Now that both the FBI and the FFIEC have issued alerts calling attention to the risks associated with interbank messaging and wholesale payments in the wake of SWIFT-related heists, U.S. institutions should brace for more regulatory scrutiny of bank-to-bank payments, financial fraud experts say.
The FFIEC has released detailed security guidance for mobile banking and payments that its examiners will now use in their assessments of financial institutions. Banking security experts offer a critique.
At a time when fraud schemes are evolving and anti-fraud solutions are in high demand, it's also time for organizations to ensure their security controls are both effective and convenient. T. Kendall Hunt, CEO of VASCO Data Security, tells how in this video interview.
In response to banking institutions' requests for clarification of the Cybersecurity Assessment Tool, the Federal Financial Institutions Examination Council is taking a preliminary step that could lead to refinements.
The security of Internet-connected toys is in the limelight after toymaker VTech acknowledged suffering a data breach that affects 5 million accounts and personal information and photographs relating to more than 200,000 children.
The FBI is pursuing a suspected Russian hacker who reportedly amassed a trove of 1.2 billion stolen online credentials, plus payment card data and Social Security numbers, and who's offered access to hacked Facebook and Twitter accounts.
Despite near-constant warnings from law enforcement officials and the information security community, too many organizations still aren't taking security seriously, experts warned at the Irish Cyber Crime Conference in Dublin.
Fraudsters break into your network by phishing for access in increasingly sophisticated ways. Anthony Giandomenico of Fortinet describes the importance of tracing every step in the attack lifecycle when devising an effective security strategy.
How do you effectively secure healthcare networks when so many devices access them? Deena Thomchick of Fortinet discusses the unique challenges faced by healthcare leaders required to guard against incursion, both by outside hackers and insiders.
In an age of ubiquitous information sharing, it is critical to control how information is presented - and to whom. Lynne Courts of Seclore discusses new security strategies and solutions that address this need.
Blue Coat CTO Dr. Hugh Thompson speaks about the future of security, the constants that need attention, and lessons to be learned from the U.S. when it comes to writing meaningful breach notification laws.
In a security landscape where the frenetic pace of technology has changed paradigms in ways organizations are struggling to cope with, Blue Coat's Hugh Thompson advises adopting a 'Degrees of Freedom' approach.
A $46.7 million fraud scheme that hit Ubiquiti Networks Inc. shows the new & improved face of wire fraud - and just how easy it is for cybercriminals to fool employees into helping to pilfer their own enterprises.
In the face of new cyber-attacks, enterprises must deploy new security intelligence platforms with analytics to gain greater visibility and reduce incident response time, says LogRhythm's Taylor-Mountford.
Gene Fay of Resilient Systems says the traditional method of solving risk issues through technologies no longer works. Instead, he says, security must be built on the foundation of an effective incident response plan.