Losses linked to retail breaches have fueled class action lawsuits on behalf of consumers. But Javelin's Al Pascual says banks are soon likely to take legal action, too, in breach cases that expose cards and lead to fraud.
Electronic banking fraud is as rampant as ever because of the failure to address one of the core problems, says security specialist Tom Wills, who describes why focusing only on technology to defeat Trojans will never work.
Despite what's now been a two-month break from hacktivists' DDoS attacks on banks, we can expect more assaults from Izz ad-Din al-Qassam Cyber Fighters. And this next wave should concern us all. Here's why.
Patent infringement lawsuits that involve security practices are becoming more common in heavily-regulated industries. Organizations need to take several steps to be well-prepared, advises patent attorney James Denaro.
Here are some questions we'd like to ask the former systems administrator at the National Security Agency to learn more about the motivation behind his leak of the U.S. government's top-secret information collection programs.
Distributed-denial-of-service attacks are perfect weapons for cybercriminals and political adversaries, says Prolexic's Scott Hammack, who explains why any organization with an online presence should brace itself for attacks.
So-called patent trolling is getting attention from banking leaders and the White House. As patent attorney James Denaro points out: "Essentially every single financial institution is at risk of being accused of infringement."
DDoS attacks on U.S. banks will continue, and community institutions may well be the next major targets. Rodney Joffe of Neustar offer tips for how smaller institutions can assess DDoS risks and improve DDoS mitigation.
In an interview about DDoS threats and defenses, Joffe discusses:
Why community banks must...