Advice on how to encourage information sharing while preserving control over access to data is provided in a new special publication from the National Institute of Standards and Technology.
Too many businesses are worried about how security might adversely affect the user experience, even among their own workforce, says Bert Rankin, chief marketing officer of ThreatMetrix.
Simple credentials, such as passwords, are a hacker's best friend, says Phillip Dunkelberger of Nok Nok Labs, a founding member of the FIDO Alliance. That's why the alliance is working to reduce reliance on passwords by enabling advanced authentication.
Two critical steps that banking institutions need to take in 2014 to help prevent fraud are implementing big data analytics and adopting far more sophisticated customer and employee authentication, says Gartner analyst Avivah Litan.
In a groundbreaking effort to boost security, HSBC Bank USA is now requiring its retail banking customers to use dual-factor authentication for certain sensitive online banking transactions, says LuAnne Kingston, senior vice president.
2014 is finally the "The Year of Security." When the year stars fresh on the heels of the announcement that Target has suffered a data breach that impacts tens of millions of consumer payment cards ... that gets attention. And when that's followed up quickly with a second major breach, this one of luxury retailer...
Leading this week's industry news roundup, FireEye Inc. announced the rollout of FireEye OS 7.1., an update to the FireEye OS. See additional news from Arbor Networks, HID Global and more.
To help reduce reliance on passwords, the FIDO Alliance is developing standard technical specifications for advanced authentication. Michael Barrett and Daniel Almenara of FIDO describe the impact the effort could have in 2014.
The financial services industry is not collaborating effectively to address online payment risks, says Scott Dueweke of Booz Allen Hamilton, who offers insights on effective fraud-fighting steps.
While the U.S. migration toward EMV card technology may have been jolted by a July court ruling, Randy Vanderhoof of the Smart Card Alliance contends the movement toward EMV will accelerate in 2014.
Call center fraud is one of the leading threats that financial institutions will battle next year because fraudsters consider the centers to be an easy target. But what can be done to mitigate this threat?
Hackers have pilfered some 2 million user passwords and credentials for Facebook and other social media and Internet sites, according to IT security provider Trustwave. The hackers attacked computers in about 100 nations.
A new takeover scam that the FBI calls a "man-in-the-e-mail" attack has drained $1.65 million from three Seattle-area businesses' accounts. Learn what steps to take to avoid becoming the next victim.
Financial institutions and businesses in other sectors must continually collect information about their online customers to ensure stronger authentication, says Avivah Litan, a fraud expert and analyst for the consultancy Gartner.
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.
