Banks have improved DDoS defenses, but ensuring ongoing online reliability requires a more offensive measure - one that rids the Internet of vulnerable sites that can too easily be used for bot traffic.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
Information sharing is key. The more we share about attacks - vulnerabilities and vectors - the more we will learn about how the attacks are waged, who's behind them and what they're after.
Banking institutions can expect more cyberattacks, including threats from nation-states, as the U.S. elections draw near. So they must take adequate security steps - and clearly explain them to their customers.
Global Payments has been less than forthcoming with information about its data breach. How could this lack of transparency hurt the processor, and what's the lesson for others?
Symantec says Internet vulnerabilities are down, but don't get too comfortable. We can expect more attacks in 2012. Why are the same threats still posing so much concern?
Occupy supporters plan today to protest at several banks' headquarters in NYC. Coming on the heels of cyberattacks that targeted police in Boston, how worried should banks be about growing physical threats and cyberattacks waged by Occupy sympathizers?
The certificate authority system is flawed. It's like the Wild West, disjointed and unregulated, where no enforcement exists for standardized accountability.
Corporate account takeover events are reigniting the debate between banks and their former commercial customers, about everything from fraud liability and the "good faith" standard to commercially reasonable security.
No one is really sure when the FFIEC's new authentication guidance will be issued, but we do know banking institutions can't afford to wait. Hence, our new FFIEC Authentication Guidance Resource Center.
Wire fraud incidents from China prove current security measures, including multifactor authentication, are too easy to bypass. And security pundits say it all points back to why the financial industry needs more guidance about adequate online security.
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