"Persistent" is the operative word about the advanced persistent threat that has struck RSA and its SecurID products. "If the bad guys out there want to get to someone ... they can," says David Navetta of the Information Law Group.
"It is the biggest breach we have ever seen; and to say no financial information has been stolen is, well, understating the massive breach and concern," says Neil Schwartzman, founder and chief security specialist at CASL Consulting.
EastNets' Paul Buelens says fraud-fighting is an international concern, as old schemes abound and new threats emerge. Fraud risks are some of the most challenging banks have ever faced.
New authentication guidance, when it is passed down federal banking regulators, needs to pay more attention to mobile, says former Bank of America executive David Shroyer.
NACHA has posted an alert about a targeted phishing scam that appears to be hitting recipients up for ACH transaction details. Reports of phishing e-mails appearing to be from the Internal Revenue Service have also cropped up this week.
After the revelation of Operation Aurora, the term began to take on a different meaning. "In essence," IBM's X-Force report says, "APT became associated with any targeted, sophisticated or complex attack regardless of the attacker, motive, origin or method of operation."
"The trend here is the level of fines that the regulators are putting out there," says Tony Wicks, AML and fraud-detection expert. "$7 million does not sound that great, but for the size of an institution like Pacific National, it is substantial."
Known as the Citizen Patrol Unit, the group of some 30 civilian volunteers has been tasked with monitoring pay-at-the pump terminals throughout one community, looking for signs of tampered terminals or the installation of illegal skimming devices.
A comprehensive bill to dramatically change the way the federal government addresses cybersecurity could pass the Senate as early as this summer, Sen. Thomas Carper, who chairs a Senate panel with IT security oversight, says in an interview with GovInfoSecurity.com.
At a time when some larger banking institutions are being fined for inadequate anti-money laundering measures, security manager Wendy Chapman says she's taking suspicious activity reporting seriously -- and the efforts are paying off.
"We are looking to build a cybersecurity workforce from the ground up, rather than hire those already trained," says Nicole Dean, Deputy Director of the National Cyber Security Division at DHS. "We are looking to hire the best and the brightest."
Phishy HTML pages get past spam filters, and users of RSA's SecurID two-factor authentication products come up with new ways to monitor threats and take preventive steps in the aftermath of a hacker attack against RSA.
This kind of problem happens to everybody, says Marcus Ranum, CSO of Tenable Network Security, in response to the widely publicized breach at RSA. And maybe hes right. Perhaps this kind of problem does happen to everyone. But should it?
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