The arrest of 10 individuals allegedly tied to a global phishing scheme that exploited Facebook is good news. But experts say banking institutions need to push stronger security and authentication to protect accounts.
Small attacks aimed at merchants are proving the most fruitful for hackers, recent analysis from Verizon shows. But risk expert Wade Baker says there are steps banking institutions can take to respond.
In the wake of DDoS attacks aimed at five banks, and a fraud alert from FS-ISAC, U.S. banking institutions are taking several steps, including upping technology investments. What other actions are they taking?
A wave of distributed denial of service attacks on banks raises the question: Should the owners of the nation's critical information infrastructure, when assessing risk, be held to a higher standard because society relies on them to function?
Some of the biggest threats to mobile banking and payments are the ones over which institutions have no direct control. How can they mitigate these risks? Mobile banking expert Tom Wills offers advice.
Banking institutions can expect more cyberattacks, including threats from nation-states, as the U.S. elections draw near. So they must take adequate security steps - and clearly explain them to their customers.