Heartbleed, Shellshock, targeted attacks - the security threats to banking institutions are legion. And there are new ways banks can get better at detecting these evolving threats, says Solutionary's Jeremy Nichols.
Data analytics is reshaping the way financial institutions detect fraud by helping them track customer behavior in real time, says FICO's Anant Nambiar, who'll be a featured presenter at ISMG's Fraud Summit New York on Oct. 21.
Security experts urge organizations to disable support for SSL on clients and servers because of flaws in the cryptographic protocol that could be used to impersonate website users and decrypt HTTPS traffic.
Amsterdam is again playing host to the annual Black Hat Europe information security gathering, and presenters have promised to cover everything from privacy flaws in wearable computers to two-factor authentication system failures.
Exploiting a vulnerability in Microsoft Office, a group of hackers believed to be Russians breached computers operated by the Ukrainian government during September's NATO summit, according to iSight Partners.
Malware known as "Mayhem" that targets Unix and Linux systems has been updated to exploit Shellshock flaws, security experts warn. But with few Unix-flavor systems running anti-virus software, how can it be stopped?
Malware-wielding attackers have compromised 800,000 online banking credentials, mainly for customers of the five largest U.S. financial services firms, a new study warns. But they may also be preparing for APT attacks against financial institutions.
Criminals have infected at least 50 ATMs in Eastern Europe, including Russia, with malware, dispensing millions of dollars in cash directly to money mules. Interpol warns such attacks could spread worldwide.
Nearly two weeks since news of Shellshock broke, attacks that are taking advantage of the Bash vulnerabilities are grabbing headlines. But Michael Smith of Akamai warns that the battle against hackers capitalizing on Shellshock could go on for years.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
The development of authentication technologies that could replace the password is "nearing a tipping point," but there's still several years of work to do, says Jeremy Grant, who oversees the National Strategy for Trusted Identities in Cyberspace.
As researchers scramble to learn more about Shellshock and the risks it poses to operating systems, servers and devices, Michael Smith of Akamai explains why not all patches are actually fixing the problem.
Banking institutions must mitigate all Shellshock vulnerabilities in their internal and customer-facing banking systems. Experts recommend beginning with automated and manual Bash-bug scanning, as well as educating customers about the risks.