The U.S. Federal Financial Institutions Examination Council has issued a resource document to help financial institutions better understand and address unique risks posed by outsourced cloud-based services.
The draft guidelines recommend developing system threat models, instituting a mobile-device security policy, implementing and testing a prototype of the mobile-device solution and securing a device before allowing user access.
How are banks addressing mobile security risks? Bank of America's Keith Gordon says most are just beginning to forge ahead in the mobile space, and new security gaps are areas for which institutions have to prepare, proactively.
A U.S. appeals court reversed a lower court's ruling in the ACH/wire fraud dispute between PATCO Construction Inc. and the former Ocean Bank, now People's United. What is next in this high-profile case?
The story on how the FBI built its case against Jarand Moen Romtveit in an international carding sting gives IT security practitioners valuable insights on how one individual works in the murky world of hacking.
In what is being called "the largest coordinated international law enforcement action in history directed at carding crimes," 24 suspects have been arrested in a fraud scheme likely involving more than 400,000 accounts.
Banks and credit unions say they are investing in enhanced fraud detection, monitoring systems and education. What other anti-fraud investments top their lists? See what our 2012 Faces of Fraud Survey revealed.
"This is about preparing the battlefield for another type of covert action," a former high-ranking U.S. intelligence official says. "Cyber collection against the Iranian program is way further down the road than this."