"While these two priorities - sharing and safeguarding - are often seen as mutually exclusive, in reality they are mutually reinforcing," President Obama says in the introduction to the strategy.
The arrest of 10 individuals allegedly tied to a global phishing scheme that exploited Facebook is good news. But experts say banking institutions need to push stronger security and authentication to protect accounts.
Hacktivists announced Dec. 18 that they planned yet another round of distributed-denial-of-service attacks against five U.S. banks. Wells Fargo confirmed its online banking site experienced outages throughout the day.
Eurograbber got banks' attention after compromising out-of-band authentication in Europe. But researchers say it's the knowledge of the hackers behind the attack, not the Trojan, that's most concerning.
PNC confirmed its online banking site was bombarded with high volumes of traffic for the second time this week. Meanwhile, banks worldwide are watching and preparing for similar DDoS attacks.
Online outages affecting leading U.S. banking institutions continued Dec. 12, but only U.S. Bank confirmed its site issues were linked to a distributed-denial-of-service attack. Meanwhile, FS-ISAC outlined precautions institutions should take.
A day after Izz ad-Din al-Qassam Cyber Fighters announced plans for a second wave of DDoS attacks, SunTrust, Bank of America and PNC experienced intermittent site issues, and U.S. Bank acknowledged the new threat.
It's as much about people as it is technology for organizations to successfully implement a continuous monitoring program, says George Schu, senior vice president at Booz Allen Hamilton.
Izz ad-Din al-Qassam Cyber Fighters has announced the "second phase" of its hacktivist campaign, saying five major U.S. banks will be the victims of new distributed-denial-of-service attacks starting this week.
Information sharing proved critical during the recent wave of DDoS attacks that hit leading U.S. banks. What lessons does the experience offer for organizations in other industries? Experts weigh in.
From point-of-sale hacks to malware and DDoS attacks, the top cyberthreats of 2012 have been aggressive and strong. Is it time for organizations to adopt a "hack back" strategy against perceived attackers?
Eurograbber is more than just another banking Trojan. It's an exploitation of fundamental online banking authentication practices that could strike any institution, says Check Point's Darrell Burkey.
Because many merchant compromises result from badly installed or configured applications, payments acquirers, such as Chase Paymentech, are stepping up to help address point-of-sale security.
The individual implementing security - the chief information officer - can't be the same as the person responsible for testing security, conducting audit and reporting on security weaknesses, South Carolina Inspector General Patrick Maley says.
Mobile malware and cloud-based botnets will be top cyberthreats for 2013, says Georgia Tech's Paul Royal. How should organizations address these and other upcoming threats in the New Year?
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
