Banks struck by the wave of DDoS attacks are communicating badly and missing a great opportunity to educate their customers about cybersecurity, says Gregory Nowak of the Information Security Forum.
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.
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.
Financial institutions are now at high risk of cyberattack, according to the Financial Services Information Sharing and Analysis Center. What can institutions do to protect themselves from new threats?
Banks and the U.S. payments infrastructure are prime targets for international cyberattacks. And it's not just money hackers are after, says Bill Wansley of Booz Allen Hamilton. What else is at risk?
How will Diane Ness and BITS help banks reduce fraud? As the new head of fraud-reduction programs for the technology division of the Financial Services Roundtable, Ness says education and communication about emerging threats will be a priority.
Rep. Dan Lungren, the bill's chief sponsor, contends the regulatory approach taken by his bill would be less intrusive on the private sector than proposed Senate legislation and a plan by President Obama.
"We took our understanding of the tools, tradecraft and techniques used by these malicious actors, and converted it into actionable information that ... would lower their risk to the type of attack we saw at RSA," DHS Secretary Janet Napolitano says.
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