Preliminary results of the 2013 Faces of Fraud Survey show institutions are still suffering big financial losses linked to ACH and wire fraud. Why are they still getting hit, in spite of investments to detect and prevent account takeover?
Addressing cyber-attacks is not just a technology issue. It requires a holistic view from the entire organization, says ISACA's Jeff Spivey, who emphasizes the need for a framework approach to security.
Electronic banking fraud is as rampant as ever because of the failure to address one of the core problems, says security specialist Tom Wills, who describes why focusing only on technology to defeat Trojans will never work.
Our analysis of U.S. government labor statistics shows a sizable increase in the IT security workforce. But the way the occupation is defined may have as much to do with the increase as the number of jobs themselves.
Whether or not Congress enacts cyberthreat intelligence sharing legislation, the IT security community is moving forward with its own information sharing initiatives, MS-ISAC Chairman William Pelgrin says.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.