Two new insider fraud cases showcase the challenges organizations face to detect and prevent crimes by trusted employees. "You need IT controls, but you need more than IT," says researcher Randy Trzeciak.
In this newest banking fraud scheme, fraudsters use the customer service chat feature within the online banking platform to schedule fraudulent wires. How can institutions detect and prevent this scam?
How are banks responding to DDoS phase 2? "From a technology standpoint, we have improved our defenses quite a bit," says Dan Holden of Arbor Networks. Experts discuss top DDoS lessons banks have learned.
Mobile attacks are on the rise, and banking institutions need stronger authentication and better defenses against out-of-band compromises. But what else should banks be doing in 2013? Experts weigh in.
Which fraud trends need the most attention from U.S. banking institutions in 2013? Distributed-denial-of-service attacks and account takeover, says FS-ISAC's Bill Nelson, who offers fraud-fighting tips.
In light of growing threats and the increasing complexity of information technology, organizations must get everyone in the enterprise, especially top leaders, involved in assessing and managing information risk.
Peer-to-peer, near-field communications and barcode scans are revolutionizing mobile payments. What unique risks do these emerging technologies pose to banking institutions? Two FDIC executives offer insights.
To mitigate the top threats for 2013, organizations need to understand the motivations of potential attackers so they can adequately defend their networks and systems. Experts describe risk management strategies for the year ahead.
To acknowledge individuals and organizations that are playing critical roles in shaping the way financial services organizations approach information security and privacy, BankInfoSecurity announces its inaugural list of Influencers.
The hacktivist group Izz ad-Din al-Qassam Cyber Fighters claims that its second phase of distributed-denial-of-service attacks has affected nine banks since Dec. 11, and it warns more attacks are on the way.
The penalties paid out by HSBC and Standard Chartered Bank for violations to money-laundering regulations should serve as a wake-up call, says Kevin Sullivan. In fact, banking institutions should brace for more fines.