Dave Jevans of the Anti-Phishing Working Group says most U.S. banking institutions are ill-equipped to fight 2011's latest and greatest security threats, including automated malware.
Northrop Grumman Cybersecurity Research Consortium's Robert Brammer says IT security researchers should think like Wayne Gretzky, the National Hockey League hall of famer: Skate to where the puck will be.
Online and mobile banking are taking the world by storm - especially in the Asia-Pacific region. But many institutions are simply not prepared to manage security and privacy appropriately in these venues, says Gartner's Matthew Cheung.
Facebook's facial recognition feature clearly impacts the privacy profession and workplace by creating new challenges and raising significant concerns on the issue of trust.
Be vigilant about online security, DHS says, as part of its Stop, Think, Connect cybersecurity awareness campaign. Users' money and identity are at risk without proper safeguards.
Greg Rattray, VP of Security at BITS, says we can't necessarily stop the spread of dangerous malware like Zeus, but banking institutions can do a better job of mitigating the risk and damage that follow such an attack.
The California Supreme Court has ruled that a key provision of a tough state medical privacy law is not preempted by federal regulations. The evolving case, which eventually could wind up before the U.S. Supreme Court or grow into a class action case at the state level, is worth watching.
Not all shootings, fires and accidents are of equal import, regardless of the dramatic visuals they may produce. The same can be said about information security breaches.
"Simple passwords alone do not provide sufficient commercially reasonable security," says Jim Payne of fraud victim Choice Escrow. "Where is the principle of doing what is right and just?"
Citi says only North American cardholders were affected by a recent breach of its online banking platform, though the tally of affected accounts has now jumped from about 200,000 to more than 360,000.
Six months after Michigan-based Experi-Metal Inc. sued Comerica Bank after a breach that resulted in $1.9 million in ACH and wire fraud, a U.S. District Court has favored the commercial customer.
It's not easy to read into LulzSec's motivation. They seem intolerant of those who know the rules but fail to follow them, such as IT security professionals who reuse passwords. They're brazen, and they're in it for the laughs.
Organizations are starting to adapt to cloud computing, but they're hesitant about placing their core assets in the online environment, according to results from the 2011 ISACA IT Risk/Reward Barometer.
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