Consumers in the U.S. are responding to growing fears of online identity theft by going offline. Enterprises - especially those in the financial services sector - must counter this trend by reinforcing their efforts to deploy secure transaction-based applications.
Financial Institutions Especially Vulnerable
A...
New Trojans Target Bank Accounts
A new breed of malicious software doesn't even bother to steal victims' bank-account numbers and passwords - it simply lies in wait until they log into their account, then transfers money out. That warning comes from anti-virus technologists from MessageLabs, a security firm. These...
ICSTIS, the body that regulates premium rate phone numbers in the UK, recently received about 50,000 complaints from PC users who claimed that secret Trojan software had changed their internet dial-up settings to connect automatically to premium rate phone numbers.
ICSTIS concedes this was only the tip of an...
If 2005 was the year that identity theft became a household word, 2006 will be the year that banking institutions, the principal targets of most frauds, put in the necessary safeguards to ensure they can't happen.
The ease with which identity thefts were perpetrated, from stealing credit card or shoulder surfing...
The rising number of phishing attacks involving the hijacking of the brands of financial institutions poses a genuine threat to the integrity of the financial system. Fortunately, there exist defenses to deter attacks or to render them harmless. Some of these employ technology to foil would-be scammers, and other...
Phishing scams—the use of fake E-mails to dupe people into yielding up their account numbers and passwords—is on the rise. Hijacking brand names of banks, e-retailers and credit card companies, phishers often convince recipients to respond. Technical subterfuge schemes plant crimeware onto PCs to steal...
The Homeland Security Presidential Directive HSPD-12 called for new standards to be adopted governing the interoperable use of identity credentials to allow physical and logical access to Federal government locations and systems. The Personal Identity Verification (PIV) standard for Federal Employees and Contractors,...
Nearly a quarter of PC users are targeted by monthly phishing attempts, according to a national study of online security.
Phishing is, of course, the practice of sending bogus but authentic-looking e-mails, purportedly from a trusted organization, to consumers in hopes of tricking them into revealing personal...
Organizations publish information online including confidential data. Data is rendered in varied formats; it can vary from simple HTML pages to documents in Adobe's PDF or Microsoft's Word/Excel formats. Confidential data is restricted to a set of users who have to login and be authenticated on the website. A common...
This paper discusses and analyzes the internet-based, password reset functionality provided by many organizations for their customers. The average application user is being forced to remember more and more complex passwords to accomplish their daily routines. The very nature of complex passwords, sometimes results in...
What are the driving forces behind the rise of malware? Who’s behind it, and what tactics do they use? How are vendors responding, and what should organizations, researchers, and end users keep in mind for the upcoming future? These and many other questions will be discussed in this article, combining security...
Andrew Miller- BankInfoSecurity.com Editor
The year 2005 will likely go down in history as the year of the data security breach. It was a year in which CardSystems Solutions Inc. revealed a security breach that exposed data on potentially more than 40 million payment-card accounts. DSW Shoe Warehouse disclosed the...
"Botnet" Investigation Led by U.S. Secret Service’s Electronic Crimes Task Force and the Computer
Hacking and Intellectual Property Unit of the U.S. Attorney’s Office
SAN JOSE – United States Attorney Kevin V. Ryan announced that Anthony Scott Clark, 21, of Beaverton, Oregon, pleaded guilty...
The United States Attorney for the Northern District of California announced that Suibin Zhang, 37, of San Jose, California, was charged late yesterday by a federal grand jury in San Jose in a nine-count indictment alleging computer fraud; theft and unauthorized downloading of trade secrets; and the unauthorized...
Caused As Much As $20 Million in Losses to Software Industry
WASHINGTON, D.C.—The owner of one of the largest for-profit software piracy websites to operate in the United States has pleaded guilty to operating a software piracy website, Assistant Attorney General Alice S. Fisher for the Justice Department's...
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