Check fraud remains the No. 3 source of losses for financial institutions, Information Security Media Group's soon-to-be-released Faces of Fraud survey shows. But fraud expert Wesley Wilhelm says behavioral analytics can help mitigate the risks.
Criminals have begun targeting ATMs in Western Europe using malware, as well as a new generation of stealthier skimmers designed to capture card data and PIN codes. But the stolen data is often used for fraud elsewhere, especially the U.S.
Attorneys for Target have requested a halt in the discovery process for class action lawsuits stemming from the retailer's December 2013 data breach until the court can consider its forthcoming motions to dismiss most of the suits.
Is having too many stakeholders who care about cyberspace's viability a hindrance to security? That's one way to interpret comments from White House Cybersecurity Coordinator Michael Daniel as he addresses the challenges of governing the Internet.
What can banking institutions expect when examiners come calling to conduct their new cybersecurity risk assessments? Security experts share insights from institutions that have gone through the process.
Bob Russo, long-time general manager of the PCI Council, will retire at the end of the year. Stephen Orfei, his replacement, will take the helm in September. Security experts analyze the potential impact of the change.
The "Bolware" malware gang has used Web injection and "man-in-the-browser" techniques to steal up to $3.75 billion. The attack campaign demonstrates how easily attackers anywhere in the world can commit browser-based fraud.
The "Energetic Bear," a.k.a. "Dragonfly," hacking campaign targets U.S. and Western European energy firms. While the hackers appear to be backed by Russia, the purpose of their attacks remains unclear.
The OCC says cyberthreats against the U.S. financial infrastructure are growing, and financial fraud should not necessarily be banking institutions' top concern. Learn more about the latest OCC report.
Could too much regulatory oversight hinder cyberthreat information sharing, rather than encourage it? That's an increasing concern for bankers, who argue regulators could bog down progress in cybersecurity.
Under assault by advanced threats, organizations must change their approach, says Damballa's Stephen Newman. Detection is out; response is in. How do organizations deal with 'a constant state of infection?'