The OCC's DDoS risk warnings to community banks may indicate more regulatory scrutiny is on the way. Banks should prepare for more oversight of their cyber-attack reporting and threat mitigation practices.
Former federal banking examiner Amy McHugh says banks can learn a lot from recent legal decisions and settlements in account takeover cases, including which authentication and online-banking security investments they should make.
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.
Anonymous says its OpUSA attack planned for May 7 aims to 'wipe' government and banking websites from the Internet. Security experts say the threat is real, but are U.S. organizations taking it seriously?
Hacktivists' phase 3 DDoS attacks against U.S. financial services firms have entered their eighth week, and FS-ISAC spokesman Greg Garcia says concerns are mounting that a criminal element to the attacks could emerge.
Illinois-based bank holding company QCR decided to make a shift in its online-banking platform strategy after a risk assessment revealed security enhancements and customer experience improvements were needed.
From sophisticated malware to socially-engineered schemes, banking institutions of all sizes are under constant, multi-channel attack. How can they respond? Daniel Ingevaldson of Easy Solutions shares ideas.