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.
Communication is key in the wake of a cyber-attack, says Dennis Simmons of SWACHA, who explains how simulated attack drills will help banks overcome their information sharing challenges.
On the one-year anniversary of al-Qassam Cyber Fighters' first announcement about DDoS attacks against U.S. banks, experts discuss what may happen next, including whether the group will join forces with the Syrian Electronic Army.
Organizations still have concerns about sharing too much data and threat intelligence to help thwart attacks. But EMC's Kathleen Moriarty says organizations' fears about intellectual property compromises are overblown.
OpUSA's planned Sept. 11 DDoS against U.S. banks and governmental agencies proved to be uneventful, experts say. But they warn that other potential attacks, especially those with a Syria connection, could prove to be far more serious.
Federal indictments tied to global fraud schemes prove law enforcement is cracking down, says former federal prosecutor Kim Peretti. But increasingly these schemes are targeting smaller merchants - a worrisome trend.
Three U.S. banks have been targeted by new DDoS attacks that apparently had little impact. As bank defenses improve, some experts say the attackers may shift targets to other industries affecting critical infrastructure.
Consolidating Microsoft Active Directory isn't just a technical challenge, but a personnel one as well. Just ask Johnson Matthey's Steve Way, who had to calm dozens of administrators he labels as "masters of their own universe."
Organizations won't effectively share cyberthreat intelligence until they have more efficient ways of gathering and prioritizing data, says EMC's Kathleen Moriarty, author of a new report about information sharing weaknesses.
Kim Peretti, the ex-prosecutor who helped nab Heartland hacker Albert Gonzalez, says recent indictments offer insights into the actors behind global fraud schemes that affected 160 million cardholders.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
Collaboration among public and private entities is a tough sell in any marketplace. But in Asia, the challenges are unique. Here are examples of how Asian entities are fostering information sharing.
If everyone supports the idea of sharing cyberthreat information, then why is information sharing so difficult? Shawn Henry, a former investigator with the FBI, tells how organizations can clear their biggest hurdles.
Leading U.S. banks remain quiet about the DDoS attacks they've suffered. But their SEC reports shed new light on what's going on. Learn what Wells Fargo and Chase recently revealed.
If the hacking community judges the planned OpUSA cyber-attack a success, it could spur more nefarious actors to try more vicious disruptions of U.S. websites, a Department of Homeland Security alert says.
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