EastNets' Paul Buelens says fraud-fighting is an international concern, as old schemes abound and new threats emerge. Fraud risks are some of the most challenging banks have ever faced.
NACHA has posted an alert about a targeted phishing scam that appears to be hitting recipients up for ACH transaction details. Reports of phishing e-mails appearing to be from the Internal Revenue Service have also cropped up this week.
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."
"The trend here is the level of fines that the regulators are putting out there," says Tony Wicks, AML and fraud-detection expert. "$7 million does not sound that great, but for the size of an institution like Pacific National, it is substantial."
Known as the Citizen Patrol Unit, the group of some 30 civilian volunteers has been tasked with monitoring pay-at-the pump terminals throughout one community, looking for signs of tampered terminals or the installation of illegal skimming devices.
Phishy HTML pages get past spam filters, and users of RSA's SecurID two-factor authentication products come up with new ways to monitor threats and take preventive steps in the aftermath of a hacker attack against RSA.
This kind of problem happens to everybody, says Marcus Ranum, CSO of Tenable Network Security, in response to the widely publicized breach at RSA. And maybe hes right. Perhaps this kind of problem does happen to everyone. But should it?
Ben Knieff, who oversees fraud prevention strategy for NICE Actimize, says most small businesses don't understand online fraud risks, but they are willing to work with banks to mitigate losses.
RSA executives haven't been commenting publicly since the security solutions vendor revealed last week it had been victimized by a sophisticated cyberattack aimed at its SecurID two-factor authentication product. But weeks before the hack, I spoke with RSA Chief Technology Officer Bret Hartman about advanced...
Complying with industry security standards such as PCI is not just a sound practice, it actually improves the bottom-line, a new survey commissioned by Tripwire finds.
DHS Deputy Undersecretary Philip Reitinger often appears as the administration's cybersecurity point man. Is not having a top White House official tout its infosec agenda behind a perception that the administration isn't leading on cybersecurity?
The Department of Homeland Security is working with RSA in investigating what the IT security vendor characterized as an extremely sophisticated attacked aimed at its SecurID two-factor authentication products.
Jeremy King, European regional director for the PCI Council, says the new guidance addresses the same concerns posed by face-to-face and e-commerce payments. 'If you don't need it, don't store it.'
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