Cyber-attacks are taking aim at governments, banks and organizations across numerous sectors, says former FBI investigator Shawn Henry. But how much do we know about the actors waging these attacks and who their top targets are?
Another organized cyber-attack and subsequent cash-out scheme illustrates increasing risks to the U.S. payments chain. One fraud expert says this trend "is of grave concern" for banking institutions and their accountholders.
Financial fraud expert Joe Rogalski explains why card issuers are ultimately responsible for losses linked to ATM cash-out schemes, like the $45 million worldwide cyberheist that made headlines last month.
As they develop mitigation strategies, organizations must keep in mind that all cyber-attacks, ranging from DDoS to phishing, ultimately aim to compromise data - and they virtually all are advanced and persistent.
An organization's security is only as strong as that of its partners, says Mandiant Director Charles Carmakal, who offers insight on common attack trends emerging from recent data breach investigations.
How could global fraudsters steal $45 million from banking institutions without being detected or stopped? It was a process breakdown, not a technology failure, says fraud expert Avivah Litan of Gartner.