The hacktivist group known as Izz ad-Din al-Qassam apparently made good on its promise to take down Capital One's online presence. So what does this latest in a series of DDoS attacks mean for other banks?
In the wake of DDoS attacks aimed at five banks, and a fraud alert from FS-ISAC, U.S. banking institutions are taking several steps, including upping technology investments. What other actions are they taking?
"Any bug, beacon or backdoor put into our critical systems could allow for a catastrophic and devastating domino effect of failures throughout our networks," says Mike Rogers, chairman of the House Select Committee on Intelligence.
Visa's Eduardo Perez says a new end-to-end encryption service expected to launch in early 2013 will improve card security at the merchant level. What makes this new service superior? Perez offers details.
Online attacks aimed at major U.S. banks have helped to heighten industry cooperation and information sharing. But experts say not all attacks are equal, and understanding the motivation behind the attack is key.
In this week's breach roundup, read about the latest incidents, including the exposure of member passwords on the Institute of Electrical and Electronics Engineers website and the sentencing of a former hospital employee for selling patient information.
The FS-ISAC's decision to increase the U.S. banking industry's cyberthreat level from "elevated" to "high" is way overdue, Aite's Julie McNelley and other experts say. Here's how banking institutions should enhance security.