Most fraud on the Internet is linked to unsecured identities, which is why a new global identification framework is needed, says Paul Simmonds, who heads a coalition working on a framework model.
To encourage information sharing about cyberthreats, banking institutions need to be protected from liability through the enactment of new federal legislation, says Paul Smocer, president of BITS.
Spend an hour with Assistant U.S. Attorney Erez Liebermann, as he answers your direct questions about cybercrime cases he is prosecuting and how private sector organizations can best collaborate with federal law enforcement agencies. Liebermann will discuss:
The latest cybercrime threats and attack vectors;
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The NIST cybersecurity framework will help U.S. banking institutions assess their security strategies, but some institutions fear the framework could trigger unnecessary regulations, says Bill Stewart of Booz Allen Hamilton.
To improve cyberthreat and cybercrime information sharing, law enforcement officials and business leaders need to develop better working relationships, says federal prosecutor Erez Liebermann.
The financial services industry will make wider use of data analytics next year as the value of leveraging big data to help prevent or detect fraud becomes more clear, experts predict.
ATM cash-outs and card-skimming schemes are getting more difficult to detect because today's attacks are global, coordinated and sophisticated, says ATM security expert Chuck Somers.
A ransomware campaign has targeted millions of bank clients in the U.K., and experts warn of a worldwide surge in attacks. They say banking institutions have to be diligent about informing customers of the risk.
U.S. Attorney Steve Wiggington says identity theft, especially linked to card skimming, is still the No. 1 fraud threat facing financial services institutions as well as consumers. He stresses information sharing is critical for fighting fraud.
The same vulnerabilities that have made the online banking channel an easy target for fraudsters also will soon plague mobile banking, says Julie Conroy, a consultant with Aite.
Is management of a virtualized environment a major concern? Does your business need a technology that helps you secure your virtual environments? With the growing popularity of virtualization in enterprise data centers, you need a virtual security solution that allows you to confidently adopt virtualization...
Banking executives were among the CEOs who met with President Obama at the White House to discuss cybersecurity strategies. Paul Smocer of BITS explains how this discussion may pay off for financial institutions.
Senior leaders in business and government are buying in to the need for more cybersecurity investments as well as threat-intelligence sharing, new research shows. But why are they still struggling to hire the right security pros?
New revelations about how the National Security Agency collects and uses e-mail and instant-messaging contact lists demonstrate bad data governance practices that raise serious concerns, a leading privacy attorney says.
Banking institutions and merchants are fighting back against cyber-attacks by sharing information and assisting law enforcement investigations, says Julie Conroy of Aite, which has issued a report about account takeover and cyberfraud trends.
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