Spear-phishing attacks aimed at bank employees are on the rise, and community banks and credit unions are particularly vulnerable. Learn why experts say authentication is failing to address the problem.
Successfully implementing the SANS 20 Critical Security Controls requires far more than just deploying systems, platforms or services. Experts offer insights on effective strategies for leveraging technical controls.
Although the U.S. and Chinese governments blame one another for cybermischief, they should collaborate to battle common cyberthreats, says Christopher Painter, the State Department's top cyberdiplomat.
TD Bank has been ordered to pay $52.5 million in penalties for violations of the Bank Secrecy Act and securities laws as a result of failing to file timely suspicious activity reports related to nearly $1 billion worth of transactions.
More than 1,000 banks will test their incident response strategies by participating in a simulated cyber-attack exercise. SWACHA's Dennis Simmons says the drill, which is open to more participants, will help bolster defenses.
Version 3.0 of the Payment Card Industry Data Security Standard, to be released later this year, will include a focus on the standardization of compliance assessments, says Bob Russo of the PCI Security Standards Council.
Comptroller of the Currency Thomas Curry's comments in a Sept. 18 speech could be an early indication that regulators will put more pressure on banks and service providers to fill cybersecurity gaps, some observers say.
Two more guilty pleas in a $200 million card fraud scheme highlight why banks need to ensure their identification verification policies are consistently applied and that customers are continually vetted and profiled.
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.
The National Institute of Standards and Technology is re-evaluating a set of its special publications because of concerns expressed by some leading cryptographers that the National Security Agency might have corrupted the guidance.
Termination of an employee after a breach should be reserved for repeat offenders, individuals who show a total disregard for the rules, those who seek to harm another or the most egregious incidents, security expert Mac McMillan contends.
Banks have a critical role to play in helping other industries with DDoS mitigation, as DDoS targets are expected to shift. Attacks against U.S. banks are proving increasingly ineffective because banks have enhanced their defenses.