Ransomware attacks are rising, and a resurgence of the banking Trojan Citadel after an earlier botnet takedown is partly to blame, McAfee Labs research shows. Malware expert Ryan Sherstobitoff analyzes the implications.
OpUSA's planned Sept. 11 DDoS against U.S. banks and governmental agencies proved to be uneventful, experts say. But they warn that other potential attacks, especially those with a Syria connection, could prove to be far more serious.
If Iran is behind distributed-denial-of-service attacks targeting American banks, should the United States retaliate aggressively with a Stuxnet-like response? Learn why the Atlantic Council's Jason Healey thinks that's a bad idea.
NIST is hosting a workshop this week to continue shaping the cybersecurity framework President Obama wants implemented by February. Learn about the latest developments in the effort to identify IT security best practices.
When building a business continuity plan, banking institutions too often overlook certain key processes that must be maintained after a cyber-attack or a disaster, says Dan Shannon of core banking processor FIS.
Many chief information security officers have the business savvy and technical know-how to be their organization's chief information risk officer. But should CISOs assume that extra role?
Federal authorities are warning banking institutions and government agencies about a wave of DDoS attacks that could strike on 9/11. Learn what steps the FBI suggests should be taken to mitigate the threat.
As security professionals in other business sectors prepare for potential DDoS attacks, here are three important lessons they can learn from the successful defenses in the financial services industry.
Scientists are discovering ways to make quantum key distribution a more cost-effective and efficient way to securely share encryption keys, but there's still a long way to go before the methods can be practically applied.
Even with the latest disclosures of the efforts the National Security Agency goes through to decrypt Internet communications, enterprises can take specific steps to protect their information from prying eyes.
The FDIC is urging banking institutions to pay more attention to vendor management in light of recent breaches, such as one that compromised core processor Fidelity National Information Services.
The NSA, in a highly classified program code-named Bullrun, used supercomputers, technical trickery, court orders and behind-the-scenes persuasion to undermine encryption, according to a news report.
Citi's settlement with two states over a breach that exposed 360,000 cards will likely set an example for other states. One expert says banking institutions will likely pay more damages when accounts are compromised.
International markets that have implemented EMV technology are seeing reductions in card fraud, but non-EMV markets are seeing dramatic upticks, says U.K.-based card fraud expert Neira Jones.
Fraud is increasing across the board, but attributing losses to certain types of fraud continues to pose challenges for many banking institutions, says Doug Johnson of the American Bankers Association.
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