A bank's $350,000 settlement with a California oil company should serve as a reminder that reasonable security measures offered by banks are increasingly critical to the outcome of account takeover disputes.
If the NSA's meddling in NIST cryptography standards soiled the reputation of the National Institute of Standards and Technology, an amendment approved by the House of Representatives could help restore it.
Over the next five years, the U.S. payments infrastructure is slated to undergo a major overhaul, with the Federal Reserve leading the charge. Two Fed leaders share insights on the impact on U.S. banking institutions.
P.F. Chang's confirmed card breach has renewed debate about the state of security at U.S. merchants. The PCI Council's Bob Russo says that while there has been progress in recent months, the retail industry still has a long way to go.
"Banks can play offense, to use mobile in a justifiable way to engage customers into their security," says Jim Van Dyke of Javelin Strategy & Research. He outlines a strategy for using mobile devices to enhance fraud detection.
The Financial Stability Oversight Council says banking regulators need to ensure institutions are expanding their cyber-intelligence sharing and third-party oversight as attacks against the financial infrastructure mount.
There's good news on the Zeus Gameover Trojan and Cryptolocker ransomware campaigns: The number of new infections has become "very low," if not fallen to zero. But related attacks could quickly resurge. Learn the reasons why.
An ongoing APT campaign employs decoy documents to lure potential victims into installing malicious remote-control tools. Targets include at least one bank, the BBC and many U.S. and EU government agencies.
Security researchers say the international takedown of the Gameover Zeus botnet and servers for CryptoLocker ransomware will have a positive short-term impact, but they warn the threats could quickly re-emerge unless key steps are taken.
Law enforcement agencies worldwide took part in a coordinated operation to disrupt the Gameover Zeus botnet and seize computer servers crucial to the CryptoLocker ransomware. A Russian citizen has been indicted in connection with the crackdown.