Mobile apps and smartphone security are increasing global concerns. But Dr. Giles Hogben of ENISA says mobile malware mania is a bit overhyped, since mobile is actually more secure than most other platforms currently on the market.
Mobile definitely has vulnerabilities that pose risks. But are our concerns about open-source platforms and the mainstream availability of downloadable mobile apps over-hyped?
Want to reduce ATM skimming incidents? Heed the advice of Seattle-area banking institutions and law enforcement officials, who have gleaned a half-dozen clues from that region's recent fraud investigations.
The breach earlier this month of certificate authority DigiNotar could prove to be the worst security event ever to happen on the Internet because it threatens, at its core, a fundamental principle of Internet transactions - economic and social - trust.
Ensuring compliance with BSA and AML mandates is always a priority for federal examiners, and that makes it a priority for banks, says Nancy O'Donnell of Thomaston Savings Bank.
Federal investigators say the two latest suspects, along with other accomplices, are suspected of being connected with Seattle-area debit- and credit-card skimming schemes that span at least six months.
International communication and public-private partnerships are the keys to cybersecurity in the financial space, according to the Department of Homeland Security and the Financial Services - Information Sharing and Analysis Center.
The financial system is in better shape than what it was in 2008 and 2009. But market volatility and regulatory reform could change everything, says former FDIC head William Isaac.
A new payment card breach, this time striking a company that supplies vending machines and games to entertainment venues, has reignited concerns about point-of-sale system security.
Payments are moving away from tangible currency to so-called new economies, where value relies more on reputation than currency. Venues such as Facebook facilitate e-commerce via new economies. But as with any change in the payments scheme, industry experts expect these new economies to be accompanied by new risks.
Nessa Feddis of the ABA says increased investments in technology at the bank and consumer levels have fueled confidence in online banking. "I think the reason you see an uptick in use here is because the channel is more secure."
The nascent field of cyber intelligence addresses threats that originate anonymously within cyberspace with potentially enormous consequences: physical destruction and economic chaos.
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