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.
Financial institutions are now at high risk of cyberattack, according to the Financial Services Information Sharing and Analysis Center. What can institutions do to protect themselves from new threats?
An individual claiming to be part of Anonymous, the hacktivist group that has targeted big business and government, seems to have taken aim at small businesses by claiming to have disrupted website host GoDaddy.com.
Why did hackers target the federal Thrift Savings Plan? Details from the FBI and the TSP have been sketchy, and Sen. Susan Collins is demanding more information - including the reasons behind the delayed notification.
Citigroup has confirmed its consumer banking sites were temporarily offline Friday because of what a bank spokesman referred to as temporary outages. Hackers with Anonymous have claimed to be behind the attacks.
The insider poses one of the greatest and most damaging security risks any organization faces. So why do so many businesses and institutions fail when it comes to addressing this most obvious security risk?