A recently released survey from Gartner shows the rate of identity theft is rising -- more than 50 percent over previous years.
What is interesting for financial institutions, they are not the first target. “As it showed in the report, the attacks are moving away from banks to fake lotteries and sweepstake...
Would your customers recognize and detect a well-designed phishing site that was targeting them? The unfortunate answer is probably not. Phishing websites designed with high credibility fooled a high percentage of participants in a recent study. “Why Phishing Works,†a white paper authored by researchers...
Authors of a proof of concept paper called "Drive By Pharming" say that by viewing a malicious web page users can set off changes in a broadband router or wireless access point, making the computer connected to it susceptible to attack.
The paper, authored by researchers Zulfikar Ramzan, from Symantec, and Markus...
To build systems shielding users from fraudulent (or phishing) websites, designers need to know which attack strategies work and why. This paper provides the first empirical evidence about which malicious strategies are
successful at deceiving general users. We first analyzed a large set of captured phishing attacks...
Dr. Jakobsson is also Associate Director of the Center of Applied Cybersecurity Research, and the founder of RavenWhite, Inc. He is the inventor or co-inventor of more than fifty patents, has served as the Vice President of the International Financial Cryptography Association, and is a Research Fellow of the...
Banking via telephone and wireless mobile devices has become an important delivery channel for financial institutions. As with Internet banking, telephones and wireless devices afford great convenience for bank customers, but unfortunately they too are prone to phishing and other forms of attack.
The Federal...
Data breaches were hitting the headlines almost every week in 2006, with an estimated 100 million records compromised due to security breaches over the 100 million mark, according to the Privacy Rights Clearinghouse, which tracks breaches dating to the ChoicePoint incident in 2005. With all the press coverage and...
Wish List from Financial Institutions to Our Customers
As the weather outside gets colder and the year draws to an end, we're thinking of what would be some of the things we'd like to give and receive as gifts during the holidays. While your personal list may be longer than this, here's the 12 things we wish all of...
Wish List from Financial Institutions to Our Customers
As the weather outside gets colder and the year draws to an end, we're thinking of what would be some of the things we'd like to give and receive as gifts during the holidays. While your personal list may be longer than this, here's the 12 things we wish all of...
The Interagency Guidelines Establishing Information Security Standards as per Gramm-Leach-Bliley Act (GLBA) of 2001 require each bank to have a comprehensive written information security program that includes administrative, technical, and physical safeguards appropriate to the size and complexity of the bank and the...
Visa is mounting a full-scale blitz to encourage merchants to use payment software that doesn't compromise consumer passwords. The card company has asked merchants to ensure that the software they use to process card transactions doesn't store the full contents of "track data", which contains passwords and other...
The results are in, and BankInfoSecurity.com would like to present the Top 10 financial information security articles on this website from 2006. All articles have been posted since January, and include any articles through the last week in July.
Not surprisingly, the number one article referred to actual financial...
Deloitte Security Survey
The world's largest financial institutions have faced a surge in the number of security attacks over the past year, particularly from external sources, according to the 2006 Global Security Survey released by the Financial Services Industry practices of the member firms of Deloitte Touche...
Consumers filed more than 255,000 identity theft reports to the Federal Trade Commission in 2005, accounting for more than a third of all complaints.
According to the FTC's most recent report, Internet-related complaints accounted for 46% of all fraud complaints in 2005. The most common form of ID theft was...
The mainstream and IT trade press is replete with references to "organized crime" getting into cybercrime. Is this designation correct? And how significant are the successes of law enforcement in this area?
US prosecutors yanked a major ring of online ID thieves, the Shadowcrew, from the shadiness of the web into...
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