Whether reports that the National Security Agency entered into a secret contract with security provider RSA are true or not - and RSA says they're not - the reputations of all American security vendors have been tarnished.
Call center fraud is one of the leading threats that financial institutions will battle next year because fraudsters consider the centers to be an easy target. But what can be done to mitigate this threat?
Managers at all levels must understand their responsibilities in providing role-based cybersecurity training, says Patricia Toth, a computer scientist at the National Institute of Standards and Technology.
The NIST cybersecurity framework will help U.S. banking institutions assess their security strategies, but some institutions fear the framework could trigger unnecessary regulations, says Bill Stewart of Booz Allen Hamilton.
ATM skimming attacks, and subsequent fraud losses, are increasing, even in European markets where EMV chip cards are the standard. Learn why some experts predict a continued surge in skimming in the months to come.
Wayne Dunn, CTO of HarborOne Bank in New England, says improving vendor management is a top security priority for institutions in 2014. As more core banking functions are outsourced, due diligence becomes increasingly critical.