Cyber criminals typically will move on to a target that is much less secure but those behind advanced persistent threats will spend months if not years trying to penetrate an IT system until they succeed, says Dmitri Alperovitch, McAfee Labs threat research vice president.
Incidents such as the WikiLeaks disclosures and resulting fallout push leaders to redefine their data protection agenda for 2011 and think about their organizations' vulnerabilities.
Here's a New Year's resolution every banker can appreciate: In 2011, the industry must embrace a stronger dedication to investments in fraud-detection and prevention.
Despite an overall, albeit gradual, decline in check use, check fraud continues to plague the financial industry. And banks and credit unions are challenged to curb these evolving crimes.
Fraud attempts will escalate, not diminish, as new threats and channels blossom in 2011. Growth in mobile banking and the use of social networks are expected to pose new security challenges, experts say.
Researchers explore adapting geolocation technology to identify where data reside on the cloud so organizations can comply with IT security laws and regulations, RSA Chief Technology Officer Bret Hartman says.
There have been 58 reported banking-related data breaches so far in 2010, according to the Identity Theft Resource Center -- slightly fewer than the total of 62 breaches in 2009.
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