The use of Bitcoin poses big cybersecurity and money-laundering concerns for banks. But the transaction infrastructure used by cryptocurrencies offers many features that banks should put to use, says former FBI Special Agent Vince D'Agostino.
President Obama characterizes hacks of American businesses by Chinese hackers as an "act of aggression" against the United States and promises his administration will take action against the Chinese if they don't stop.
Drawn by the potential for low risk and high reward, criminals worldwide are increasingly pursuing online crime instead of conventional forms of property crime, such as burglary and robbery, warns cybersecurity expert Alan Woodward.
FBI Special Agent Charles Gunther says collaboration with FinCEN, international law enforcement and U.S. banks has helped the FBI recover millions of funds stolen from customers via emerging wire fraud schemes.
The federal government is licensing a government-built anomaly detection tool known as PathScan to Ernst & Young, which, in turn, will refine the software and market it. In an interview, DHS's Mike Pozmantier explains why the government is offering its technology to the private sector.
More hackers are exploiting remote-access and network vulnerabilities, rather than installing malware to invade networks and exfiltrate data, says Dell SecureWorks' researcher Phil Burdette. That's why conventional breach-detection tools aren't catching the intrusions.
Cybersecurity adviser Patricia Titus, a former CISO, says too many women are leaving the information security field for jobs with less pressure and more work schedule flexibility. So she urges organizations to offer more incentives to attract and retain women in the field.
The bad news is that the new KeyRaider malware has so far compromised more than 225,000 Apple accounts worldwide. The good news, according to Ryan Olson of Palo Alto Networks, is that only modified, or "jailbroken," ioS devices are at risk.
Underground cybercrime forums continue to evolve, offering services ranging from cybercrime toolkits and money laundering to bulletproof hosting and a service that reviews exfiltrated data for corporate secrets, says cybersecurity analyst Tom Kellermann of Trend Micro.
Although EMV is a far more secure payments technology, it can be exploited for fraud if it's improperly implemented, warns Gartner analyst Avivah Litan. What security lessons must be learned from past EMV deployments?
CISOs who want to keep more cyber-attacks from succeeding should focus on decreasing the half-life of vulnerabilities, which refers to the amount of time it takes half of all systems affected by a vulnerability to get patched. That's the advice from Qualys' Wolfgang Kandek.
Rand Corp.'s Martin Libicki sees circumstances in which a weaker economy could curtail Chinese cyber spying on U.S. companies. Then again, he says, the Chinese government could see spending money on hacking as an economic stimulus.
To help mitigate the risk that blackmail and extortion campaigns might target employees, employers' security teams must regularly review post-breach data dumps as well ramp up enforcement of their corporate security policies, says Stephen Coty of Alert Logic.
Extortionists and "free agent" rogue insiders have emerged as the top two most malicious cybercrime threats to banking institutions, says Gartner's Avivah Litan. How should institutions bolster their defenses?