Emerging reports now suggest other financial institutions may have been targeted by the same hackers who breached Chase. But how can we be sure? Mark Clancy of the Depository Trust & Clearing Corp. explains why the analysis is challenging.
An important lesson to learn from the massive JPMorgan Chase breach is that banks can't just focus on protecting card data and online banking accounts; they also must protect their customers' personally identifiable information.
If JPMorgan Chase, which was considered one of the most secure organizations in the world, can be breached, then virtually all other banks likely are at risk, too. Experts explain why early detection and information sharing are key to mitigating threats.
European financial services firms and law enforcement agencies have been stepping up their efforts to trade actionable intelligence and better defend themselves against emerging malware and fraud campaigns.
The Modi government's "Jan Dhan Yojana" is ambitious, and security concerns are vast. Awareness, complexity and scope must be addressed, says Pervez Goiporia, vice president, IDM development, at Oracle India.
Fraudsters continue to make inroads against financial institutions based in the United Kingdom - and beyond - because banks aren't working together to share information about the attacks they see, according to presenters at the London Fraud Summit.
FS-ISAC has teamed up with the Depository Trust and Clearing Corp. to offer software designed to ease cyberthreat information collection and sharing, helping safeguard against cyber-attacks.
How banks and law enforcement can work together to fight global cybercrime was a hot topic at our Fraud Summit Toronto. And the discussion will continue at our Sept. 23 summit in London.
This week's PCI Community Meeting in Orlando will tackle key issues in the wake of point-of-sale malware attacks and subsequent card breaches, offering a fresh look at card security.
Security firms McAfee and Symantec have joined the Cyber Threat Alliance, which was launched by Fortinet and Palo Alto Networks in May as a way to share threat intelligence.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.
Initial reports suggested that Russian hackers could behind an attack against JPMorgan Chase, and perhaps other U.S. banks. While it's still far from clear who the culprits are, experts discuss the potential hacking motivations of a nation-state.
Michael Daniel explains that among his biggest challenges as special assistant to the president is fully understanding the economics and psychology behind cybersecurity, topics that few people have mastered.
The killing of an unarmed teen by police in Ferguson, Mo., has Anonymous sympathizers disagreeing on Twitter when and how to expose the identity of the shooter.
Spear phishing attacks are increasingly sophisticated. Banking institutions must learn more about how fraudsters dupe one's customers and employees, says a panel of three financial fraud experts.
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