A breach at a Texas credit union shows how fraudsters target financial institution employees to gain access to sensitive information. Why are institutions proving to be soft spots for compromise?
The big breaches make the headlines, but the smaller attacks on merchants are the ones that ultimately benefit the fraudsters and hurt banking institutions most, says Wade Baker of Verizon.
A new banking Trojan known as Gozi Prinimalka, which researchers say has been targeted to hit at least 30 U.S. institutions, can circumvent many fraud-detection and prevention defenses. So what prevention steps should financial institutions take?
Lost and stolen unencrypted mobile devices are reoccurring culprits in data breaches. So why isn't the use of encryption more widespread? And how are organizations ramping up mobile security?
Phishing attacks took a surprising dip in late summer, according to fraud trends tracked by RSA. But Limor Kessem says phishing attacks this fall should offset the decline. What are the latest trends?
Nearly five years after announcing a competition to develop a new cryptographic hash algorithm, the National Institute of Standards and Technology announces a winner that was designed by a team of European scientists.
Visa's new end-to-end encryption service aims to eliminate payment card data at the merchant level. Eduardo Perez of Visa's Risk Group discusses the security value of this emerging solution.
RSA's Etay Maor says Citadel malware and ransomware attacks highlight a growing threat banking institutions and consumers must be prepared to fight. What can institutions do to mitigate risk?
Seven people have been accused by Michigan authorities of pulling off a unique account takeover scheme that targeted Bank of America and involved nearly $360,000 in fraudulent funds transfers.
The so-called High Roller cyberattack uses automation to drain high-value bank accounts. What can institutions do to protect customers? Chris Silveira of Guardian Analytics offers advice.
Don't be too quick to write off the PATCO court ruling as a victory for banking customers in the debate over ACH/wire fraud liability. The reversal could actually be a win for banks.
The banking industry has never seen such a fundamental change as mobile banking. Globally, millions of consumers are already using a wide array of mobile devices to conduct banking - and millions more are expected to go mobile in the coming months.
But with that growth come a whole new set of threats: mobile...
Marcus Ranum isn't shy about saying online authentication methods are outdated and insecure. Passwords will get breached, but organizations can do more to protect their users and online databases.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing inforisktoday.co.uk, you agree to our use of cookies.