Insider fraud schemes at three banks in Minnesota, Texas and California illustrate just how difficult it is for institutions to thwart inside jobs. So what steps should banks take to mitigate their risk?
Today's malware threats are designed to quietly and slowly spread to other hosts, gathering information over extended periods of time that leads to exfiltration of sensitive data and creates havoc. Here's what NIST says organizations should do.
"If I came into this job thinking the way I once thought, I'd be worthless," RSA Chief Information Security Officer Eddie Schwartz says. "If your playbook as CISO has not changed in the last seven years ... you're in deep trouble."
Aleksandr Suvorov, linked to Heartland Payment Systems hacker Albert Gonzalez, was sentenced for his role in schemes involving Dave & Buster's restaurants and more than 240,000 stolen credit card numbers.
Financial losses linked to ACH/wire fraud are down, but attacks are increasing. What contributes to that decline in losses, and where can banking institutions still improve their online fraud prevention?
Organizations using semantics and big data tools are creating a new position called data scientist to help uncover fraud and identify undetected vulnerabilities. Here are profiles of three leaders who have embraced this role.