The drop in value of stolen payment cards caused cyber criminals to adopt new tools, foremost among them ransomware. Having already caused a financial drain of $209,000,000 in just one quarter, organizations of all sizes are at risk.
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Concern about privacy spurs consumers to work more closely with their banks, says Robert Zerby, vice president and financial crimes manager within the Community Banking Risk Management division at Wells Fargo Financial Crimes Risk Management.
Park a police car beside a road, and traffic slows down. David Pollino of Bank of the West takes a similar approach to mitigating the insider threat at the institution. What is the bank's 'noisy' program, and how does it discourage rogue behavior? Pollino explains.
A report outlining new ways to recruit and retain cybersecurity professionals in the U.S. federal government leads the latest edition of the ISMG Security Report. Also, the sector considered the most cybersecurity challenged, and the growing interest in virtual private networks.
Legislation to direct the National Institute of Standards and Technology to create a set of tools, best practices and guidance to help small businesses protect their digital assets is heading to the U.S. Senate.
As effective as ransomware has proven to be in attacks against so many organizations across regions and sectors, certain characteristics actually can help defenders gain an edge in detecting malware. Lastline's Engin Kirda explains how.
Hackers have been targeting the likes of AOL and Yahoo, in part, because a certain generation of users - including many senior U.S. officials - continue to use the services to send and store state secrets. Let's make sure future generations don't make similar mistakes.
FS-ISAC is collaborating with the Monetary Authority of Singapore to establish the Asia Pacific Regional Intelligence and Analysis Center to encourage regional sharing and analysis of cybersecurity information within the financial services sector. Security experts weigh in on the value of the initiative.
Most organizations that enable users to perform online transactions have implemented security measures to address fraud. Currently, one of the most common safeguards used in a wide array of products/services is two-factor authentication (2FA).
In recent years, 2FA has become employed by global tech leaders like...
Behavioral biometrics has been getting a lot of attention recently due to its ability to uniquely address the challenges posed by social engineering, account takeovers and malware. It is already considered the third most popular biometric technology (after finger and face) and tied with iris.
Nonetheless, as an...
As mobile devices eclipse computers and laptops as the preferred method of going online, fraudsters have followed users, porting their modus operandi -account takeover, social engineering, and malware based remote control attacks - to the mobile arena. Thus, hackers have many more opportunities to perpetrate fraud and...
Many IT professionals use remote administration tools to troubleshoot and fix PC problems remotely, just as if they were sitting behind the keyboard themselves. But these tools are also used for different purposes today. Both nation states and hacktivists use modified these tools, creating Remote Access Trojan's...
Companies involved in mergers and acquisitions are increasingly targeted with cyberattacks that could potentially derail the deals, says Bryce Boland of FireEye, who outlines the risks and offers tips for mitigating them.
Despite significant investments in the signature-based defenses of today's network, email and endpoint security solutions, since 2010, these solutions have been ineffective against the sheer volume of evolving malware. Security and risk professionals have turned to automated malware analysis (AMA) for help. These...