As enterprises spend frugally on IT security, cybercriminals aren't, and that presents big problems for organizations working feverishly to secure their digital assets, says Steve Durbin, global vice president of the Information Security Forum.
"Many financial institutions have watched for years as cybercrime has escalated, and now we are shutting it down," says Greg Garcia, describing Operation B71 and how it's helping combat ACH/wire and other forms of fraud.
"People appreciate being contacted when particular transactions look risky," says Peter Tapling, President and CEO of Authentify. "Out-of-band authentication provides the opportunity to do that in real-time, at very low cost to the institutions."
Far too many identity solutions today rely on simple user names and passwords, says Brent Williams, CTO of Anakam Identity Services - the identity product line of Equifax. But the future of identity is bright, he says.
Detectives have arrested seven suspects and seek 13 more in an ATM skimming investigation involving hundreds of credit and debit cards compromised in parts of Canada, the U.S., Australia and Indonesia.