Face-to-face and over-the-phone social-engineering schemes are increasingly used to perpetrate fraud, highlighting the need for more education and real-time transaction monitoring, says Gartner's Avivah Litan.
Despite the recent lull in al-Qassam Cyber Fighters' DDoS attacks against U.S. banks, the ABA's Doug Johnson and FS-ISAC's Bill Nelson warn banks to avoid complacency, noting that DDoS attacks pose an ongoing threat.
On the one-year anniversary of al-Qassam Cyber Fighters' first announcement about DDoS attacks against U.S. banks, experts discuss what may happen next, including whether the group will join forces with the Syrian Electronic Army.
In the wake of a year of attacks waged against banking institutions by Izz ad-Din al-Qassam Cyber Fighters, the FS-ISAC's Bill Nelson and the ABA's Doug Johnson say the need to regularly update DDoS preparedness is a critical lesson learned.
OpUSA's planned Sept. 11 DDoS against U.S. banks and governmental agencies proved to be uneventful, experts say. But they warn that other potential attacks, especially those with a Syria connection, could prove to be far more serious.
If Iran is behind distributed-denial-of-service attacks targeting American banks, should the United States retaliate aggressively with a Stuxnet-like response? Learn why the Atlantic Council's Jason Healey thinks that's a bad idea.
Federal authorities are warning banking institutions and government agencies about a wave of DDoS attacks that could strike on 9/11. Learn what steps the FBI suggests should be taken to mitigate the threat.
Three U.S. banks have been targeted by new DDoS attacks that apparently had little impact. As bank defenses improve, some experts say the attackers may shift targets to other industries affecting critical infrastructure.
The old saw of a blind squirrel fortuitously finding an acorn reminds the Atlantic Council's Jason Healey of cyber-assailants from third-rate cyber-power Iran, believed to be behind DDoS attacks on U.S. banks.