A new impersonation scheme is taking aim at business executives to perpetuate ACH and wire fraud, says Bank of the West's David Pollino, who explains steps institutions should take now to protect their customers.
The 9/11 Commission, in its 10th anniversary report, cautions Americans and the U.S. government to treat cyberthreats more seriously than they did terrorist threats in the days and weeks before Sept. 11, 2001.
New research shows consumers believe online purchases are more secure than those made at bricks-and-mortar retailers. Researcher Shirley Inscoe of Aite explains why misconceptions about card fraud should be worrisome to banks.
A security expert and average consumers respond differently to the eBay breach. As most customers retain a high degree of faith in online merchant security, the expert believes eBay committed a serious sin in its lack of strong authentication.
Banking institutions must improve how they analyze cyber-threat intelligence. But without better tools, security leaders can't adequately anticipate new attacks, says Greg Garcia, the new executive director of the FSSCC.
Banking experts say the Retail Industry Leader Association's launch of a cyberthreat information sharing initiative is a good first step toward thwarting breaches, but it should build on the models used by other industries.
Embedding some information security practitioners within business units could help improve IT security awareness in many enterprises, reducing security risk, says Steve Durbin, global vice president of the Information Security Forum.
The recent Verizon Data Breach Investigation Report notes more than 16,000 incidents in the past year where sensitive information was unintentionally exposed. "Nearly every incident involves some element of human error," the report notes.
To help address the shortage of qualified cybersecurity professionals, (ISC)Â² is offering colleges and universities a variety of assistance with bolstering cybersecurity education and preparing students for certification.
President Obama has reportedly decided that the government shouldn't exploit encryption flaws, such as Heartbleed, in most instances unless there's "a clear national security or law enforcement need." But how should that need be determined?
In many if not most enterprises, the chief information security officer reports to the chief information officer. After all, enterprises cannot function without IT, and security is a support function to safeguard data and systems. Or is it?
An analysis of the Target breach prepared for a Senate committee is a political document that might help its patron's agenda but doesn't go far enough to identify technical solutions to help enterprises avoid Target-like breaches.