Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
From the growth of mobile malware to the refinement of sophisticated banking Trojans and the proliferation of point-of-sale and retail breaches, the fraud landscape continues to evolve for banking institutions globally.
But so, too, do the anti-fraud technology solutions institutions use to detect, prevent and...
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
A recent ATM cash-out scheme that netted $45 million puts a spotlight on the need for preventive measures, says John Buzzard of FICO's Card Alert Service. He offers several fraud mitigation tips.
Microsoft and the FBI say they have taken down more than 1,400 botnets responsible for spreading the Citadel malware that compromises online credentials and identities. How did Operation b54 unfold?
The latest phishing trend: the privatization of banking Trojans. Why should financial institutions be concerned? Daniel Cohen of RSA tells what to look for in the newest cross-channel schemes.
What can be done to mitigate the new spear-phishing campaigns that are localized, direct and capable of slipping past most spam filters? Two security experts offer timely insights.
An organization's security is only as strong as that of its partners, says Mandiant Director Charles Carmakal, who offers insight on common attack trends emerging from recent data breach investigations.
How could global fraudsters steal $45 million from banking institutions without being detected or stopped? It was a process breakdown, not a technology failure, says fraud expert Avivah Litan of Gartner.
Attacks aimed at mobile devices are progressing much more rapidly than any attacks ever waged against PCs. Organizations are in danger if they don't pay attention, says anti-phishing expert Dave Jevans.
Today's spear-phishing attacks are highly targeted, technically sophisticated and represent a real threat to data security. Attackers can leverage information gleaned from social media to tailor messaging to individual targets, and can convincingly imitate legitimate senders.
A successful attack compromises the...
Gary Warner, a computer forensics researcher at the University of Alabama at Birmingham, says malware aimed at POS systems isn't likely to affect ATMs. But others say the threat to ATMs is viable.
Maintaining accurate logs of systems' activities is crucial in helping catch insiders who threaten an organization's digital assets, says George Silowash, co-author of the Common Sense Guide to Mitigating Insider Threats.
In the aftermath of an international $45 million cyberheist and ATM cash-out scheme, experts say pinpointing the source of such a massive breach can be difficult. Why?
How can organizations use big data to forecast cyber-attacks and support forensics investigations? Michael Fowkes and Aaron Caldiero of Zions Bank provide insight.
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