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.
Online outages affecting leading U.S. banking institutions continued Dec. 12, but only U.S. Bank confirmed its site issues were linked to a distributed-denial-of-service attack. Meanwhile, FS-ISAC outlined precautions institutions should take.
In parts of Europe and Asia, privacy legislation took solid steps forward in 2012. In the U.S., however, progress has stalled. Is the U.S. at risk of falling behind when it comes to privacy protection?
A day after Izz ad-Din al-Qassam Cyber Fighters announced plans for a second wave of DDoS attacks, SunTrust, Bank of America and PNC experienced intermittent site issues, and U.S. Bank acknowledged the new threat.
Izz ad-Din al-Qassam Cyber Fighters has announced the "second phase" of its hacktivist campaign, saying five major U.S. banks will be the victims of new distributed-denial-of-service attacks starting this week.
Former FBI cyber unit chief Tim Ryan sees mounting dangers from the insider, acknowledging undiscerning employees who don't follow proper processes can cause devastation. But he says the actions of those with malicious intent can be more catastrophic.