Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
Reports of account takeover incidents have increased in the last 18 months, yet losses have remained steady, says former federal banking examiner Amy McHugh, who analyzes what security measures are working and what still needs to be done.
State-sponsored attacks are up significantly, so organizations need to rely on new, stronger controls to ward off advanced threats. John Gordineer of Dell SonicWALL discusses the role of next-generation firewalls.
Misconfigured firewalls aren't necessarily a result of technical issues. Often, there are business or staff issues that can be easily addressed to improve security. Jerry Skurla of FireMon explains how.