raises more questions than it answers regarding the security risks facing one of the Fed's information systems. The executive summary of the audit fails the transparency test to inform the public.
The top video interviews of the past year featured, among others: Bob Carr of Heartland Payments, Eduardo Perez of Visa and cybersecurity attorney Joseph Burton. Check out their thought-provoking insights.
Conflicting cybersecurity guidance from banking regulators and a federal agency is making it more difficult for CISOs to set priorities, says Chris Feeney, president of BITS, the technology and policy division of the Financial Services Roundtable.
You made this mess, now you'll clean it up. That's the security message of the Federal Trade Commission's settlement with Oracle over its failure to update or eliminate older, insecure - and actively targeted - versions of Java.
TalkTalk's confusion in the wake of its recent data breach, as well as mangling of technical details and failure to encrypt customer data, demonstrate the importance of having an incident-response plan ready in advance of any breach, experts say.
The National Institute of Standards and Technology has issued a Guide to Application Whitelisting that provides step-by-step instructions on deploying automated application whitelisting to help prevent malware from accessing IT systems.