Although a hacktivist group says it has suspended distributed-denial-of-service attacks on U.S. banking institutions, banking and security leaders aren't convinced. "Banks should certainly remain on guard," says Gartner's Avivah Litan.
QCR Holdings, a bank-holding company in Illinois, is moving to a new provider for commercial online banking. Why? To ensure QCR's banks conform to the FFIEC's updated authentication guidance, says CTO Michael Wyffels.
The FFIEC has issued proposed risk management guidance for the use of social media. Find out about the key recommendations, and why experts say the guidance could prove valuable to banking institutions.
The proposal, in the form of a bill, lays out a framework that can balance the needs and concerns of government and the private sector and keep Americans safe, says Sen. Tom Carper, one of the measure's chief sponsors.
Banking institutions have spent the last two years enhancing authentication to conform to regulatory mandates. Organizations in other sectors can learn important authentication lessons from the banking industry.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
How are banks responding to DDoS phase 2? "From a technology standpoint, we have improved our defenses quite a bit," says Dan Holden of Arbor Networks. Experts discuss top DDoS lessons banks have learned.
Many organizations are weighing whether cyber-insurance is a worthwhile investment. A decision on the type of policy to buy, and what it should cover, depends, in part, on the type of information that could be exposed.
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.