Banking institutions have spent the last two years enhancing authentication to conform to regulatory mandates. Organizations in other sectors can learn important authentication lessons from the banking industry.
Card security depends on a number of links along the payments chain, says Chase Paymentech's David Wallace. And when it comes to PCI compliance, merchants and business partners have to combine efforts.
Gov. Nikki Haley devoted nearly 10 percent of her State of the State address to cybersecurity, responding to public outrage over a breach of South Carolina's tax system that exposed the records of nearly 4 million taxpayers.
Two new insider fraud cases showcase the challenges organizations face to detect and prevent crimes by trusted employees. "You need IT controls, but you need more than IT," says researcher Randy Trzeciak.
Smart phones that give many IT security managers headaches in developing security policies are being used in increasing numbers to help safeguard systems and applications, thanks to more muscular biometric features, says Steve Vinsik of Unisys.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
How are banks responding to DDoS phase 2? "From a technology standpoint, we have improved our defenses quite a bit," says Dan Holden of Arbor Networks. Experts discuss top DDoS lessons banks have learned.
Mobile attacks are on the rise, and banking institutions need stronger authentication and better defenses against out-of-band compromises. But what else should banks be doing in 2013? Experts weigh in.
If we're at war, the fight so far is unbalanced, and the U.S. should be grateful its cyberspace adversary is Iran. "We're probably not very prepared for a virtual conflict against a really competent state, such as Russia or China," says Rand Corp.'s Martin Libicki.
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.