Banks need to ensure they continuously monitor their cloud vendors, says Troy Wunderlich of Washington Trust, a community bank in Spokane, who outlines his institution's strategy for vendor management.
When building a business continuity plan, banking institutions too often overlook certain key processes that must be maintained after a cyber-attack or a disaster, says Dan Shannon of core banking processor FIS.
Federal authorities are warning banking institutions and government agencies about a wave of DDoS attacks that could strike on 9/11. Learn what steps the FBI suggests should be taken to mitigate the threat.
Breach statistics for 2012 show DDoS attacks dramatically increased in all sectors, says Verizon's Dave Ostertag. "If your organization, company or agency has a presence on the Internet, you're a potential victim now."
If the hacking community judges the planned OpUSA cyber-attack a success, it could spur more nefarious actors to try more vicious disruptions of U.S. websites, a Department of Homeland Security alert says.
In assessing the risk of a distributed-denial-of service attack, organizations must think beyond shoring up systems' perimeters and concentrate on analyzing cyberthreat intelligence, Booz Allen Hamilton's Sedar Labarre says.
Anonymous says its OpUSA attack planned for May 7 aims to 'wipe' government and banking websites from the Internet. Security experts say the threat is real, but are U.S. organizations taking it seriously?
Hacktivists' phase 3 DDoS attacks against U.S. financial services firms have entered their eighth week, and FS-ISAC spokesman Greg Garcia says concerns are mounting that a criminal element to the attacks could emerge.