The TJX Companies, Inc. (NYSE: TJX) may have agreed to pay more than $40 million in a recently-announced settlement with Visa, but the collateral damage might have been significantly worse had the case gone to trial and revealed details of the security/compliance conditions that allowed customer data to be breached....
'Tis the season - for an upsurge in phishing attacks.
Researchers at information security company Cyveillance saw more than a 300 percent jump in attacks on Thanksgiving Day. This one-day spike is a tactic used by criminals, who like to strike on holiday weekends, often targeting smaller businesses and credit...
The latest fraud report from the RSA Anti-Fraud Command Center shows that, after a decrease in September, phishing attacks on credit unions jumped back to 40 percent of all financial institutions struck. (See RSA’s complete report: ...
Swart: Doing well. I’d like to start by talking about consumer issues, and I’d like to know, what is the FTC hearing from consumers about the ID theft problem? Is anything getting better?
Broder: Well, we still receive a fair flow of victim complaints about identity theft. In any given week, we...
Sometimes a Breach is as Simple as Walking in the Front Door Chris Koger is not an actual identity thief, but he may play one soon at a bank branch near you.An Atlanta-based “ethical hacker” and information risk assessor, Koger specializes in human, operational and physical weaknesses of small- to...
To safeguard digital customer files and stymie potential identity thieves, Brintech’s Chris Koger has a quick list of tips for bank officers. They’re based on the most common errors that risk assessors come across
Credit Unions, Smaller Institutions Now Phishing Targets EBay and PayPal are no longer the primary targets of phishing emails; the phishers have cast their lures at customers of smaller businesses, including credit unions and other institutions, according to security vendor Sophos.
Vulnerable Web Servers Are More Quickly Identified By Fraudsters The news from the crimeware front isn’t good. The research team at RSA Security reports the discovery of a tool that fraudsters are using to automatically trace vulnerable web servers, allowing them to quickly launch multiple phishing attacks.
New ID Theft Scam Targets the Really Big Fish Phishers are now setting their hooks on high-income individuals, and the term that information security researchers are using is “Whaling” -- or spear-phishing that really big fish.
Bad Guys Getting Better, Aiming HigherInformation Security Media Group took the opportunity to talk with Dean Turner, Director, Symantec Global Intelligence Network, about Symantec’s latest Internet Security Threat Report. He shared some of his insights re: the most important changes in the threats being seen...
While many computer users have sent them in the past, the future of E-cards (or electronic greeting cards) may be dimmed because of the recent use of them in scams targeting consumers. Financial institutions need to educate their employees and customers more about the dangers of opening electronic greeting cards....
With identity theft topping the Federal Trade Commission's list of US consumers complaints, the release of a new report issued by a leading consumer advocacy group that puts a price tag of more than $7 billion on the cost of cybercrime to the US consumers is not a surprise to many familiar with the identity theft...
How would your employees respond to a phishing email? Would they immediately forward it to your information security officer, or would they shrug it off and hit the delete key? What if they receive a call or voice message from someone asking for what (at the time) seems to be innocuous information on a customer? Have...
Employees play an integral role in protecting the assets of an institution, and as such, need to be adequately trained and made aware of the basic security practices which are frequently overlooked. A set-it and forget-it approach "we're protected because we have a firewall" to information security ignores end-users,...
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