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.
Hacktivists on Christmas Day announced new plans for more DDoS attacks against U.S. banks, and it appears Citi was among the first hit, although the attackers named no specific targets in their latest threat.
IBM's Dan Hauenstein, in analyzing Big Blue's 2012 Tech Trends Report, says security concerns often inhibit the adoption of four technologies: mobile, cloud, social business media and business analytics.
The answer seems obvious, especially in the context of IT security and information risk. Yet, is it, especially when developing codes and standards, as well as funding research and development initiatives that involve taxpayer money?
CISOs' top three priorities for 2013 are emerging threats, technology trends and filling security gaps, says RSA CISO Eddie Schwartz. But what new strategies should leaders employ to tackle these challenges?
The arrest of 10 individuals allegedly tied to a global phishing scheme that exploited Facebook is good news. But experts say banking institutions need to push stronger security and authentication to protect accounts.
Hacktivists announced Dec. 18 that they planned yet another round of distributed-denial-of-service attacks against five U.S. banks. Wells Fargo confirmed its online banking site experienced outages throughout the day.
Eurograbber got banks' attention after compromising out-of-band authentication in Europe. But researchers say it's the knowledge of the hackers behind the attack, not the Trojan, that's most concerning.