IT security practitioners should understand why the bits, bytes and network connections - the technologies - are important to their organization's goals. Ignorance of the mission, for IT security folks, isn't bliss.
Heavily regulated industries like banking and healthcare have been reluctant to make the virtualized leap to the cloud, fearing a loss of control could open them to unforeseen risk. Are their concerns unfounded?
Banks and commercial customers are more often working together, enabling them to catch and stop fraudulent requests for funds transfers before commercial accounts are drained.
Has our financial system's attention focused so much on cyberthreats that it's forgotten to lock down controls to prevent low-tech schemes? In a nutshell, yes.
Looking at the international stock market crash and the impact it's likely to have on future investments in fraud detection and prevention, how much can banks and credit unions reasonably afford, when economic stability is shaky and the financial future uncertain?
As recent incidents at Citi and BofA reinforce, most banking institutions, from large to small, have done a poor job of keeping up with inside jobs and internal threats.
Payment card fraud is a reality the industry is learning to deal with, through stronger analytical tools and transaction monitoring, financial experts says.
After the revelation of Operation Aurora, the term began to take on a different meaning. "In essence," IBM's X-Force report says, "APT became associated with any targeted, sophisticated or complex attack regardless of the attacker, motive, origin or method of operation."
Fraud, risk management emerging technologies -- these issues know no boundaries. That's why we're launching a series of new international BankInfoSecurity sites to draw proper attention to local issues that impact the global banking industry.
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